Fidelity National Financial (NYSE:FNF) Sets New 12-Month High at $59.42

Fidelity National Financial, Inc. (NYSE:FNF) shares hit a new 52-week high during trading on Friday . The company traded as high as $59.42 and last traded at $59.13, with a volume of 90257 shares traded. The stock had previously closed at $58.93.

Wall Street Analyst Weigh In

Several analysts have weighed in on FNF shares. Deutsche Bank Aktiengesellschaft boosted their price target on Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $53.00 price target on shares of Fidelity National Financial in a report on Tuesday, August 6th. Truist Financial lifted their price objective on shares of Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. StockNews.com lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, Stephens restated an “overweight” rating and set a $63.00 target price on shares of Fidelity National Financial in a research report on Thursday, August 15th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $59.80.

Fidelity National Financial Price Performance

The stock has a 50-day moving average price of $53.30 and a 200 day moving average price of $51.62. The firm has a market capitalization of $16.13 billion, a PE ratio of 19.39 and a beta of 1.35. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $1.24 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.03). The firm had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.20 billion. Fidelity National Financial had a return on equity of 14.24% and a net margin of 6.55%. Fidelity National Financial’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.01 earnings per share. Equities analysts forecast that Fidelity National Financial, Inc. will post 4.58 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.92 annualized dividend and a yield of 3.25%. Fidelity National Financial’s dividend payout ratio is presently 63.16%.

Insiders Place Their Bets

In related news, CFO Anthony Park sold 85,000 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $50.82, for a total value of $4,319,700.00. Following the completion of the transaction, the chief financial officer now directly owns 99,049 shares in the company, valued at $5,033,670.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Financial

Institutional investors and hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC purchased a new stake in Fidelity National Financial in the fourth quarter valued at approximately $1,669,000. Gilbert & Cook Inc. grew its stake in shares of Fidelity National Financial by 5.0% in the fourth quarter. Gilbert & Cook Inc. now owns 6,118 shares of the financial services provider’s stock valued at $312,000 after buying an additional 293 shares in the last quarter. Kestra Private Wealth Services LLC raised its holdings in shares of Fidelity National Financial by 52.8% in the 4th quarter. Kestra Private Wealth Services LLC now owns 13,585 shares of the financial services provider’s stock valued at $693,000 after buying an additional 4,697 shares during the period. Victory Capital Management Inc. lifted its stake in Fidelity National Financial by 195.2% during the 4th quarter. Victory Capital Management Inc. now owns 4,261,568 shares of the financial services provider’s stock worth $217,425,000 after acquiring an additional 2,818,001 shares in the last quarter. Finally, Essex Financial Services Inc. boosted its holdings in Fidelity National Financial by 5.1% during the 4th quarter. Essex Financial Services Inc. now owns 7,220 shares of the financial services provider’s stock valued at $368,000 after acquiring an additional 350 shares during the period. 81.17% of the stock is owned by hedge funds and other institutional investors.

About Fidelity National Financial

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.