Barclays Cuts Fidelity National Financial (NYSE:FNF) Price Target to $63.00

Fidelity National Financial (NYSE:FNF) had its price objective decreased by Barclays from $64.00 to $63.00 in a research note published on Tuesday morning,Benzinga reports. Barclays currently has an equal weight rating on the financial services provider’s stock.

A number of other brokerages also recently weighed in on FNF. Wall Street Zen upgraded Fidelity National Financial from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. National Bankshares set a $63.00 price target on Fidelity National Financial in a report on Tuesday. Weiss Ratings reissued a “buy (b-)” rating on shares of Fidelity National Financial in a research report on Monday, December 29th. Stephens assumed coverage on Fidelity National Financial in a research note on Friday, November 14th. They issued an “overweight” rating for the company. Finally, Keefe, Bruyette & Woods raised their target price on Fidelity National Financial from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $68.25.

Fidelity National Financial Stock Performance

NYSE FNF opened at $54.95 on Tuesday. The company has a fifty day moving average price of $56.85 and a 200-day moving average price of $57.37. The firm has a market cap of $15.45 billion, a price-to-earnings ratio of 13.25 and a beta of 1.00. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.25 and a quick ratio of 0.25. Fidelity National Financial has a 1 year low of $50.61 and a 1 year high of $66.72.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Thursday, July 13th. The financial services provider reported $0.76 earnings per share for the quarter. Fidelity National Financial had a net margin of 8.34% and a return on equity of 15.06%. The company had revenue of $3.17 billion for the quarter. As a group, equities research analysts predict that Fidelity National Financial will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Wednesday, December 17th. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.50. Fidelity National Financial’s dividend payout ratio is currently 50.12%.

Insider Activity

In other Fidelity National Financial news, Director Daniel D. Lane sold 6,367 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $57.63, for a total transaction of $366,930.21. Following the completion of the transaction, the director owned 276,308 shares in the company, valued at $15,923,630.04. This trade represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Halim Dhanidina sold 6,000 shares of Fidelity National Financial stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $55.90, for a total transaction of $335,400.00. Following the completion of the transaction, the director owned 13,186 shares of the company’s stock, valued at $737,097.40. The trade was a 31.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 5.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC raised its holdings in Fidelity National Financial by 9.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 77,626 shares of the financial services provider’s stock valued at $4,403,000 after acquiring an additional 6,918 shares during the period. NorthCrest Asset Manangement LLC boosted its holdings in shares of Fidelity National Financial by 10.3% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 11,583 shares of the financial services provider’s stock worth $645,000 after acquiring an additional 1,082 shares during the period. Nordea Investment Management AB grew its position in shares of Fidelity National Financial by 10.1% in the fourth quarter. Nordea Investment Management AB now owns 25,431 shares of the financial services provider’s stock valued at $1,396,000 after purchasing an additional 2,323 shares in the last quarter. Board of the Pension Protection Fund raised its stake in shares of Fidelity National Financial by 330.8% during the 4th quarter. Board of the Pension Protection Fund now owns 28,000 shares of the financial services provider’s stock valued at $1,529,000 after purchasing an additional 21,500 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Fidelity National Financial by 3.4% during the 4th quarter. GAMMA Investing LLC now owns 12,200 shares of the financial services provider’s stock valued at $666,000 after purchasing an additional 402 shares during the period. 81.17% of the stock is owned by institutional investors.

Fidelity National Financial Company Profile

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.