Fidelity National Financial, Inc. (NYSE:FNF) Given Consensus Rating of “Moderate Buy” by Brokerages

Fidelity National Financial, Inc. (NYSE:FNF) has received a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $66.40.

A number of equities research analysts recently weighed in on FNF shares. Truist Financial boosted their price target 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. 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. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a research note on Wednesday, January 8th.

Fidelity National Financial Trading Up 3.4 %

Shares of NYSE FNF opened at $59.50 on Monday. Fidelity National Financial has a 1-year low of $46.85 and a 1-year high of $64.83. The company has a market cap of $16.28 billion, a PE ratio of 12.80 and a beta of 1.39. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average of $57.25 and a two-hundred day moving average of $59.07.

Fidelity National Financial (NYSE:FNF) last announced its 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 the consensus estimate 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 in the previous year, the firm posted $0.75 earnings per share. As a group, equities analysts expect that Fidelity National Financial will post 6.28 earnings per share for the current fiscal 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 issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date is Monday, March 17th. Fidelity National Financial’s dividend payout ratio is currently 43.01%.

Insider Activity at Fidelity National Financial

In related news, Director Sandra Douglass Morgan sold 2,092 shares of the business’s stock in a transaction that occurred on Tuesday, December 24th. The shares were 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 in the company, valued at approximately $1,824,303.38. The trade was a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Halim Dhanidina sold 2,800 shares of the company’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 transaction of $153,580.00. Following the completion of the transaction, the director now owns 16,716 shares of the company’s stock, 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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Capital Performance Advisors LLP acquired a new position in shares of Fidelity National Financial in the third quarter valued at approximately $32,000. Capital Analysts LLC acquired 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 boosted its holdings in shares of Fidelity National Financial by 50.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock valued at $35,000 after buying an additional 209 shares during the period. Finally, Kestra Investment Management LLC acquired a new position in shares of Fidelity National Financial in the fourth quarter valued at 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.