Fidelity National Financial, Inc. (NYSE:FNF) Given Consensus Recommendation of “Hold” by Brokerages

Fidelity National Financial, Inc. (NYSE:FNF) has been assigned an average rating of “Hold” from the five ratings firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $62.40.

FNF has been the topic of several research analyst reports. StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Keefe, Bruyette & Woods raised their price objective on shares of Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a research report on Wednesday, September 4th. Barclays upped their target price on shares of Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Stephens restated an “overweight” rating and issued a $63.00 price objective on shares of Fidelity National Financial in a research report on Thursday, August 15th. Finally, Truist Financial increased their price objective on Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th.

Fidelity National Financial Trading Up 1.9 %

Shares of Fidelity National Financial stock opened at $60.26 on Friday. Fidelity National Financial has a 12-month low of $43.11 and a 12-month high of $62.97. The stock has a market capitalization of $16.48 billion, a P/E ratio of 17.99 and a beta of 1.37. The company has a 50-day simple moving average of $60.30 and a 200 day simple moving average of $55.03. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.52.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.32 billion. Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The business’s revenue was up 29.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.23 EPS. Research analysts expect that Fidelity National Financial will post 4.53 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.32%. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s dividend payout ratio is 57.31%.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total value of $103,445.00. Following the transaction, the director now owns 13,206 shares of the company’s stock, valued at approximately $803,585.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.20% of the stock is owned by corporate insiders.

Institutional Trading of Fidelity National Financial

A number of institutional investors and hedge funds have recently modified their holdings of FNF. First Horizon Advisors Inc. grew its holdings in Fidelity National Financial by 32.6% during the third quarter. First Horizon Advisors Inc. now owns 878 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 216 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Fidelity National Financial by 5.7% during the third quarter. Advisors Asset Management Inc. now owns 43,092 shares of the financial services provider’s stock worth $2,674,000 after purchasing an additional 2,341 shares in the last quarter. Howe & Rusling Inc. acquired a new position in shares of Fidelity National Financial in the 3rd quarter valued at $213,000. Commerce Bank increased its position in shares of Fidelity National Financial by 3.5% in the 3rd quarter. Commerce Bank now owns 5,991 shares of the financial services provider’s stock valued at $372,000 after buying an additional 200 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Fidelity National Financial in the 3rd quarter valued at $897,000. 81.17% of the stock is owned by institutional investors.

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.