Fidelity National Financial (NYSE:FNF) Hits New 1-Year High – Time to Buy?

Fidelity National Financial, Inc. (NYSE:FNF)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $65.65 and last traded at $65.44, with a volume of 67663 shares traded. The stock had previously closed at $64.53.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FNF. Barclays raised their price objective on Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Keefe, Bruyette & Woods cut their price target on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and increased their price objective for the company from $76.00 to $77.00 in a research note on Friday, January 3rd. StockNews.com downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Truist Financial upped their price target on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $70.40.

Fidelity National Financial Stock Performance

The company has a market capitalization of $17.39 billion, a PE ratio of 13.67 and a beta of 1.31. The stock’s fifty day simple moving average is $58.04 and its 200-day simple moving average is $59.41. 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 (NYSE:FNF) last posted its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 earnings per share 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 business had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same quarter in the previous year, the business posted $0.75 earnings per share. As a group, equities analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 dividend yield of 3.15%. The ex-dividend date of this dividend is Monday, March 17th. Fidelity National Financial’s dividend payout ratio (DPR) is 43.01%.

Insider Activity

In related news, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial stock in a transaction on Friday, January 10th. The shares were sold at an average price of $54.85, for a total transaction of $153,580.00. Following the transaction, the director now owns 16,716 shares in the company, valued at approximately $916,872.60. The trade was a 14.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sandra Douglass Morgan sold 2,092 shares of the company’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 sale, the director now directly owns 32,386 shares of the company’s stock, valued at approximately $1,824,303.38. This trade represents 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.

Institutional Investors Weigh In On Fidelity National Financial

Large investors have recently modified their holdings of the stock. Siemens Fonds Invest GmbH purchased a new stake in shares of Fidelity National Financial during the fourth quarter valued at approximately $63,000. Virtue Capital Management LLC grew its holdings in Fidelity National Financial by 4.9% during the 4th quarter. Virtue Capital Management LLC now owns 16,621 shares of the financial services provider’s stock valued at $933,000 after purchasing an additional 779 shares in the last quarter. Ameriflex Group Inc. purchased a new stake in Fidelity National Financial during the 4th quarter worth $2,135,000. Mackenzie Financial Corp lifted its holdings in Fidelity National Financial by 34.8% in the 4th quarter. Mackenzie Financial Corp now owns 270,415 shares of the financial services provider’s stock worth $15,181,000 after buying an additional 69,771 shares in the last quarter. Finally, Forum Financial Management LP boosted its position in Fidelity National Financial by 5.3% in the 4th quarter. Forum Financial Management LP now owns 7,399 shares of the financial services provider’s stock valued at $415,000 after buying an additional 375 shares during the last quarter. Institutional investors and hedge funds 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.