Fidelity National Financial (NYSE:FNF) Upgraded at StockNews.com

StockNews.com upgraded shares of Fidelity National Financial (NYSE:FNF) from a hold rating to a buy rating in a report issued on Monday.

A number of other research firms also recently weighed in on FNF. Barclays raised their price target on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Monday. Stephens increased their target price on Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and upped their price target for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Truist Financial boosted their price objective on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Keefe, Bruyette & Woods decreased their target price on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Fidelity National Financial has a consensus rating of “Moderate Buy” and an average price target of $70.40.

Fidelity National Financial Stock Up 0.8 %

Shares of NYSE FNF opened at $59.93 on Monday. The stock has a fifty day moving average price of $57.25 and a 200 day moving average price of $59.11. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial has a 12-month low of $46.85 and a 12-month high of $64.83. The company has a market cap of $16.40 billion, a P/E ratio of 12.89 and a beta of 1.39.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, topping the consensus estimate of $1.23 by $0.11. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same period in the previous year, the company posted $0.75 EPS. Research analysts anticipate that Fidelity National Financial will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend is Monday, March 17th. Fidelity National Financial’s payout ratio is currently 43.01%.

Insider Activity

In other news, Director Sandra Douglass Morgan sold 2,092 shares of the firm’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction 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. This trade represents a 6.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Halim Dhanidina sold 2,800 shares of the stock in a transaction on Friday, January 10th. The shares were 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 $916,872.60. This trade represents a 14.35 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Financial

Hedge funds have recently bought and sold shares of the business. Swedbank AB lifted its position in Fidelity National Financial by 25.1% in the 3rd quarter. Swedbank AB now owns 42,375 shares of the financial services provider’s stock worth $2,630,000 after buying an additional 8,511 shares in the last quarter. Everence Capital Management Inc. bought a new position in Fidelity National Financial during the fourth quarter valued at approximately $621,000. Horizon Kinetics Asset Management LLC raised its holdings in shares of Fidelity National Financial by 35.1% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 58,071 shares of the financial services provider’s stock valued at $3,604,000 after purchasing an additional 15,100 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Fidelity National Financial by 19.8% in the fourth quarter. GAMMA Investing LLC now owns 7,458 shares of the financial services provider’s stock worth $419,000 after purchasing an additional 1,233 shares in the last quarter. Finally, Barclays PLC increased its position in Fidelity National Financial by 4.4% during the third quarter. Barclays PLC now owns 216,755 shares of the financial services provider’s stock worth $13,451,000 after buying an additional 9,146 shares during the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

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.