Fidelity National Financial, Inc. (NYSE:FNF) Receives $54.20 Consensus PT from Brokerages

Fidelity National Financial, Inc. (NYSE:FNF) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $54.20.

FNF has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Fidelity National Financial in a research note on Wednesday, January 10th. They issued a “hold” rating for the company. Barclays raised their price objective on shares of Fidelity National Financial from $52.00 to $56.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Truist Financial raised their price objective on shares of Fidelity National Financial from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Fidelity National Financial from $54.00 to $56.00 and gave the company a “market perform” rating in a research report on Thursday, March 21st.

Fidelity National Financial Stock Up 1.0 %

Fidelity National Financial stock opened at $50.39 on Tuesday. Fidelity National Financial has a 1-year low of $32.02 and a 1-year high of $53.96. The firm has a market capitalization of $13.77 billion, a price-to-earnings ratio of 26.38 and a beta of 1.34. The firm’s fifty day moving average price is $50.66 and its two-hundred day moving average price is $47.87. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.52.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, February 21st. The financial services provider reported $0.75 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.27). Fidelity National Financial had a net margin of 4.40% and a return on equity of 13.91%. The firm had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter in the prior year, the company earned $1.06 EPS. On average, equities research analysts predict that Fidelity National Financial will post 4.81 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date was Thursday, March 14th. Fidelity National Financial’s payout ratio is currently 100.52%.

Insider Buying and Selling at Fidelity National Financial

In other Fidelity National Financial news, Director Cary H. Thompson sold 23,410 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $51.11, for a total transaction of $1,196,485.10. Following the transaction, the director now directly owns 40,317 shares of the company’s stock, valued at approximately $2,060,601.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 5.40% of the company’s stock.

Institutional Trading of Fidelity National Financial

Hedge funds have recently modified their holdings of the business. Victory Capital Management Inc. boosted its stake in Fidelity National Financial by 195.2% in the 4th quarter. Victory Capital Management Inc. now owns 4,261,568 shares of the financial services provider’s stock worth $217,425,000 after purchasing an additional 2,818,001 shares in the last quarter. Confluence Investment Management LLC bought a new position in Fidelity National Financial in the 1st quarter worth about $135,347,000. First Eagle Investment Management LLC boosted its stake in Fidelity National Financial by 34.8% in the 3rd quarter. First Eagle Investment Management LLC now owns 5,942,081 shares of the financial services provider’s stock worth $245,408,000 after purchasing an additional 1,535,401 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Fidelity National Financial by 62.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,061,024 shares of the financial services provider’s stock worth $126,420,000 after purchasing an additional 1,179,506 shares in the last quarter. Finally, Bank of Nova Scotia boosted its stake in Fidelity National Financial by 12,859.1% in the 3rd quarter. Bank of Nova Scotia now owns 875,775 shares of the financial services provider’s stock worth $36,170,000 after purchasing an additional 869,017 shares in the last quarter. 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.