Fidelity National Financial, Inc. (NYSE:FNF) Receives $70.00 Consensus Target Price from Analysts

Shares of Fidelity National Financial, Inc. (NYSE:FNF) have been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $70.00.

Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods increased their price target on Fidelity National Financial from $69.00 to $70.00 and gave the company an “outperform” rating in a research note on Monday, November 10th. Barclays reissued a “cautious” rating on shares of Fidelity National Financial in a research report on Monday, October 6th. National Bankshares set a $64.00 price target on shares of Fidelity National Financial in a research report on Monday, October 6th. Stephens initiated coverage on shares of Fidelity National Financial in a research note on Friday, November 14th. They issued an “overweight” rating on the stock. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Fidelity National Financial in a research report on Thursday, November 13th.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Daniel D. Lane sold 6,367 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $57.63, for a total value of $366,930.21. Following the transaction, the director directly owned 276,308 shares of the company’s stock, valued at $15,923,630.04. The trade was a 2.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 5.50% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Financial

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Fidelity National Financial by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 27,755,047 shares of the financial services provider’s stock worth $1,555,948,000 after buying an additional 580,133 shares during the period. Windacre Partnership LLC lifted its position in shares of Fidelity National Financial by 31.0% during the 3rd quarter. Windacre Partnership LLC now owns 18,905,100 shares of the financial services provider’s stock valued at $1,143,569,000 after acquiring an additional 4,477,900 shares during the period. State Street Corp boosted its stake in Fidelity National Financial by 0.3% during the third quarter. State Street Corp now owns 9,469,029 shares of the financial services provider’s stock worth $572,782,000 after acquiring an additional 31,318 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Fidelity National Financial by 2.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 9,235,289 shares of the financial services provider’s stock worth $517,730,000 after purchasing an additional 234,288 shares during the period. Finally, Cooke & Bieler LP increased its stake in Fidelity National Financial by 12.3% in the third quarter. Cooke & Bieler LP now owns 5,258,399 shares of the financial services provider’s stock valued at $318,081,000 after purchasing an additional 574,189 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors.

Fidelity National Financial Price Performance

Shares of NYSE:FNF opened at $59.09 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.24 and a current ratio of 0.24. Fidelity National Financial has a 52 week low of $50.61 and a 52 week high of $66.72. The firm has a market cap of $16.02 billion, a PE ratio of 15.00 and a beta of 1.05. The firm’s fifty day moving average is $57.44 and its 200-day moving average is $57.18.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Thursday, July 13th. The financial services provider reported $0.76 earnings per share for the quarter. The business had revenue of $3.17 billion during the quarter. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%. Sell-side analysts predict that Fidelity National Financial will post 6.28 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Wednesday, December 17th. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.50. Fidelity National Financial’s dividend payout ratio (DPR) is 48.37%.

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.