Fidelity National Financial (NYSE:FNF) Lowered to Hold Rating by StockNews.com

StockNews.com lowered shares of Fidelity National Financial (NYSE:FNF - Free Report) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning.

FNF has been the topic of several other research reports. Stephens lifted their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th. Truist Financial lifted their target price on Fidelity National Financial from $64.00 to $70.00 and gave the company a "buy" rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a "hold" rating to a "buy" rating and boosted their price target for the stock from $76.00 to $77.00 in a research note on Friday, January 3rd. Keefe, Bruyette & Woods dropped their target price on Fidelity National Financial from $64.00 to $63.00 and set a "market perform" rating for the company in a report on Wednesday, January 8th. Finally, Barclays upped their price target 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. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $70.40.

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Fidelity National Financial Stock Down 0.7 %

FNF stock traded down $0.45 during midday trading on Tuesday, hitting $62.61. The company's stock had a trading volume of 406,875 shares, compared to its average volume of 1,071,045. The company's fifty day moving average price is $58.29 and its 200 day moving average price is $59.47. Fidelity National Financial has a twelve month low of $46.85 and a twelve month high of $65.65. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a market capitalization of $17.13 billion, a P/E ratio of 13.48 and a beta of 1.31.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its earnings results on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.23 by $0.11. The firm had revenue of $3.62 billion for 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 period last year, the firm earned $0.75 EPS. As a group, equities research analysts predict that Fidelity National Financial will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.50 per share. The ex-dividend date is Monday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.19%. Fidelity National Financial's dividend payout ratio (DPR) is presently 43.01%.

Insider Activity

In other Fidelity National Financial news, Director Halim Dhanidina sold 2,800 shares of the stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $54.85, for a total transaction of $153,580.00. Following the sale, the director now directly owns 16,716 shares of the company's stock, valued at approximately $916,872.60. This trade represents a 14.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sandra Douglass Morgan sold 2,092 shares of Fidelity National Financial stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total value of $117,842.36. Following the transaction, the director now owns 32,386 shares of the company's stock, valued at approximately $1,824,303.38. This represents a 6.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company's stock.

Institutional Investors Weigh In On Fidelity National Financial

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital Performance Advisors LLP acquired a new position in Fidelity National Financial during the 3rd quarter worth about $32,000. Capital Analysts LLC purchased a new position in shares of Fidelity National Financial in the fourth quarter valued at approximately $29,000. Brooklyn Investment Group acquired a new position in shares of Fidelity National Financial in the third quarter valued at approximately $35,000. Parkside Financial Bank & Trust increased its stake in Fidelity National Financial by 50.6% during 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. Finally, Kestra Investment Management LLC acquired a new stake in Fidelity National Financial during the 4th quarter worth approximately $37,000. 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.