Fidelity National Financial (NYSE:FNF) Reaches New 52-Week Low at $33.57

Shares of Fidelity National Financial, Inc. (NYSE:FNF – Get Rating) reached a new 52-week low during trading on Monday . The stock traded as low as $33.57 and last traded at $33.73, with a volume of 308820 shares. The stock had previously closed at $35.29.

Analysts Set New Price Targets

Several research firms recently commented on FNF. Truist Financial reduced their price target on shares of Fidelity National Financial from $60.00 to $56.00 and set a “buy” rating on the stock in a research note on Tuesday, November 29th. Barclays reduced their price target on shares of Fidelity National Financial from $53.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, February 24th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $47.00 price target on shares of Fidelity National Financial in a research note on Thursday, March 2nd. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Fidelity National Financial from $47.00 to $45.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 28th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $49.00.

Fidelity National Financial Stock Up 0.6 %

The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.54. The firm has a market cap of $9.25 billion, a PE ratio of 8.35 and a beta of 1.36. The business’s 50-day simple moving average is $40.95 and its 200 day simple moving average is $39.45.

Fidelity National Financial (NYSE:FNF – Get Rating) last posted its earnings results on Wednesday, February 22nd. The financial services provider reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.22). The business had revenue of $2.55 billion for the quarter, compared to analysts’ expectations of $2.98 billion. Fidelity National Financial had a net margin of 9.83% and a return on equity of 22.52%. The company’s revenue for the quarter was down 46.8% on a year-over-year basis. During the same period last year, the business posted $2.16 EPS. As a group, equities research analysts expect that Fidelity National Financial, Inc. will post 4.61 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 17th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.30%. The ex-dividend date is Thursday, March 16th. Fidelity National Financial’s payout ratio is currently 44.23%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Fidelity National Financial by 3.1% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,348 shares of the financial services provider’s stock worth $309,000 after buying an additional 250 shares during the last quarter. Lido Advisors LLC grew its position in shares of Fidelity National Financial by 3.3% in the 1st quarter. Lido Advisors LLC now owns 7,938 shares of the financial services provider’s stock worth $387,000 after buying an additional 257 shares during the last quarter. First Hawaiian Bank grew its position in shares of Fidelity National Financial by 2.7% in the 3rd quarter. First Hawaiian Bank now owns 10,162 shares of the financial services provider’s stock worth $368,000 after buying an additional 270 shares during the last quarter. Sei Investments Co. grew its position in shares of Fidelity National Financial by 1.5% in the 1st quarter. Sei Investments Co. now owns 19,176 shares of the financial services provider’s stock worth $938,000 after buying an additional 287 shares during the last quarter. Finally, Zullo Investment Group Inc. grew its position in shares of Fidelity National Financial by 20.9% in the 3rd quarter. Zullo Investment Group Inc. now owns 1,674 shares of the financial services provider’s stock worth $61,000 after buying an additional 289 shares during the last quarter. Hedge funds and other institutional investors own 77.98% of the company’s stock.

About Fidelity National Financial

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Fidelity National Financial, Inc is engaged in the provision of title insurance and transaction services to the real estate and mortgage industries. Its services include title insurance, escrow and other title-related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products and technology and transaction services to the real estate and mortgage industries.