Fidelity National Financial (NYSE:FNF) PT Lowered to $53.00 at Keefe, Bruyette & Woods

Fidelity National Financial (NYSE:FNF) had its price target lowered by Keefe, Bruyette & Woods from $55.00 to $53.00 in a research report report published on Tuesday, Benzinga reports. The brokerage currently has a market perform rating on the financial services provider’s stock.

FNF has been the topic of several other reports. Stephens increased their target price on Fidelity National Financial from $59.00 to $60.00 and gave the stock an overweight rating in a research report on Friday, May 10th. Barclays increased their price objective on shares of Fidelity National Financial from $52.00 to $56.00 and gave the stock an equal weight rating in a report on Tuesday, April 9th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $55.40.

Fidelity National Financial Price Performance

Shares of NYSE:FNF opened at $48.77 on Tuesday. The company has a market cap of $13.33 billion, a PE ratio of 16.04 and a beta of 1.35. Fidelity National Financial has a fifty-two week low of $34.96 and a fifty-two week high of $53.96. The firm has a 50-day simple moving average of $50.30 and a 200 day simple moving average of $50.34. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, May 8th. The financial services provider reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.08). The company had revenue of $3.30 billion during the quarter, compared to analyst estimates of $2.72 billion. Fidelity National Financial had a net margin of 6.55% and a return on equity of 14.24%. The business’s revenue was up 33.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.52 earnings per share. On average, sell-side analysts anticipate that Fidelity National Financial will post 4.67 EPS for the current year.

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a $0.48 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.92 annualized dividend and a dividend yield of 3.94%. Fidelity National Financial’s payout ratio is 63.16%.

Insider Activity

In related news, Director Halim Dhanidina sold 3,000 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $50.64, for a total value of $151,920.00. Following the completion of the sale, the director now owns 14,906 shares of the company’s stock, valued at $754,839.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Anthony Park sold 85,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $50.82, for a total transaction of $4,319,700.00. Following the transaction, the chief financial officer now owns 99,049 shares in the company, valued at $5,033,670.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Halim Dhanidina sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $50.64, for a total value of $151,920.00. Following the completion of the sale, the director now owns 14,906 shares of the company’s stock, valued at $754,839.84. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

Institutional Trading of Fidelity National Financial

A number of large investors have recently added to or reduced their stakes in FNF. FMR LLC lifted its stake in Fidelity National Financial by 5.0% during the third quarter. FMR LLC now owns 513,836 shares of the financial services provider’s stock valued at $21,221,000 after buying an additional 24,469 shares in the last quarter. LPL Financial LLC boosted its stake in Fidelity National Financial by 15.4% in the 3rd quarter. LPL Financial LLC now owns 136,730 shares of the financial services provider’s stock worth $5,647,000 after purchasing an additional 18,266 shares during the period. O Shaughnessy Asset Management LLC grew its position in Fidelity National Financial by 53.4% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 16,443 shares of the financial services provider’s stock worth $679,000 after purchasing an additional 5,726 shares in the last quarter. Earnest Partners LLC grew its position in Fidelity National Financial by 12,269.9% during the 3rd quarter. Earnest Partners LLC now owns 16,452 shares of the financial services provider’s stock worth $679,000 after purchasing an additional 16,319 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Fidelity National Financial by 6.4% during the 3rd quarter. Legal & General Group Plc now owns 1,930,540 shares of the financial services provider’s stock valued at $79,731,000 after purchasing an additional 116,393 shares during the period. 81.17% of the stock is currently owned by institutional investors.

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.