Fidelity National Financial (NYSE:FNF) Hits New 1-Year High - Should You Buy?

Fidelity National Financial, Inc. (NYSE:FNF - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $65.65 and last traded at $65.44, with a volume of 67663 shares. The stock had previously closed at $64.53.

Analyst Ratings Changes

Several research firms have weighed in on FNF. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a "hold" rating to a "buy" rating and lifted their target price for the company from $76.00 to $77.00 in a research note on Friday, January 3rd. Stephens upped their price objective on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, February 24th. Barclays increased their target price on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Monday, February 24th. Truist Financial boosted their price target on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a "buy" rating in a report on Monday, November 11th. Finally, StockNews.com lowered Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Fidelity National Financial has an average 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 $17.26 billion, a price-to-earnings ratio of 13.56 and a beta of 1.31. The firm's 50 day moving average is $58.17 and its 200-day moving average is $59.44. 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 results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, topping analysts' consensus estimates of $1.23 by $0.11. The company had revenue of $3.62 billion during the quarter, compared to analysts' expectations of $3.33 billion. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. During the same quarter in the previous year, the firm earned $0.75 earnings per share. Sell-side analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.17%. Fidelity National Financial's payout ratio is currently 43.01%.

Insider Buying and Selling at Fidelity National Financial

In related news, Director Sandra Douglass Morgan sold 2,092 shares of the business's stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the completion of the transaction, the director now owns 32,386 shares of the company's stock, valued at approximately $1,824,303.38. The trade was a 6.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Halim Dhanidina sold 2,800 shares of the firm's 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. This trade represents a 14.35 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company's stock.

Hedge Funds Weigh In On Fidelity National Financial

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Fidelity National Financial by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 27,054,319 shares of the financial services provider's stock valued at $1,518,829,000 after buying an additional 150,493 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Fidelity National Financial by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,412,888 shares of the financial services provider's stock valued at $472,300,000 after acquiring an additional 387,729 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Fidelity National Financial by 1.2% in the 4th quarter. Victory Capital Management Inc. now owns 8,093,184 shares of the financial services provider's stock worth $454,351,000 after acquiring an additional 98,751 shares during the period. Geode Capital Management LLC grew its holdings in shares of Fidelity National Financial by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 4,497,471 shares of the financial services provider's stock worth $252,037,000 after purchasing an additional 34,634 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Fidelity National Financial by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,385,420 shares of the financial services provider's stock valued at $190,060,000 after purchasing an additional 16,095 shares during the period. 81.17% of the stock is currently owned by institutional investors and hedge funds.

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.