Keefe, Bruyette & Woods Issues Positive Forecast for Fidelity National Financial (NYSE:FNF) Stock Price

Fidelity National Financial (NYSE:FNF) had its price objective hoisted by Keefe, Bruyette & Woods from $70.00 to $71.00 in a research report released on Monday,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the financial services provider’s stock.

Other equities research analysts have also recently issued reports about the company. Stephens began coverage on Fidelity National Financial in a research note on Friday, November 14th. They issued an “overweight” rating on the stock. Wall Street Zen downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Monday, January 26th. National Bank Financial set a $71.00 price target on shares of Fidelity National Financial in a research note on Monday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Fidelity National Financial in a report on Monday, December 29th. Finally, Barclays lowered their target price on shares of Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 6th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Fidelity National Financial has an average rating of “Moderate Buy” and a consensus price target of $68.33.

Fidelity National Financial Stock Down 2.0%

Fidelity National Financial stock opened at $51.06 on Monday. The firm has a 50 day moving average price of $54.92 and a 200-day moving average price of $57.10. The company has a quick ratio of 0.25, a current ratio of 44.61 and a debt-to-equity ratio of 0.59. Fidelity National Financial has a twelve month low of $50.56 and a twelve month high of $66.72. The company has a market capitalization of $14.36 billion, a P/E ratio of 24.02, a P/E/G ratio of 0.66 and a beta of 0.98.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Thursday, February 19th. The financial services provider reported $1.41 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.10). The firm had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $3.66 billion. Fidelity National Financial had a net margin of 4.17% and a return on equity of 15.73%. Fidelity National Financial’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period last year, the company posted $1.34 earnings per share. As a group, equities analysts predict that Fidelity National Financial will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $2.08 annualized dividend and a yield of 4.1%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 97.65%.

Insiders Place Their Bets

In other Fidelity National Financial news, Director Halim Dhanidina sold 6,000 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $55.90, for a total value of $335,400.00. Following the sale, the director owned 13,186 shares of the company’s stock, valued at $737,097.40. This trade represents a 31.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Windacre Partnership LLC raised its stake in Fidelity National Financial by 31.0% in the third quarter. Windacre Partnership LLC now owns 18,905,100 shares of the financial services provider’s stock valued at $1,143,569,000 after purchasing an additional 4,477,900 shares in the last quarter. Norges Bank bought a new position in shares of Fidelity National Financial in the 2nd quarter worth $189,685,000. Alliancebernstein L.P. raised its position in shares of Fidelity National Financial by 167.8% during the 3rd quarter. Alliancebernstein L.P. now owns 4,741,145 shares of the financial services provider’s stock valued at $286,792,000 after buying an additional 2,970,460 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Fidelity National Financial by 252.4% during the 2nd quarter. First Trust Advisors LP now owns 3,379,555 shares of the financial services provider’s stock worth $189,458,000 after acquiring an additional 2,420,421 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in Fidelity National Financial by 75.4% in the third quarter. AQR Capital Management LLC now owns 5,057,355 shares of the financial services provider’s stock worth $304,503,000 after acquiring an additional 2,174,220 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

About Fidelity National Financial

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.