Fidelity National Financial (NYSE:FNF) Price Target Raised to $59.00

Fidelity National Financial (NYSE:FNF) had its target price increased by Barclays from $56.00 to $59.00 in a research note published on Tuesday morning, Benzinga reports. The firm currently has an equal weight rating on the financial services provider’s stock.

Other equities analysts also recently issued research reports about the stock. Stephens reaffirmed an overweight rating and set a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. Keefe, Bruyette & Woods upped their target price on shares of Fidelity National Financial from $58.00 to $63.00 and gave the stock a market perform rating in a report on Wednesday, September 4th. StockNews.com cut Fidelity National Financial from a buy rating to a hold rating in a report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft boosted their price objective on Fidelity National Financial from $61.00 to $63.00 and gave the company a hold rating in a research report on Wednesday, August 7th. Finally, Truist Financial increased their target price on Fidelity National Financial from $62.00 to $64.00 and gave the stock a buy rating in a research report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $62.40.

Fidelity National Financial Stock Down 1.7 %

FNF opened at $58.93 on Tuesday. The firm’s 50 day simple moving average is $58.54 and its two-hundred day simple moving average is $53.53. The company has a market capitalization of $16.10 billion, a PE ratio of 19.38 and a beta of 1.36. Fidelity National Financial has a 1-year low of $37.10 and a 1-year high of $62.11. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.52.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.03). The company had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.20 billion. Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. Fidelity National Financial’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.01 earnings per share. As a group, equities analysts forecast that Fidelity National Financial will post 4.53 EPS for the current year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend was Monday, September 16th. Fidelity National Financial’s payout ratio is presently 63.16%.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total transaction of $103,445.00. Following the completion of the transaction, the director now directly owns 13,206 shares in the company, valued at approximately $803,585.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its holdings in shares of Fidelity National Financial by 391.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 34,168 shares of the financial services provider’s stock worth $1,743,000 after purchasing an additional 27,211 shares during the period. Crossmark Global Holdings Inc. raised its stake in shares of Fidelity National Financial by 7.1% in the fourth quarter. Crossmark Global Holdings Inc. now owns 17,547 shares of the financial services provider’s stock valued at $896,000 after acquiring an additional 1,163 shares during the period. Prudential PLC lifted its holdings in shares of Fidelity National Financial by 7.8% in the 4th quarter. Prudential PLC now owns 19,336 shares of the financial services provider’s stock worth $987,000 after acquiring an additional 1,395 shares during the last quarter. Capital Fund Management S.A. boosted its stake in shares of Fidelity National Financial by 224.2% during the 4th quarter. Capital Fund Management S.A. now owns 106,496 shares of the financial services provider’s stock worth $5,433,000 after purchasing an additional 73,649 shares during the period. Finally, Verition Fund Management LLC grew its holdings in Fidelity National Financial by 123.9% during the 4th quarter. Verition Fund Management LLC now owns 199,558 shares of the financial services provider’s stock valued at $10,181,000 after purchasing an additional 110,420 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

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.