Analysts Set Fidelity National Financial, Inc. (NYSE:FNF) Price Target at $55.40

Fidelity National Financial, Inc. (NYSE:FNF) has earned an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $55.40.

A number of analysts have weighed in on FNF shares. Keefe, Bruyette & Woods decreased their target price on shares of Fidelity National Financial from $55.00 to $53.00 and set a “market perform” rating for the company in a research report on Tuesday, July 2nd. StockNews.com raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating in a research report on Tuesday. Stephens upped their target price on shares of Fidelity National Financial from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, May 10th. Finally, Barclays raised 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.

Insider Buying and Selling

In other news, Director Halim Dhanidina sold 3,000 shares of the company’s stock in a transaction on 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 approximately $754,839.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Anthony Park sold 85,000 shares of Fidelity National Financial stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $50.82, for a total value of $4,319,700.00. Following the sale, 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 SEC, which is accessible through this hyperlink. Also, Director Halim Dhanidina sold 3,000 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $50.64, for a total transaction of $151,920.00. Following the transaction, the director now owns 14,906 shares in the company, valued at approximately $754,839.84. The disclosure for this sale can be found here. 5.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Fidelity National Financial

Several hedge funds have recently made changes to their positions in the company. V Square Quantitative Management LLC purchased a new position in Fidelity National Financial during the 4th quarter valued at about $27,000. VisionPoint Advisory Group LLC grew its position in Fidelity National Financial by 107.0% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 737 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 381 shares during the period. New Covenant Trust Company N.A. bought a new position in Fidelity National Financial in the first quarter valued at about $30,000. Mather Group LLC. purchased a new position in shares of Fidelity National Financial in the first quarter worth approximately $31,000. Finally, Covestor Ltd increased its stake in shares of Fidelity National Financial by 109.0% in the 1st quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 303 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors.

Fidelity National Financial Stock Performance

Fidelity National Financial stock opened at $51.32 on Friday. The stock has a market cap of $14.02 billion, a PE ratio of 16.88 and a beta of 1.35. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.50. The business’s 50-day moving average price is $50.14 and its two-hundred day moving average price is $50.32. Fidelity National Financial has a 12-month low of $36.55 and a 12-month high of $53.96.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.08). The firm had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $2.72 billion. Fidelity National Financial had a return on equity of 14.24% and a net margin of 6.55%. The business’s revenue for the quarter was up 33.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 earnings per share. As a group, analysts expect that Fidelity National Financial will post 4.67 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend was Friday, June 14th. Fidelity National Financial’s payout ratio is 63.16%.

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.