Fidelity National Financial (NYSE:FNF) Price Target Raised to $75.00

Fidelity National Financial (NYSE:FNF) had its target price increased by Stephens from $68.00 to $75.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has an overweight rating on the financial services provider’s stock.

Several other equities research analysts have also issued reports on the company. Keefe, Bruyette & Woods reduced their price target on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and lifted their target price for the company from $76.00 to $77.00 in a research note on Friday, January 3rd. Finally, Truist Financial increased 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. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Fidelity National Financial has a consensus rating of “Moderate Buy” and an average target price of $70.40.

Fidelity National Financial Price Performance

NYSE FNF opened at $61.56 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The firm has a market capitalization of $16.85 billion, a price-to-earnings ratio of 13.24 and a beta of 1.39. The company has a 50 day simple moving average of $57.43 and a 200-day simple moving average of $59.17. Fidelity National Financial has a 52-week low of $46.85 and a 52-week high of $64.83.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The company had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same quarter last year, the business posted $0.75 EPS. Equities research analysts predict that Fidelity National Financial will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 3.25%. Fidelity National Financial’s payout ratio is 43.01%.

Insiders Place Their Bets

In other Fidelity National Financial news, Director Halim Dhanidina sold 2,800 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $54.85, for a total value of $153,580.00. Following the completion of the sale, the director now owns 16,716 shares in the company, valued at approximately $916,872.60. This trade represents a 14.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sandra Douglass Morgan sold 2,092 shares of the company’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total value of $117,842.36. Following the completion of the transaction, the director now owns 32,386 shares of the company’s stock, valued at $1,824,303.38. The trade was a 6.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On Fidelity National Financial

A number of hedge funds have recently made changes to their positions in the business. Capital Performance Advisors LLP bought a new position in Fidelity National Financial during the third quarter worth about $32,000. Capital Analysts LLC acquired a new position in shares of Fidelity National Financial in the 4th quarter worth approximately $29,000. Brooklyn Investment Group bought a new position in shares of Fidelity National Financial during the 3rd quarter worth approximately $35,000. Parkside Financial Bank & Trust boosted its stake in Fidelity National Financial by 50.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock valued at $35,000 after buying an additional 209 shares in the last quarter. Finally, Kestra Investment Management LLC bought a new stake in Fidelity National Financial in the fourth quarter valued at $37,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

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.