Fidelity National Financial (NYSE:FNF) Price Target Raised to $71.00

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

Several other analysts also recently weighed in on the company. Barclays decreased their target price on Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 6th. 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. Stephens started coverage on shares of Fidelity National Financial in a research report on Friday, November 14th. They set an “overweight” rating on the stock. National Bank Financial set a $71.00 price target on Fidelity National Financial in a report on Monday. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Fidelity National Financial in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $68.33.

Fidelity National Financial Stock Down 0.8%

Shares of FNF opened at $51.54 on Monday. The company has a quick ratio of 0.25, a current ratio of 44.61 and a debt-to-equity ratio of 0.59. The business has a fifty day moving average of $54.73 and a 200 day moving average of $57.02. The company has a market cap of $14.49 billion, a PE ratio of 24.25, a P/E/G ratio of 0.66 and a beta of 0.98. Fidelity National Financial has a 52-week low of $50.56 and a 52-week high of $66.72.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Thursday, February 19th. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.10). Fidelity National Financial had a return on equity of 15.73% and a net margin of 4.17%.The firm had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter last year, the business posted $1.34 EPS. Fidelity National Financial’s revenue was up 11.9% compared to the same quarter last year. On average, sell-side analysts expect that Fidelity National Financial will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, March 17th. Fidelity National Financial’s dividend payout ratio is presently 97.65%.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 6,000 shares of Fidelity National Financial stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $55.90, for a total value of $335,400.00. Following 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. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.50% of the company’s stock.

Hedge Funds Weigh In On Fidelity National Financial

Several institutional investors and hedge funds have recently bought and sold shares of FNF. Exchange Traded Concepts LLC raised its position in shares of Fidelity National Financial by 76.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 50,223 shares of the financial services provider’s stock valued at $3,038,000 after purchasing an additional 21,770 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Fidelity National Financial during the 3rd quarter worth approximately $14,576,000. Federated Hermes Inc. increased its stake in Fidelity National Financial by 13.4% during the 2nd quarter. Federated Hermes Inc. now owns 165,517 shares of the financial services provider’s stock valued at $9,279,000 after purchasing an additional 19,503 shares in the last quarter. Cooke & Bieler LP raised its holdings in shares of 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 worth $318,081,000 after buying an additional 574,189 shares during the last quarter. Finally, CWM LLC grew its holdings in shares of Fidelity National Financial by 389.7% during the third quarter. CWM LLC now owns 120,505 shares of the financial services provider’s stock valued at $7,289,000 after buying an additional 95,895 shares during the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

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.