Fidelity National Financial, Inc. (NYSE:FNF) Receives Consensus Rating of "Moderate Buy" from Analysts

Shares of Fidelity National Financial, Inc. (NYSE:FNF - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the five ratings firms that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $66.40.

Several equities research analysts have recently issued reports on the company. Truist Financial raised their target price on Fidelity National Financial from $64.00 to $70.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Barclays increased their target price on Fidelity National Financial from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods reduced their price target on 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. Finally, Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a "hold" rating to a "buy" rating and increased their price objective for the stock from $76.00 to $77.00 in a report on Friday, January 3rd.

Fidelity National Financial Stock Down 1.4 %

Shares of FNF stock traded down $0.80 on Thursday, reaching $57.61. 637,400 shares of the company were exchanged, compared to its average volume of 978,281. 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 has a one year low of $46.85 and a one year high of $64.83. The company has a 50-day moving average of $58.87 and a 200-day moving average of $58.29. The company has a market cap of $15.76 billion, a price-to-earnings ratio of 20.95 and a beta of 1.38.

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 (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $3.32 billion. During the same quarter last year, the firm posted $1.23 EPS. Fidelity National Financial's revenue for the quarter was up 29.7% on a year-over-year basis. Analysts anticipate that Fidelity National Financial will post 4.57 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.47%. This is a boost from Fidelity National Financial's previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Tuesday, December 17th. Fidelity National Financial's dividend payout ratio is presently 72.73%.

Insider Buying and Selling

In other news, 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 directly owns 16,716 shares in the company, valued at $916,872.60. The trade was a 14.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Sandra Douglass Morgan sold 2,092 shares of Fidelity National Financial stock in a transaction on 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 directly owns 32,386 shares of the company's stock, valued at $1,824,303.38. The trade was a 6.07 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Fidelity National Financial

Institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC purchased a new stake in shares of Fidelity National Financial in the second quarter worth $1,305,000. Intech Investment Management LLC increased its position in Fidelity National Financial by 1.3% in the second quarter. Intech Investment Management LLC now owns 15,336 shares of the financial services provider's stock worth $758,000 after purchasing an additional 202 shares during the last quarter. Sei Investments Co. raised its stake in Fidelity National Financial by 1,051.5% during the second quarter. Sei Investments Co. now owns 131,186 shares of the financial services provider's stock valued at $6,483,000 after purchasing an additional 119,793 shares in the last quarter. Ensign Peak Advisors Inc lifted its position in Fidelity National Financial by 6.8% during the second quarter. Ensign Peak Advisors Inc now owns 175,150 shares of the financial services provider's stock valued at $8,656,000 after purchasing an additional 11,180 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Fidelity National Financial by 13.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider's stock worth $87,000 after buying an additional 213 shares during the last quarter. Hedge funds and other institutional investors 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.