Fidelity National Financial (NYSE:FNF) Stock Price Expected to Rise, Stephens Analyst Says

Fidelity National Financial (NYSE:FNF) had its target price hoisted by Stephens from $68.00 to $75.00 in a research report released on Monday morning,Benzinga reports. They currently have an overweight rating on the financial services provider’s stock.

Other equities research analysts have also recently issued reports about the company. Keefe, Bruyette & Woods lowered their target price on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 8th. Truist Financial lifted their target price on Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and lifted their target price for the stock from $76.00 to $77.00 in a research note on Friday, January 3rd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $70.40.

Fidelity National Financial Price Performance

FNF opened at $59.93 on Monday. The company has a market capitalization of $16.40 billion, a price-to-earnings ratio of 12.89 and a beta of 1.39. Fidelity National Financial has a 1 year low of $46.85 and a 1 year 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 fifty day moving average price is $57.25 and its two-hundred day moving average price is $59.11.

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

Fidelity National Financial Dividend Announcement

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

Insider Activity at Fidelity National Financial

In other news, Director Halim Dhanidina sold 2,800 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $54.85, for a total transaction of $153,580.00. Following the sale, the director now directly owns 16,716 shares in the company, valued at $916,872.60. This represents a 14.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Sandra Douglass Morgan sold 2,092 shares of the company’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total value of $117,842.36. Following the sale, the director now owns 32,386 shares in the company, valued at approximately $1,824,303.38. This represents a 6.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Fidelity National Financial

Several hedge funds and other institutional investors have recently modified their holdings of FNF. Norges Bank bought a new stake in shares of Fidelity National Financial during the fourth quarter valued at about $158,386,000. Invesco Ltd. increased its position in shares of Fidelity National Financial by 53.3% during the fourth quarter. Invesco Ltd. now owns 2,199,684 shares of the financial services provider’s stock valued at $123,490,000 after buying an additional 764,958 shares during the period. Hsbc Holdings PLC increased its position in shares of Fidelity National Financial by 99.0% during the fourth quarter. Hsbc Holdings PLC now owns 1,437,460 shares of the financial services provider’s stock valued at $80,689,000 after buying an additional 715,070 shares during the period. AQR Capital Management LLC increased its position in shares of Fidelity National Financial by 135.8% during the fourth quarter. AQR Capital Management LLC now owns 1,167,485 shares of the financial services provider’s stock valued at $65,543,000 after buying an additional 672,323 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Fidelity National Financial during the fourth quarter valued at about $33,103,000. 81.17% of the stock is currently owned by 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.