Analysts Set Fidelity National Financial, Inc. (NYSE:FNF) PT at $63.60

Shares of Fidelity National Financial, Inc. (NYSE:FNF - Get Free Report) have received an average recommendation of "Hold" from the five research firms that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $63.60.

Several research firms have weighed in on FNF. Stephens reissued an "overweight" rating and issued a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. Barclays increased their price target on shares of Fidelity National Financial from $56.00 to $59.00 and gave the company an "equal weight" rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods increased their price target on shares of Fidelity National Financial from $58.00 to $63.00 and gave the company a "market perform" rating in a report on Wednesday, September 4th. Truist Financial increased their target price on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a "hold" rating in a research report on Wednesday, August 7th.

Fidelity National Financial Stock Performance

Shares of FNF stock traded down $0.56 on Wednesday, reaching $62.24. The stock had a trading volume of 1,067,780 shares, compared to its average volume of 1,197,250. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The firm's 50-day moving average is $61.00 and its two-hundred day moving average is $56.34. The firm has a market capitalization of $17.03 billion, a price-to-earnings ratio of 22.58 and a beta of 1.36. Fidelity National Financial has a 12 month low of $45.36 and a 12 month high of $64.83.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.11). The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.32 billion. Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The firm's revenue was up 29.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.23 earnings per share. On average, research analysts expect that Fidelity National Financial will post 4.5 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a dividend of $0.50 per share. This is a positive change from Fidelity National Financial's previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, December 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.21%. Fidelity National Financial's dividend payout ratio (DPR) is currently 69.82%.

Insider Buying and Selling

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the firm's stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total value of $103,445.00. Following the sale, the director now owns 13,206 shares in the company, valued at $803,585.10. This trade represents a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 5.20% of the stock is currently owned by company insiders.

Institutional Trading of Fidelity National Financial

A number of hedge funds have recently added to or reduced their stakes in the stock. ZWJ Investment Counsel Inc. boosted its position in Fidelity National Financial by 1.0% in the third quarter. ZWJ Investment Counsel Inc. now owns 19,740 shares of the financial services provider's stock valued at $1,225,000 after buying an additional 195 shares in the last quarter. Chesley Taft & Associates LLC raised its stake in shares of Fidelity National Financial by 1.9% during the second quarter. Chesley Taft & Associates LLC now owns 10,575 shares of the financial services provider's stock valued at $523,000 after acquiring an additional 200 shares during the last quarter. Commerce Bank raised its stake in shares of Fidelity National Financial by 3.5% during the third quarter. Commerce Bank now owns 5,991 shares of the financial services provider's stock valued at $372,000 after acquiring an additional 200 shares during the last quarter. Intech Investment Management LLC raised its stake in shares of Fidelity National Financial by 1.3% during the second quarter. Intech Investment Management LLC now owns 15,336 shares of the financial services provider's stock valued at $758,000 after acquiring an additional 202 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Fidelity National Financial by 13.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider's stock valued at $87,000 after acquiring an additional 213 shares during the last quarter. Institutional investors and hedge funds own 81.17% of the company's stock.

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.