Fidelity National Financial, Inc. (NYSE:FNF) Receives $70.40 Average PT from Analysts

Shares of Fidelity National Financial, Inc. (NYSE:FNF - Get Free Report) have been assigned an average rating of "Moderate Buy" from the five brokerages that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $70.40.

A number of equities research analysts have weighed in on FNF shares. Barclays lifted their price objective on Fidelity National Financial from $61.00 to $67.00 and gave the company an "equal weight" rating in a report on Monday, February 24th. Deutsche Bank Aktiengesellschaft upgraded 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. StockNews.com cut shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Stephens raised their price target on Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, February 24th. Finally, Keefe, Bruyette & Woods reduced their price objective 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.

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Insider Activity at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 2,800 shares of the company's 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 of the company's stock, valued at approximately $916,872.60. This represents a 14.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sandra Douglass Morgan sold 2,092 shares of the stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total value of $117,842.36. Following the completion of the sale, the director now owns 32,386 shares of the company's stock, valued at $1,824,303.38. This trade 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

A number of hedge funds and other institutional investors have recently made changes to their positions in FNF. Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of Fidelity National Financial during the fourth quarter worth about $276,000. Siemens Fonds Invest GmbH bought a new stake in Fidelity National Financial in the 4th quarter valued at approximately $63,000. Virtue Capital Management LLC boosted its position in Fidelity National Financial by 4.9% during the 4th quarter. Virtue Capital Management LLC now owns 16,621 shares of the financial services provider's stock worth $933,000 after acquiring an additional 779 shares during the last quarter. Ameriflex Group Inc. bought a new position in shares of Fidelity National Financial during the 4th quarter worth approximately $2,135,000. Finally, Mackenzie Financial Corp grew its stake in shares of Fidelity National Financial by 34.8% during the 4th quarter. Mackenzie Financial Corp now owns 270,415 shares of the financial services provider's stock worth $15,181,000 after acquiring an additional 69,771 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Stock Performance

FNF stock traded up $0.76 on Friday, reaching $65.05. 1,379,777 shares of the company were exchanged, compared to its average volume of 1,020,618. The firm has a market capitalization of $17.89 billion, a PE ratio of 13.99 and a beta of 1.32. Fidelity National Financial has a 12 month low of $46.85 and a 12 month high of $65.65. The stock's fifty day moving average price is $59.07 and its 200 day moving average price is $59.69. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $3.62 billion during the quarter, compared to analysts' expectations of $3.33 billion. During the same quarter last year, the company earned $0.75 earnings per share. On average, research analysts anticipate that Fidelity National Financial will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend is Monday, March 17th. Fidelity National Financial's dividend payout ratio (DPR) is presently 43.01%.

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.