Fidelity National Financial (NYSE:FNF) Price Target Raised to $67.00

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

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

Fidelity National Financial Price Performance

Shares of NYSE FNF opened at $61.56 on Monday. 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 company has a market cap of $16.85 billion, a price-to-earnings ratio of 13.24 and a beta of 1.39. The stock’s 50-day moving average is $57.43 and its two-hundred day moving average is $59.17. Fidelity National Financial has a 1-year low of $46.85 and a 1-year high of $64.83.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. 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 prior year, the firm earned $0.75 earnings per share. Analysts forecast that Fidelity National Financial will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Monday, March 17th. Fidelity National Financial’s payout ratio is currently 43.01%.

Insider Activity at Fidelity National Financial

In other news, Director Sandra Douglass Morgan sold 2,092 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 32,386 shares of the company’s stock, valued at approximately $1,824,303.38. This represents a 6.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial stock in a transaction that occurred 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 sale, the director now owns 16,716 shares in the company, valued at approximately $916,872.60. This trade represents a 14.35 % 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 insiders.

Institutional Investors Weigh In On Fidelity National Financial

Hedge funds and other institutional investors have recently bought and sold shares of the business. Swedbank AB lifted its stake in shares of Fidelity National Financial by 25.1% in the third quarter. Swedbank AB now owns 42,375 shares of the financial services provider’s stock valued at $2,630,000 after purchasing an additional 8,511 shares during the period. Everence Capital Management Inc. purchased a new stake in shares of Fidelity National Financial during the 4th quarter worth approximately $621,000. Horizon Kinetics Asset Management LLC grew its holdings in shares of Fidelity National Financial by 35.1% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 58,071 shares of the financial services provider’s stock worth $3,604,000 after acquiring an additional 15,100 shares during the period. GAMMA Investing LLC raised its holdings in Fidelity National Financial by 19.8% during 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 during the last quarter. Finally, Barclays PLC raised its holdings 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 purchasing an additional 9,146 shares during the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

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.