Brokerages Set Fidelity National Financial, Inc. (NYSE:FNF) PT at $70.40

Shares of Fidelity National Financial, Inc. (NYSE:FNF) have received an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $70.40.

FNF has been the topic of several recent research reports. Keefe, Bruyette & Woods decreased their target price on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 8th. StockNews.com lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Stephens lifted their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, February 24th. 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 report on Friday, January 3rd. Finally, Barclays lifted their target price on shares of Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a research report on Monday, February 24th.

Fidelity National Financial Stock Performance

NYSE FNF opened at $64.03 on Friday. 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 $17.61 billion, a price-to-earnings ratio of 13.77 and a beta of 1.32. The company’s fifty day moving average is $59.73 and its two-hundred day moving average is $59.83. Fidelity National Financial has a 52-week low of $46.85 and a 52-week high of $65.65.

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

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend is Monday, March 17th. Fidelity National Financial’s dividend payout ratio is currently 43.01%.

Insider Activity at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 2,800 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $54.85, for a total value of $153,580.00. Following the completion of the transaction, the director now directly owns 16,716 shares of the company’s stock, valued at approximately $916,872.60. The trade was a 14.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Sandra Douglass Morgan sold 2,092 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 32,386 shares of the company’s stock, valued at approximately $1,824,303.38. This represents a 6.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Fidelity National Financial

A number of institutional investors have recently modified their holdings of FNF. Janney Montgomery Scott LLC raised its stake in shares of Fidelity National Financial by 1.6% in the third quarter. Janney Montgomery Scott LLC now owns 29,543 shares of the financial services provider’s stock worth $1,833,000 after acquiring an additional 462 shares during the last quarter. Covestor Ltd raised its stake in shares of Fidelity National Financial by 73.1% during the third quarter. Covestor Ltd now owns 812 shares of the financial services provider’s stock worth $50,000 after buying an additional 343 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Fidelity National Financial by 4.3% during the third quarter. Crossmark Global Holdings Inc. now owns 17,044 shares of the financial services provider’s stock worth $1,058,000 after buying an additional 710 shares during the last quarter. Empower Advisory Group LLC bought a new stake in shares of Fidelity National Financial during the third quarter worth approximately $335,000. Finally, Metis Global Partners LLC bought a new stake in shares of Fidelity National Financial during the third quarter worth approximately $205,000. 81.17% of the stock is owned by institutional investors.

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.