Fidelity National Financial (NYSE:FNF) Hits New 52-Week High - What's Next?

Fidelity National Financial, Inc. (NYSE:FNF - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $66.14 and last traded at $65.31, with a volume of 461054 shares trading hands. The stock had previously closed at $65.08.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on FNF shares. Keefe, Bruyette & Woods lowered their price objective on shares of Fidelity National Financial from $64.00 to $63.00 and set a "market perform" rating on the stock in a report on Wednesday, January 8th. StockNews.com cut shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a "hold" rating to a "buy" rating and lifted their price target for the company from $76.00 to $77.00 in a research note on Friday, January 3rd. Stephens raised their target price on Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, February 24th. Finally, Barclays lifted their target price on Fidelity National Financial from $61.00 to $67.00 and gave the company an "equal weight" rating in a research report on Monday, February 24th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $70.40.

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Fidelity National Financial Stock Performance

The firm has a market cap of $16.54 billion, a PE ratio of 12.93 and a beta of 1.09. 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 company has a 50-day simple moving average of $61.39 and a two-hundred day simple moving average of $60.24.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.11. The company had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.33 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. During the same quarter in the prior year, the business earned $0.75 earnings per share. As a group, equities research analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.33%. Fidelity National Financial's payout ratio is currently 43.01%.

Insider Activity at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 2,800 shares of the business's stock in a transaction on Friday, January 10th. The stock was sold at an average price of $54.85, for a total value of $153,580.00. Following 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 filing with the SEC, which is available through the SEC website. 5.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FNF. Chesley Taft & Associates LLC lifted its holdings in Fidelity National Financial by 1.2% during the fourth quarter. Chesley Taft & Associates LLC now owns 16,686 shares of the financial services provider's stock valued at $937,000 after purchasing an additional 200 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of Fidelity National Financial by 0.3% during the 4th quarter. Louisiana State Employees Retirement System now owns 72,200 shares of the financial services provider's stock valued at $4,053,000 after buying an additional 200 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in Fidelity National Financial by 50.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider's stock worth $35,000 after buying an additional 209 shares during the period. Essex Financial Services Inc. grew its stake in Fidelity National Financial by 5.3% in the 4th quarter. Essex Financial Services Inc. now owns 4,206 shares of the financial services provider's stock valued at $236,000 after buying an additional 211 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in Fidelity National Financial by 19.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider's stock valued at $75,000 after acquiring an additional 223 shares during the period. 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.