Fidelity National Financial, Inc. (NYSE:FNF) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Fidelity National Financial, Inc. (NYSE:FNF) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $54.20.

Several analysts have issued reports on FNF shares. Keefe, Bruyette & Woods increased their target price on Fidelity National Financial from $54.00 to $56.00 and gave the company a “market perform” rating in a research report on Thursday, March 21st. Truist Financial lifted their target price on shares of Fidelity National Financial from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Deutsche Bank Aktiengesellschaft started coverage on shares of Fidelity National Financial in a report on Wednesday, January 10th. They issued a “hold” rating for the company. Finally, Barclays upped their target price on Fidelity National Financial from $52.00 to $56.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th.

Fidelity National Financial Stock Up 1.4 %

Shares of FNF opened at $49.46 on Tuesday. The firm has a fifty day moving average price of $50.79 and a 200-day moving average price of $47.62. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $13.51 billion, a P/E ratio of 25.90 and a beta of 1.34. Fidelity National Financial has a 12-month low of $32.02 and a 12-month high of $53.96.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.27). The company had revenue of $3.43 billion during 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 period last year, the firm earned $1.06 earnings per share. Equities research analysts expect that Fidelity National Financial will post 4.81 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.48 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.92 annualized dividend and a dividend yield of 3.88%. Fidelity National Financial’s dividend payout ratio is presently 100.52%.

Insiders Place Their Bets

In other news, Director Cary H. Thompson sold 23,410 shares of the business’s stock in a transaction that occurred on 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 directly owns 40,317 shares in the company, valued at $2,060,601.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Fidelity National Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in FNF. V Square Quantitative Management LLC acquired a new stake in shares of Fidelity National Financial in the fourth quarter valued at about $27,000. Baystate Wealth Management LLC boosted its holdings in Fidelity National Financial by 5,300.0% in the 3rd quarter. Baystate Wealth Management LLC now owns 594 shares of the financial services provider’s stock worth $25,000 after buying an additional 583 shares during the last quarter. Mather Group LLC. purchased a new stake in Fidelity National Financial during the 1st quarter worth approximately $31,000. MCF Advisors LLC raised its holdings in shares of 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 during the last quarter. Finally, VisionPoint Advisory Group LLC lifted its position in shares of Fidelity National Financial by 107.0% in 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. Hedge funds and other institutional investors 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.