Fidelity National Financial (NYSE:FNF) Upgraded at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial (NYSE:FNF - Free Report) from a hold rating to a buy rating in a report issued on Friday, MarketBeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has $77.00 price target on the financial services provider's stock, up from their prior price target of $76.00.

Several other research firms have also recently issued reports on FNF. Keefe, Bruyette & Woods boosted their target price on shares of Fidelity National Financial from $63.00 to $64.00 and gave the company a "market perform" rating in a research note on Tuesday, December 10th. 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 note on Monday, November 11th. Finally, Barclays lifted their price target on 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. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Fidelity National Financial presently has a consensus rating of "Moderate Buy" and an average target price of $66.60.

Fidelity National Financial Stock Performance

Shares of NYSE:FNF traded up $0.84 during midday trading on Friday, reaching $56.82. The company's stock had a trading volume of 1,070,507 shares, compared to its average volume of 917,203. 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 stock has a fifty day moving average of $59.77 and a 200 day moving average of $57.54. Fidelity National Financial has a twelve month low of $46.85 and a twelve month high of $64.83. The firm has a market capitalization of $15.55 billion, a PE ratio of 20.66 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its earnings results 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 return on equity of 13.72% and a net margin of 5.57%. The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same period last year, the business earned $1.23 earnings per share. The firm's revenue was up 29.7% on a year-over-year basis. On average, equities analysts expect that Fidelity National Financial will post 4.57 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend was Tuesday, December 17th. This is an increase from Fidelity National Financial's previous quarterly dividend of $0.48. Fidelity National Financial's dividend payout ratio is 72.73%.

Insider Buying and Selling

In related news, Director Sandra Douglass Morgan sold 2,092 shares of the 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 transaction, the director now directly owns 32,386 shares of the company's stock, valued at approximately $1,824,303.38. This represents a 6.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Fidelity National Financial

A number of large investors have recently modified their holdings of the business. Everence Capital Management Inc. acquired a new position in shares of Fidelity National Financial during the 4th quarter worth approximately $621,000. GAMMA Investing LLC lifted its position in Fidelity National Financial by 19.8% during the fourth quarter. GAMMA Investing LLC now owns 7,458 shares of the financial services provider's stock worth $419,000 after buying an additional 1,233 shares in the last quarter. Versant Capital Management Inc boosted its stake in Fidelity National Financial by 17.1% during the fourth quarter. Versant Capital Management Inc now owns 1,729 shares of the financial services provider's stock worth $97,000 after buying an additional 252 shares during the last quarter. Tidal Investments LLC grew its holdings in Fidelity National Financial by 38.9% in the 3rd quarter. Tidal Investments LLC now owns 6,756 shares of the financial services provider's stock valued at $419,000 after buying an additional 1,892 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Fidelity National Financial in the 3rd quarter worth $672,000. Hedge funds and other institutional investors own 81.17% of the company's stock.

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.