Fidelity National Financial (NYSE:FNF) Raised to Buy at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial (NYSE:FNF) from a hold rating to a buy rating in a research report report published on Friday morning, Marketbeat Ratings reports. The firm currently has $77.00 target price on the financial services provider’s stock, up from their previous target price of $76.00.

Several other equities research analysts have also recently issued reports on FNF. Barclays raised their target price on shares of Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Truist Financial lifted 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. Finally, Keefe, Bruyette & Woods increased their target price on Fidelity National Financial from $63.00 to $64.00 and gave the company a “market perform” rating in a report on Tuesday, December 10th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $66.60.

Fidelity National Financial Stock Up 1.5 %

Fidelity National Financial stock opened at $56.82 on Friday. Fidelity National Financial has a 12 month low of $46.85 and a 12 month high of $64.83. The stock has a fifty day simple moving average of $59.77 and a two-hundred day simple moving average of $57.54. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The firm has a market cap of $15.55 billion, a price-to-earnings ratio of 20.66 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). The business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. Fidelity National Financial’s quarterly revenue was up 29.7% compared to the same quarter last year. During the same period last year, the firm posted $1.23 EPS. Equities analysts predict that Fidelity National Financial will post 4.57 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.52%. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date was Tuesday, December 17th. Fidelity National Financial’s dividend payout ratio is 72.73%.

Insider Activity at Fidelity National Financial

In other Fidelity National Financial news, Director Sandra Douglass Morgan sold 2,092 shares of Fidelity National Financial stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total transaction of $117,842.36. Following the transaction, the director now 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.20% of the stock is owned by company insiders.

Institutional Trading of Fidelity National Financial

A number of hedge funds and other institutional investors have recently modified their holdings of FNF. TPG GP A LLC bought a new position in Fidelity National Financial in the 2nd quarter worth $83,798,000. Victory Capital Management Inc. lifted its position in shares of Fidelity National Financial by 8.5% in the second quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider’s stock valued at $404,332,000 after acquiring an additional 640,829 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Fidelity National Financial by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,025,159 shares of the financial services provider’s stock worth $498,041,000 after acquiring an additional 289,962 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Fidelity National Financial during the third quarter worth about $11,469,000. Finally, CWA Asset Management Group LLC bought a new stake in Fidelity National Financial during the 3rd quarter valued at approximately $11,100,000. 81.17% of the stock is owned by hedge funds and other institutional investors.

About Fidelity National Financial

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.