Keefe, Bruyette & Woods Raises Fidelity National Financial (NYSE:FNF) Price Target to $63.00

Fidelity National Financial (NYSE:FNF) had its target price upped by Keefe, Bruyette & Woods from $58.00 to $63.00 in a research report sent to investors on Wednesday, Benzinga reports. The brokerage currently has a market perform rating on the financial services provider’s stock.

A number of other equities analysts have also weighed in on the stock. Stephens reissued an overweight rating and issued a $63.00 price objective on shares of Fidelity National Financial in a research report on Thursday, August 15th. Truist Financial boosted their price target on Fidelity National Financial from $62.00 to $64.00 and gave the company a buy rating in a report on Wednesday, August 7th. StockNews.com cut Fidelity National Financial from a buy rating to a hold rating in a report on Wednesday, July 17th. Finally, 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 note on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Fidelity National Financial has an average rating of Hold and a consensus target price of $61.80.

Fidelity National Financial Stock Performance

NYSE FNF opened at $58.83 on Wednesday. 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 has a fifty-two week low of $37.10 and a fifty-two week high of $60.19. The business has a fifty day moving average of $54.67 and a 200-day moving average of $51.96. The stock has a market cap of $16.07 billion, a price-to-earnings ratio of 19.35 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.03). The company had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.20 billion. Fidelity National Financial had a return on equity of 14.48% and a net margin of 7.19%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.01 EPS. As a group, analysts predict that Fidelity National Financial will post 4.57 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. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.26%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 63.16%.

Institutional Trading of Fidelity National Financial

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Sanctuary Advisors LLC purchased a new stake in Fidelity National Financial during the second quarter valued at about $3,349,000. Cetera Investment Advisers lifted its stake in shares of Fidelity National Financial by 1.3% in the 2nd quarter. Cetera Investment Advisers now owns 45,001 shares of the financial services provider’s stock valued at $2,224,000 after purchasing an additional 584 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Fidelity National Financial during the 2nd quarter worth about $306,000. MBB Public Markets I LLC acquired a new stake in Fidelity National Financial during the 2nd quarter worth approximately $887,000. Finally, APG Asset Management N.V. increased its position in Fidelity National Financial by 499.4% during the 2nd quarter. APG Asset Management N.V. now owns 53,050 shares of the financial services provider’s stock worth $2,446,000 after purchasing an additional 44,200 shares in the last quarter. 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.