Brokerages Set Fidelity National Financial, Inc. (NYSE:FNF) Target Price at $55.80

Shares of Fidelity National Financial, Inc. (NYSE:FNFGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $55.80.

Several equities analysts have weighed in on FNF shares. Keefe, Bruyette & Woods dropped their price target on Fidelity National Financial from $56.00 to $55.00 and set a “market perform” rating for the company in a research report on Monday, May 13th. Stephens raised their price target on Fidelity National Financial from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, May 10th. Barclays raised their price target on Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Finally, Truist Financial raised their price target on Fidelity National Financial from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd.

View Our Latest Research Report on FNF

Insider Activity

In other Fidelity National Financial news, Director Halim Dhanidina sold 3,000 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $50.64, for a total transaction of $151,920.00. Following the completion of the sale, the director now owns 14,906 shares of the company’s stock, valued at $754,839.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Fidelity National Financial news, Director Halim Dhanidina sold 3,000 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $50.64, for a total transaction of $151,920.00. Following the completion of the sale, the director now owns 14,906 shares of the company’s stock, valued at $754,839.84. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Cary H. Thompson sold 23,410 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $51.11, for a total value of $1,196,485.10. Following the sale, the director now directly owns 40,317 shares of the company’s stock, valued at approximately $2,060,601.87. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. V Square Quantitative Management LLC acquired a new position in shares of Fidelity National Financial in the fourth quarter worth about $27,000. New Covenant Trust Company N.A. acquired a new position in shares of Fidelity National Financial in the first quarter worth about $30,000. Covestor Ltd lifted its stake in shares of Fidelity National Financial by 109.0% in the first quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 303 shares in the last quarter. Salomon & Ludwin LLC lifted its stake in shares of Fidelity National Financial by 231.0% in the first quarter. Salomon & Ludwin LLC now owns 609 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 425 shares in the last quarter. Finally, Mather Group LLC. acquired a new position in shares of Fidelity National Financial in the first quarter worth about $31,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $51.16 on Friday. The stock has a fifty day moving average price of $50.91 and a 200 day moving average price of $49.43. The stock has a market cap of $13.98 billion, a PE ratio of 16.83 and a beta of 1.33. Fidelity National Financial has a 1 year low of $33.61 and a 1 year high of $53.96. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.21 and a current ratio of 0.21.

Fidelity National Financial (NYSE:FNFGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.08). The firm had revenue of $3.30 billion for the quarter, compared to analyst estimates of $2.72 billion. Fidelity National Financial had a return on equity of 14.24% and a net margin of 6.55%. The business’s revenue for the quarter was up 33.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.52 earnings per share. Sell-side analysts forecast that Fidelity National Financial will post 4.73 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend is Friday, June 14th. Fidelity National Financial’s dividend payout ratio is currently 63.16%.

Fidelity National Financial Company Profile

(Get Free Report

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.

Read More

Analyst Recommendations for Fidelity National Financial (NYSE:FNF)

Receive News & Ratings for Fidelity National Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Financial and related companies with MarketBeat.com's FREE daily email newsletter.