Fidelity National Financial, Inc. (NYSE:FNF) Receives $54.20 Consensus Price Target from Brokerages

Fidelity National Financial, Inc. (NYSE:FNF) has received a consensus rating of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $54.20.

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods upped their price objective on Fidelity National Financial from $54.00 to $56.00 and gave the company a “market perform” rating in a report on Thursday, March 21st. Truist Financial upped their price objective on Fidelity National Financial from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Barclays upped their price target on Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Fidelity National Financial in a research note on Wednesday, January 10th. They set a “hold” rating on the stock.

Insider Transactions at Fidelity National Financial

In related news, Director Cary H. Thompson sold 23,410 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $51.11, for a total value of $1,196,485.10. Following the transaction, the director now owns 40,317 shares of the company’s stock, valued at $2,060,601.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.40% of the company’s stock.

Hedge Funds Weigh In On Fidelity National Financial

Large investors have recently bought and sold shares of the business. Victory Capital Management Inc. boosted its stake in Fidelity National Financial by 195.2% in the fourth quarter. Victory Capital Management Inc. now owns 4,261,568 shares of the financial services provider’s stock valued at $217,425,000 after acquiring an additional 2,818,001 shares in the last quarter. Confluence Investment Management LLC acquired a new position in Fidelity National Financial in the first quarter valued at $135,347,000. First Eagle Investment Management LLC boosted its stake in Fidelity National Financial by 34.8% in the third quarter. First Eagle Investment Management LLC now owns 5,942,081 shares of the financial services provider’s stock valued at $245,408,000 after acquiring an additional 1,535,401 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Fidelity National Financial by 62.7% in the third quarter. Bank of New York Mellon Corp now owns 3,061,024 shares of the financial services provider’s stock valued at $126,420,000 after acquiring an additional 1,179,506 shares in the last quarter. Finally, Bank of Nova Scotia boosted its stake in Fidelity National Financial by 12,859.1% in the third quarter. Bank of Nova Scotia now owns 875,775 shares of the financial services provider’s stock valued at $36,170,000 after acquiring an additional 869,017 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

NYSE:FNF opened at $49.88 on Tuesday. The firm has a market cap of $13.63 billion, a P/E ratio of 26.12 and a beta of 1.34. The stock has a 50 day moving average of $50.70 and a two-hundred day moving average of $47.73. Fidelity National Financial has a 12 month low of $32.02 and a 12 month high of $53.96. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.52.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.27). Fidelity National Financial had a net margin of 4.40% and a return on equity of 13.91%. The business had revenue of $3.43 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the prior year, the company posted $1.06 earnings per share. On average, analysts expect that Fidelity National Financial will post 4.81 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.85%. The ex-dividend date of this dividend was Thursday, March 14th. Fidelity National Financial’s dividend payout ratio is currently 100.52%.

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.