Fidelity National Financial, Inc. (NYSE:FNF) Receives $63.80 Average Target Price from Brokerages

Fidelity National Financial, Inc. (NYSE:FNF - Get Free Report) has been given an average rating of "Hold" by the five brokerages that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $63.80.

Several equities research analysts have recently commented on the company. Truist Financial boosted their price target 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. Keefe, Bruyette & Woods lifted their price objective on Fidelity National Financial from $63.00 to $64.00 and gave the stock a "market perform" rating in a report on Tuesday, December 10th. Finally, Barclays upped their target price on Fidelity National Financial from $56.00 to $59.00 and gave the company an "equal weight" rating in a report on Tuesday, October 8th.

Fidelity National Financial Price Performance

Fidelity National Financial stock traded down $0.68 during midday trading on Friday, reaching $56.32. The company's stock had a trading volume of 553,429 shares, compared to its average volume of 1,190,646. The firm has a market capitalization of $15.41 billion, a PE ratio of 20.48 and a beta of 1.36. Fidelity National Financial has a fifty-two week low of $46.85 and a fifty-two week high of $64.83. The stock's 50 day simple moving average is $60.19 and its 200 day simple moving average is $57.40. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.11). Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same quarter last year, the business earned $1.23 EPS. The firm's revenue for the quarter was up 29.7% on a year-over-year basis. On average, equities research analysts forecast that Fidelity National Financial will post 4.57 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend is Tuesday, December 17th. This is a boost from Fidelity National Financial's previous quarterly dividend of $0.48. Fidelity National Financial's dividend payout ratio is 72.73%.

Insiders Place Their Bets

In other news, Director Sandra Douglass Morgan sold 2,092 shares of Fidelity National Financial stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total transaction of $117,842.36. Following the completion of the sale, the director now directly owns 32,386 shares in the company, 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 filing with the SEC, which is available through the SEC website. 5.20% of the stock is currently owned by company insiders.

Institutional Trading of Fidelity National Financial

Several hedge funds and other institutional investors have recently bought and sold shares of FNF. Capital Performance Advisors LLP purchased a new stake in Fidelity National Financial in the 3rd quarter valued at about $32,000. International Assets Investment Management LLC acquired a new stake in shares of Fidelity National Financial in the second quarter worth approximately $35,000. Brooklyn Investment Group purchased a new stake in Fidelity National Financial in the third quarter valued at approximately $35,000. True Wealth Design LLC acquired a new position in Fidelity National Financial during the third quarter worth approximately $41,000. Finally, UMB Bank n.a. raised its stake in Fidelity National Financial by 280.6% during the third quarter. UMB Bank n.a. now owns 685 shares of the financial services provider's stock worth $43,000 after purchasing an additional 505 shares during the period. 81.17% of the stock is owned by hedge funds and other 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.