Fidelity National Financial (NYSE:FNF) Given New $60.00 Price Target at Stephens

Fidelity National Financial (NYSE:FNF - Free Report) had its target price boosted by Stephens from $59.00 to $60.00 in a report released on Friday morning, Benzinga reports. Stephens currently has an overweight rating on the financial services provider's stock.

Other equities analysts have also issued research reports about the stock. Barclays increased their target price on shares of Fidelity National Financial from $52.00 to $56.00 and gave the company an equal weight rating in a report on Tuesday, April 9th. Truist Financial raised their price target on shares of Fidelity National Financial from $55.00 to $60.00 and gave the stock a buy rating in a report on Friday, February 23rd. Finally, Keefe, Bruyette & Woods raised their price target on shares of Fidelity National Financial from $54.00 to $56.00 and gave the stock a market perform rating in a report on Thursday, March 21st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $56.00.

Fidelity National Financial Price Performance

Shares of Fidelity National Financial stock traded down $1.08 on Friday, hitting $51.53. 1,163,117 shares of the company traded hands, compared to its average volume of 1,520,223. The firm's 50-day simple moving average is $50.75 and its 200 day simple moving average is $48.56. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.52. The company has a market cap of $14.08 billion, a P/E ratio of 27.12 and a beta of 1.33. Fidelity National Financial has a 12-month low of $33.61 and a 12-month high of $53.96.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its earnings results on Wednesday, May 8th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.08). Fidelity National Financial had a net margin of 4.40% and a return on equity of 13.91%. The business had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the prior year, the business posted $0.52 EPS. Fidelity National Financial's revenue for the quarter was up 33.3% on a year-over-year basis. Analysts expect that Fidelity National Financial will post 4.83 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.73%. The ex-dividend date of this dividend is Friday, June 14th. Fidelity National Financial's payout ratio is 100.52%.

Insider Activity

In other news, Director Cary H. Thompson sold 23,410 shares of Fidelity National Financial stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $51.11, for a total transaction of $1,196,485.10. Following the sale, the director now owns 40,317 shares of the company's stock, valued at approximately $2,060,601.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Cary H. Thompson sold 23,410 shares of Fidelity National Financial stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $51.11, for a total transaction of $1,196,485.10. Following the completion of the transaction, the director now directly owns 40,317 shares of the company's stock, valued at approximately $2,060,601.87. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Halim Dhanidina sold 3,000 shares of Fidelity National Financial stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $50.64, for a total transaction of $151,920.00. Following the transaction, the director now directly owns 14,906 shares of the company's stock, valued at $754,839.84. The disclosure for this sale can be found here. Insiders own 5.40% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FNF. Commonwealth Equity Services LLC lifted its stake in shares of Fidelity National Financial by 1.9% in the third quarter. Commonwealth Equity Services LLC now owns 74,578 shares of the financial services provider's stock worth $3,080,000 after buying an additional 1,402 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Fidelity National Financial by 21.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 16,017 shares of the financial services provider's stock worth $661,000 after buying an additional 2,791 shares in the last quarter. New York State Teachers Retirement System lifted its position in Fidelity National Financial by 8,103.4% during the third quarter. New York State Teachers Retirement System now owns 100,574 shares of the financial services provider's stock valued at $4,154,000 after purchasing an additional 99,348 shares during the period. IFM Investors Pty Ltd lifted its position in Fidelity National Financial by 6.4% during the third quarter. IFM Investors Pty Ltd now owns 50,005 shares of the financial services provider's stock valued at $2,065,000 after purchasing an additional 3,027 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Fidelity National Financial by 38.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,492 shares of the financial services provider's stock valued at $1,259,000 after purchasing an additional 8,402 shares during the period. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Company Profile

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.