Keefe, Bruyette & Woods Issues Pessimistic Forecast for Fidelity National Financial (NYSE:FNF) Stock Price

Fidelity National Financial (NYSE:FNF - Free Report) had its target price decreased by Keefe, Bruyette & Woods from $64.00 to $63.00 in a research note published on Wednesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the financial services provider's stock.

Several other equities analysts also recently commented on the company. Truist Financial increased their price target on Fidelity National Financial from $64.00 to $70.00 and gave the company a "buy" rating in a report on Monday, November 11th. Barclays raised their target price on shares of Fidelity National Financial from $56.00 to $59.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a "hold" rating to a "buy" rating and boosted their target price for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $66.40.

Fidelity National Financial Stock Down 0.6 %

Shares of FNF traded down $0.35 during mid-day trading on Wednesday, hitting $55.93. 849,810 shares of the company's stock were exchanged, compared to its average volume of 923,482. The stock has a market cap of $15.30 billion, a price-to-earnings ratio of 20.34 and a beta of 1.36. The firm has a fifty day moving average of $59.51 and a two-hundred day moving average of $57.74. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial has a twelve month low of $46.85 and a twelve month high of $64.83.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its 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 for 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%. Fidelity National Financial's quarterly revenue was up 29.7% on a year-over-year basis. During the same quarter last year, the business earned $1.23 earnings per share. On average, sell-side 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 was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were paid a dividend of $0.50 per share. This is a boost from Fidelity National Financial's previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a yield of 3.58%. The ex-dividend date was Tuesday, December 17th. Fidelity National Financial's dividend payout ratio is presently 69.82%.

Insiders Place Their Bets

In other news, Director Sandra Douglass Morgan sold 2,092 shares of Fidelity National Financial 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 sale, the director now owns 32,386 shares of the company's stock, valued at approximately $1,824,303.38. This trade represents a 6.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.20% of the company's stock.

Institutional Investors Weigh In On Fidelity National Financial

Institutional investors have recently bought and sold shares of the business. ZWJ Investment Counsel Inc. increased its stake 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 acquiring an additional 195 shares during the period. Commerce Bank raised its stake in shares of Fidelity National Financial by 3.5% in 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 boosted its stake 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 in the last quarter. EverSource Wealth Advisors LLC lifted its position in Fidelity National Financial by 13.7% during 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 in the last quarter. Finally, First Horizon Advisors Inc. lifted its position in Fidelity National Financial by 32.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 878 shares of the financial services provider's stock worth $55,000 after buying an additional 216 shares in 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.