Fidelity National Financial, Inc. (NYSE:FNF) Receives $53.40 Average Price Target from Analysts

Fidelity National Financial, Inc. (NYSE:FNF) has received a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $53.40.

Several equities analysts have issued reports on FNF shares. Keefe, Bruyette & Woods raised their price objective on Fidelity National Financial from $54.00 to $56.00 and gave the stock a “market perform” rating in a report on Thursday, March 21st. Barclays lowered their price target on Fidelity National Financial from $55.00 to $52.00 and set an “equal weight” rating on the stock in a report on Friday, February 23rd. Deutsche Bank Aktiengesellschaft assumed coverage on Fidelity National Financial in a report on Wednesday, January 10th. They set a “hold” rating on the stock. Finally, Truist Financial raised their price target on Fidelity National Financial from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, February 23rd.

Insider Activity at Fidelity National Financial

In related news, Director Halim Dhanidina sold 3,265 shares of the firm’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $49.34, for a total value of $161,095.10. Following the completion of the sale, the director now owns 17,906 shares in the company, valued at $883,482.04. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Halim Dhanidina sold 3,265 shares of the firm’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $49.34, for a total value of $161,095.10. Following the completion of the sale, the director now owns 17,906 shares in the company, valued at $883,482.04. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Cary H. Thompson sold 23,410 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $51.11, for a total transaction of $1,196,485.10. Following the completion of the sale, the director now owns 40,317 shares of the company’s stock, valued at approximately $2,060,601.87. The disclosure for this sale can be found here. Insiders sold a total of 32,806 shares of company stock worth $1,653,033 over the last 90 days. Company insiders own 5.40% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Financial

Hedge funds and other institutional investors have recently modified their holdings of the stock. V Square Quantitative Management LLC acquired a new stake in shares of Fidelity National Financial during the 4th quarter valued at approximately $27,000. Baystate Wealth Management LLC lifted its position in shares of Fidelity National Financial by 5,300.0% during the 3rd quarter. Baystate Wealth Management LLC now owns 594 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 583 shares during the period. Salem Investment Counselors Inc. acquired a new stake in shares of Fidelity National Financial during the 2nd quarter valued at approximately $26,000. VisionPoint Advisory Group LLC raised its position in shares of Fidelity National Financial by 107.0% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 737 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 381 shares during the last quarter. Finally, Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Fidelity National Financial during the 4th quarter worth approximately $44,000. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $53.10 on Friday. The stock’s 50-day moving average is $50.87 and its two-hundred day moving average is $46.59. The firm has a market cap of $14.51 billion, a price-to-earnings ratio of 27.80 and a beta of 1.33. Fidelity National Financial has a 1 year low of $32.02 and a 1 year high of $53.35. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.21 and a current ratio of 0.21.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.27). The firm had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $2.80 billion. Fidelity National Financial had a return on equity of 13.91% and a net margin of 4.40%. During the same period in the previous year, the business posted $1.06 EPS. Analysts predict that Fidelity National Financial will post 4.81 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $0.48 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.92 dividend on an annualized basis and a yield of 3.62%. Fidelity National Financial’s payout ratio is currently 100.52%.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products.