Fidelity National Financial, Inc. (NYSE:FNF) Receives Average Rating of "Hold" from Analysts

Shares of Fidelity National Financial, Inc. (NYSE:FNF - Get Free Report) have earned a consensus recommendation of "Hold" from the five brokerages that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $61.80.

A number of research analysts have recently issued reports on the company. Stephens reaffirmed an "overweight" rating and set a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft increased their target price on Fidelity National Financial from $61.00 to $63.00 and gave the company a "hold" rating in a report on Wednesday, August 7th. StockNews.com cut Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Wednesday, July 17th. Keefe, Bruyette & Woods raised their price target on Fidelity National Financial from $58.00 to $63.00 and gave the company a "market perform" rating in a report on Wednesday, September 4th. Finally, Truist Financial lifted their target price on Fidelity National Financial from $62.00 to $64.00 and gave the stock a "buy" rating in a report on Wednesday, August 7th.

Fidelity National Financial Stock Up 0.1 %

Shares of NYSE FNF traded up $0.08 during trading on Friday, reaching $60.94. The company had a trading volume of 2,811,248 shares, compared to its average volume of 1,250,442. The stock has a market cap of $16.65 billion, a PE ratio of 20.05 and a beta of 1.36. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.52. Fidelity National Financial has a 12-month low of $37.10 and a 12-month high of $62.00. The business's 50-day moving average is $56.83 and its 200 day moving average is $52.61.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.27 by ($0.03). The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.20 billion. Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The company's revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.01 earnings per share. As a group, equities analysts forecast that Fidelity National Financial will post 4.53 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a dividend of $0.48 per share. The ex-dividend date is Monday, September 16th. This represents a $1.92 annualized dividend and a yield of 3.15%. Fidelity National Financial's dividend payout ratio is presently 63.16%.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of the firm's stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total value of $103,445.00. Following the transaction, the director now directly owns 13,206 shares of the company's stock, valued at $803,585.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 5.20% of the company's stock.

Institutional Investors Weigh In On Fidelity National Financial

A number of institutional investors have recently made changes to their positions in the stock. Opal Wealth Advisors LLC acquired a new position in shares of Fidelity National Financial in the second quarter valued at approximately $26,000. V Square Quantitative Management LLC acquired a new position in shares of Fidelity National Financial in the fourth quarter valued at approximately $27,000. New Covenant Trust Company N.A. acquired a new position in shares of Fidelity National Financial in the first quarter valued at approximately $30,000. Mather Group LLC. acquired a new position in shares of Fidelity National Financial in the first quarter valued at approximately $31,000. Finally, Covestor Ltd grew its holdings in shares of Fidelity National Financial by 109.0% in the first quarter. Covestor Ltd now owns 581 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 303 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

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.