Analysts Set Fidelity National Financial, Inc. (NYSE:FNF) Target Price at $54.20

Fidelity National Financial, Inc. (NYSE:FNF) has received a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $54.20.

Several equities analysts have recently commented on FNF shares. Deutsche Bank Aktiengesellschaft started coverage on Fidelity National Financial in a research note on Wednesday, January 10th. They set a “hold” rating on the stock. Barclays lifted their target price 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. Keefe, Bruyette & Woods lifted their target price on Fidelity National Financial from $54.00 to $56.00 and gave the company a “market perform” rating in a research note on Thursday, March 21st. Finally, Truist Financial lifted their target price on Fidelity National Financial from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, February 23rd.

Fidelity National Financial Stock Performance

Shares of Fidelity National Financial stock opened at $50.39 on Tuesday. The firm has a market cap of $13.77 billion, a P/E ratio of 26.38 and a beta of 1.34. 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 has a 12 month low of $32.02 and a 12 month high of $53.96. The stock’s fifty day moving average price is $50.66 and its 200-day moving average price is $47.87.

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

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.81%. The ex-dividend date of this dividend was Thursday, March 14th. Fidelity National Financial’s dividend payout ratio is presently 100.52%.

Insiders Place Their Bets

In other Fidelity National Financial news, Director Cary H. Thompson sold 23,410 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now owns 40,317 shares of the company’s stock, valued at $2,060,601.87. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 5.40% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Financial

Institutional investors and hedge funds have recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in shares of Fidelity National Financial during the fourth quarter worth about $27,000. Baystate Wealth Management LLC raised its position in Fidelity National Financial by 5,300.0% during the third quarter. Baystate Wealth Management LLC now owns 594 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 583 shares in the last quarter. Mather Group LLC. purchased a new position in Fidelity National Financial during the first quarter valued at approximately $31,000. MCF Advisors LLC raised its position in Fidelity National Financial by 116.0% during the first quarter. MCF Advisors LLC now owns 674 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 362 shares in the last quarter. Finally, VisionPoint Advisory Group LLC raised its position in Fidelity National Financial by 107.0% during the third quarter. VisionPoint Advisory Group LLC now owns 737 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 381 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

About Fidelity National Financial

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.