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

Fidelity National Financial, Inc. (NYSE:FNF) has received a consensus rating of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $54.20.

FNF has been the topic of several research reports. Keefe, Bruyette & Woods lifted their price target on Fidelity National Financial from $54.00 to $56.00 and gave the company a “market perform” rating in a research report on Thursday, March 21st. Barclays boosted their target price on shares of Fidelity National Financial from $52.00 to $56.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Fidelity National Financial in a research report on Wednesday, January 10th. They issued a “hold” rating on the stock. Finally, Truist Financial lifted their price target on shares of Fidelity National Financial from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, February 23rd.

Insider Activity

In related news, Director Halim Dhanidina sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $50.64, for a total value of $151,920.00. Following the completion of the transaction, the director now directly owns 14,906 shares in the company, valued at approximately $754,839.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Halim Dhanidina sold 3,000 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $50.64, for a total transaction of $151,920.00. Following the sale, the director now directly owns 14,906 shares of the company’s stock, valued at $754,839.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Cary H. Thompson sold 23,410 shares of Fidelity National Financial stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $51.11, for a total value of $1,196,485.10. Following the completion of the sale, the director now owns 40,317 shares of the company’s stock, valued at $2,060,601.87. The disclosure for this sale can be found here. Corporate insiders own 5.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FNF. Baystate Wealth Management LLC grew its position in Fidelity National Financial by 5,300.0% in the 3rd quarter. Baystate Wealth Management LLC now owns 594 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 583 shares during the period. V Square Quantitative Management LLC purchased a new position in shares of Fidelity National Financial in the 4th quarter worth $27,000. VisionPoint Advisory Group LLC boosted its stake in shares of Fidelity National Financial by 107.0% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 737 shares of the financial services provider’s stock worth $30,000 after buying an additional 381 shares during the last quarter. Mather Group LLC. bought a new stake in shares of Fidelity National Financial in the first quarter worth $31,000. Finally, MCF Advisors LLC increased its position in Fidelity National Financial by 116.0% during the first quarter. MCF Advisors LLC now owns 674 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 362 shares during the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Up 0.3 %

Shares of Fidelity National Financial stock opened at $50.56 on Tuesday. The company’s fifty day simple moving average is $50.63 and its two-hundred day simple moving average is $48.01. Fidelity National Financial has a 12-month low of $32.02 and a 12-month high of $53.96. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.52. The company has a market cap of $13.81 billion, a P/E ratio of 26.47 and a beta of 1.34.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.27). The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $2.80 billion. Fidelity National Financial had a return on equity of 13.91% and a net margin of 4.40%. During the same period in the previous year, the company earned $1.06 earnings per share. Research analysts anticipate that Fidelity National Financial will post 4.81 EPS for the current year.

Fidelity National Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.48 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.92 annualized dividend and a dividend yield of 3.80%. Fidelity National Financial’s dividend payout ratio is presently 100.52%.

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.