Fidelity National Financial (NYSE:FNF) Reaches New 1-Year High at $57.06

Fidelity National Financial, Inc. (NYSE:FNF)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $57.06 and last traded at $56.79, with a volume of 43854 shares changing hands. The stock had previously closed at $56.45.

Analyst Upgrades and Downgrades

A number of analysts recently commented on FNF shares. Stephens reiterated an “overweight” rating and issued a $63.00 target price on shares of Fidelity National Financial in a research note on Thursday. StockNews.com lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft upped their target price on Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $53.00 price target on shares of Fidelity National Financial in a research report on Tuesday, August 6th. 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 report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Fidelity National Financial has an average rating of “Hold” and an average target price of $59.80.

Fidelity National Financial Trading Up 1.0 %

The stock has a market cap of $15.59 billion, a PE ratio of 18.56 and a beta of 1.35. The company’s fifty day moving average is $51.69 and its 200-day moving average is $51.16. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.21 and a quick ratio of 0.21.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.03). Fidelity National Financial had a net margin of 6.55% and a return on equity of 14.24%. The company had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the previous year, the business posted $1.01 EPS. The business’s quarterly revenue was up 2.9% on a year-over-year basis. On average, analysts predict that Fidelity National Financial, Inc. will post 4.58 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date of this dividend is Monday, September 16th. Fidelity National Financial’s payout ratio is presently 63.16%.

Insiders Place Their Bets

In other news, CFO Anthony Park sold 85,000 shares of Fidelity National Financial stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $50.82, for a total transaction of $4,319,700.00. Following the completion of the transaction, the chief financial officer now directly owns 99,049 shares of the company’s stock, valued at approximately $5,033,670.18. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Financial

A number of institutional investors have recently modified their holdings of FNF. Nomura Asset Management Co. Ltd. boosted its position in Fidelity National Financial by 0.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 66,445 shares of the financial services provider’s stock worth $3,390,000 after purchasing an additional 196 shares in the last quarter. Chesley Taft & Associates LLC raised its stake in shares of Fidelity National Financial by 1.9% during the 2nd quarter. Chesley Taft & Associates LLC now owns 10,575 shares of the financial services provider’s stock worth $523,000 after buying an additional 200 shares during the period. Intech Investment Management LLC raised its stake in shares of Fidelity National Financial by 1.3% during the 2nd quarter. Intech Investment Management LLC now owns 15,336 shares of the financial services provider’s stock worth $758,000 after buying an additional 202 shares during the period. GAMMA Investing LLC lifted its position in shares of Fidelity National Financial by 10.6% during the 1st quarter. GAMMA Investing LLC now owns 2,155 shares of the financial services provider’s stock valued at $114,000 after buying an additional 207 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Fidelity National Financial by 13.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 213 shares during the period. 81.17% of the stock is currently owned by institutional investors and hedge funds.

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.