Fidelity National Financial (NYSE:FNF) Sets New 12-Month High at $55.39

Fidelity National Financial, Inc. (NYSE:FNF) shares reached a new 52-week high on Tuesday . The company traded as high as $55.39 and last traded at $55.38, with a volume of 22645 shares changing hands. The stock had previously closed at $54.53.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Barclays boosted their price target on Fidelity National Financial from $52.00 to $56.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Stephens upped their target price on Fidelity National Financial from $59.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, May 10th. StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, Keefe, Bruyette & Woods dropped 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 report on Tuesday, July 2nd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Fidelity National Financial currently has an average rating of “Hold” and a consensus price target of $55.40.

Fidelity National Financial Trading Up 0.1 %

The company has a debt-to-equity ratio of 0.50, a current ratio of 0.21 and a quick ratio of 0.21. The firm has a fifty day simple moving average of $50.69 and a 200-day simple moving average of $50.73. The firm has a market cap of $15.15 billion, a P/E ratio of 18.60 and a beta of 1.35.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Wednesday, May 8th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.08). The business 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 company’s revenue was up 33.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.52 earnings per share. On average, equities research analysts expect that Fidelity National Financial, Inc. will post 4.67 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.46%. Fidelity National Financial’s payout ratio is currently 63.16%.

Insider Buying and Selling at Fidelity National Financial

In other Fidelity National Financial news, CFO Anthony Park sold 85,000 shares of Fidelity National Financial stock in a transaction dated 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 of the company’s stock, valued at $5,033,670.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Opal Wealth Advisors LLC bought a new stake in shares of Fidelity National Financial during the 2nd quarter worth $26,000. V Square Quantitative Management LLC purchased a new position in shares of Fidelity National Financial during the 4th quarter valued at about $27,000. New Covenant Trust Company N.A. purchased a new stake in Fidelity National Financial in the first quarter worth approximately $30,000. Mather Group LLC. bought a new position in Fidelity National Financial during the first quarter valued at approximately $31,000. Finally, Covestor Ltd lifted its stake in Fidelity National Financial by 109.0% in the first quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 303 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

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.