Brokerages Set Fidelity National Financial, Inc. (NYSE:FNF) PT at $61.80

Shares of Fidelity National Financial, Inc. (NYSE:FNF) have received an average recommendation of “Hold” from the five brokerages that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $61.80.

Several brokerages recently weighed in on FNF. StockNews.com downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Stephens reissued an “overweight” rating and issued a $63.00 target price on shares of Fidelity National Financial in a report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Truist Financial increased 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. Finally, Keefe, Bruyette & Woods boosted 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 research note on Wednesday, September 4th.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total transaction of $103,445.00. Following the transaction, the director now owns 13,206 shares in the company, valued at $803,585.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate 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 stock. Nomura Asset Management Co. Ltd. increased its position in Fidelity National Financial by 0.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 66,445 shares of the financial services provider’s stock valued at $3,390,000 after purchasing an additional 196 shares during the period. Chesley Taft & Associates LLC increased its position in shares of Fidelity National Financial by 1.9% during the second quarter. Chesley Taft & Associates LLC now owns 10,575 shares of the financial services provider’s stock worth $523,000 after buying an additional 200 shares during the period. Intech Investment Management LLC raised its stake in Fidelity National Financial by 1.3% during the second quarter. Intech Investment Management LLC now owns 15,336 shares of the financial services provider’s stock worth $758,000 after buying an additional 202 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Fidelity National Financial by 10.6% in the first quarter. GAMMA Investing LLC now owns 2,155 shares of the financial services provider’s stock valued at $114,000 after buying an additional 207 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in Fidelity National Financial by 13.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 213 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors.

Fidelity National Financial Price Performance

FNF stock opened at $60.34 on Friday. The company’s 50-day moving average price is $57.23 and its two-hundred day moving average price is $52.82. The firm has a market cap of $16.50 billion, a P/E ratio of 19.85 and a beta of 1.36. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.52. Fidelity National Financial has a 12 month low of $37.10 and a 12 month high of $62.00.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.03). Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same period last year, the business earned $1.01 earnings per share. The business’s revenue was up 2.9% compared to the same quarter last year. On average, analysts anticipate that Fidelity National Financial will post 4.53 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date is Monday, September 16th. Fidelity National Financial’s payout ratio is 63.16%.

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.