Fidelity National Financial (NYSE:FNF) Price Target Raised to $72.00

Fidelity National Financial (NYSE:FNF) had its price objective increased by Keefe, Bruyette & Woods from $70.00 to $72.00 in a research note released on Thursday,Benzinga reports. They currently have an outperform rating on the financial services provider’s stock.

A number of other analysts have also commented on the company. Stephens started coverage on Fidelity National Financial in a report on Friday, November 14th. They set an “overweight” rating for the company. National Bankshares set a $72.00 target price on Fidelity National Financial in a research report on Thursday. Barclays reissued a “cautious” rating on shares of Fidelity National Financial in a research report on Monday, October 6th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Fidelity National Financial in a research note on Monday, December 15th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $72.00.

Fidelity National Financial Stock Down 0.4%

Fidelity National Financial stock opened at $55.85 on Thursday. The firm has a market capitalization of $15.70 billion, a price-to-earnings ratio of 13.47 and a beta of 1.01. The firm’s fifty day moving average price is $57.11 and its two-hundred day moving average price is $57.35. Fidelity National Financial has a 1-year low of $50.61 and a 1-year high of $66.72. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.47.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Thursday, July 13th. The financial services provider reported $0.76 EPS 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 during the quarter. On average, equities research analysts predict 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. Shareholders of record on Wednesday, December 17th will be given a $0.52 dividend. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, December 17th. Fidelity National Financial’s payout ratio is presently 46.74%.

Insider Transactions at Fidelity National Financial

In other news, Director Daniel D. Lane sold 6,367 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was sold at an average price of $57.63, for a total transaction of $366,930.21. Following the completion of the sale, the director directly owned 276,308 shares of the company’s stock, valued at $15,923,630.04. This trade represents a 2.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 5.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Fidelity National Financial

Several institutional investors have recently added to or reduced their stakes in FNF. Avior Wealth Management LLC increased its position in Fidelity National Financial by 1,569.6% in the second quarter. Avior Wealth Management LLC now owns 21,170 shares of the financial services provider’s stock worth $1,187,000 after buying an additional 19,902 shares during the last quarter. Stephens Inc. AR grew its stake in shares of Fidelity National Financial by 29.3% during the 2nd quarter. Stephens Inc. AR now owns 180,087 shares of the financial services provider’s stock worth $10,096,000 after acquiring an additional 40,835 shares during the period. Federated Hermes Inc. increased its holdings in Fidelity National Financial by 13.4% in the 2nd quarter. Federated Hermes Inc. now owns 165,517 shares of the financial services provider’s stock worth $9,279,000 after acquiring an additional 19,503 shares during the last quarter. Amundi increased its holdings in Fidelity National Financial by 32.3% in the 2nd quarter. Amundi now owns 562,348 shares of the financial services provider’s stock worth $32,228,000 after acquiring an additional 137,381 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in Fidelity National Financial by 55.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 945,861 shares of the financial services provider’s stock valued at $53,025,000 after acquiring an additional 337,807 shares during the period. Institutional investors own 81.17% of the company’s stock.

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.