Fidelity National Financial, Inc. (NYSE:FNF) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Fidelity National Financial, Inc. (NYSE:FNF) have earned a consensus rating of “Hold” from the five ratings firms that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $63.80.

Several research firms recently commented on FNF. Barclays increased their price objective on Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Truist Financial raised their price target on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Fidelity National Financial from $63.00 to $64.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 10th.

Insider Buying and Selling

In other Fidelity National Financial news, Director Sandra Douglass Morgan sold 2,092 shares of the firm’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the completion of the sale, the director now owns 32,386 shares of the company’s stock, valued at $1,824,303.38. This trade represents a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.20% of the stock is owned by company insiders.

Institutional Trading of Fidelity National Financial

A number of hedge funds and other institutional investors have recently modified their holdings of FNF. ZWJ Investment Counsel Inc. boosted its stake in Fidelity National Financial by 1.0% during the third quarter. ZWJ Investment Counsel Inc. now owns 19,740 shares of the financial services provider’s stock worth $1,225,000 after buying an additional 195 shares during the period. Commerce Bank lifted its holdings in shares of Fidelity National Financial by 3.5% in the 3rd quarter. Commerce Bank now owns 5,991 shares of the financial services provider’s stock worth $372,000 after acquiring an additional 200 shares during the last quarter. Intech Investment Management LLC boosted its position in shares of Fidelity National Financial by 1.3% during the 2nd quarter. Intech Investment Management LLC now owns 15,336 shares of the financial services provider’s stock worth $758,000 after purchasing an additional 202 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Fidelity National Financial by 13.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 213 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its position in Fidelity National Financial by 32.6% in the third quarter. First Horizon Advisors Inc. now owns 878 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 216 shares during the period. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Price Performance

Fidelity National Financial stock opened at $55.98 on Friday. The stock has a market capitalization of $15.32 billion, a P/E ratio of 20.36 and a beta of 1.36. The company’s fifty day moving average price is $59.83 and its 200 day moving average price is $57.48. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. Fidelity National Financial has a 1 year low of $46.85 and a 1 year high of $64.83.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). The company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The company’s quarterly revenue was up 29.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.23 earnings per share. As a group, equities research analysts anticipate that Fidelity National Financial will post 4.57 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were given a dividend of $0.50 per share. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.57%. Fidelity National Financial’s payout ratio is presently 72.73%.

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.