Barclays Forecasts Strong Price Appreciation for Fidelity National Financial (NYSE:FNF) Stock

Fidelity National Financial (NYSE:FNF) had its target price boosted by Barclays from $61.00 to $67.00 in a research note published on Monday,Benzinga reports. Barclays currently has an equal weight rating on the financial services provider’s stock.

A number of other equities research analysts also recently issued reports on the stock. Stephens boosted their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a report on Monday. Keefe, Bruyette & Woods dropped their price objective on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and lifted their target price for the company from $76.00 to $77.00 in a report on Friday, January 3rd. Finally, Truist Financial raised their price objective on Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Fidelity National Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.40.

Fidelity National Financial Price Performance

Fidelity National Financial stock opened at $61.56 on Monday. The stock has a market capitalization of $16.85 billion, a P/E ratio of 13.24 and a beta of 1.39. Fidelity National Financial has a 12-month low of $46.85 and a 12-month high of $64.83. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The firm’s 50-day moving average is $57.43 and its two-hundred day moving average is $59.17.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.33 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. During the same quarter last year, the business earned $0.75 earnings per share. Equities analysts predict that Fidelity National Financial will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 3.25%. Fidelity National Financial’s dividend payout ratio is presently 43.01%.

Insider Activity

In related news, Director Sandra Douglass Morgan sold 2,092 shares of the business’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total value of $117,842.36. Following the completion of the sale, the director now directly owns 32,386 shares of the company’s stock, valued at $1,824,303.38. The trade was a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $54.85, for a total value of $153,580.00. Following the completion of the transaction, the director now owns 16,716 shares of the company’s stock, valued at approximately $916,872.60. The trade was a 14.35 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Financial

Institutional investors and hedge funds have recently bought and sold shares of the business. Capital Analysts LLC acquired a new stake in shares of Fidelity National Financial during the 4th quarter worth approximately $29,000. Capital Performance Advisors LLP acquired a new stake in Fidelity National Financial in the third quarter worth $32,000. Brooklyn Investment Group bought a new stake in Fidelity National Financial in the third quarter valued at $35,000. Parkside Financial Bank & Trust boosted its holdings in shares of Fidelity National Financial by 50.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 209 shares during the period. Finally, Kestra Investment Management LLC bought a new position in shares of Fidelity National Financial during the fourth quarter worth about $37,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

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.