Fidelity National Financial (NYSE:FNF) Price Target Raised to $70.00

Fidelity National Financial (NYSE:FNF) had its target price increased by Keefe, Bruyette & Woods from $69.00 to $70.00 in a research report report published on Monday morning,Benzinga reports. The firm currently has an outperform rating on the financial services provider’s stock.

FNF has been the subject of a number of other research reports. National Bankshares set a $64.00 target price on Fidelity National Financial in a research report on Monday, October 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Fidelity National Financial in a report on Wednesday, October 8th. Finally, Barclays restated a “cautious” rating on shares of Fidelity National Financial in a report on Monday, October 6th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $70.00.

Fidelity National Financial Price Performance

Shares of FNF opened at $58.48 on Monday. Fidelity National Financial has a twelve month low of $50.61 and a twelve month high of $66.72. The company has a market capitalization of $15.89 billion, a P/E ratio of 14.84 and a beta of 1.05. The firm has a 50 day moving average of $57.78 and a 200 day moving average of $57.43. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Thursday, July 13th. The financial services provider reported $0.76 EPS for the quarter. The business had revenue of $3.17 billion for the quarter. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%. As a group, equities research analysts anticipate that Fidelity National Financial will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, December 17th. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.6%. Fidelity National Financial’s payout ratio is 48.37%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FNF. Norges Bank bought a new stake in shares of Fidelity National Financial during the 2nd quarter valued at $189,685,000. Nuveen LLC purchased a new position in Fidelity National Financial during the first quarter valued at $178,433,000. First Trust Advisors LP grew its holdings in Fidelity National Financial by 252.4% during the second quarter. First Trust Advisors LP now owns 3,379,555 shares of the financial services provider’s stock valued at $189,458,000 after purchasing an additional 2,420,421 shares during the period. Millennium Management LLC increased its position in Fidelity National Financial by 93.3% in the first quarter. Millennium Management LLC now owns 3,764,086 shares of the financial services provider’s stock worth $244,967,000 after buying an additional 1,817,124 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in Fidelity National Financial by 368.3% in the second quarter. Alliancebernstein L.P. now owns 1,770,685 shares of the financial services provider’s stock worth $99,265,000 after buying an additional 1,392,560 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors.

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.