Fidelity National Financial, Inc. (NYSE:FNF) Given Consensus Rating of "Moderate Buy" by Brokerages

Fidelity National Financial, Inc. (NYSE:FNF - Get Free Report) has received an average recommendation of "Moderate Buy" from the six research firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $53.40.

FNF has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods increased their target price on shares of Fidelity National Financial from $54.00 to $56.00 and gave the company a "market perform" rating in a research report on Thursday, March 21st. Truist Financial raised their price objective on shares of Fidelity National Financial from $55.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, February 23rd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Fidelity National Financial in a research report on Wednesday, January 10th. They set a "hold" rating on the stock. Finally, Barclays lowered their price objective on shares of Fidelity National Financial from $55.00 to $52.00 and set an "equal weight" rating on the stock in a research report on Friday, February 23rd.

Fidelity National Financial Stock Up 2.2 %

Shares of FNF traded up $1.14 during midday trading on Friday, reaching $53.10. The stock had a trading volume of 2,054,312 shares, compared to its average volume of 1,775,036. Fidelity National Financial has a 1-year low of $32.02 and a 1-year high of $53.35. The company's fifty day simple moving average is $50.78 and its two-hundred day simple moving average is $46.49. The company has a market cap of $14.51 billion, a price-to-earnings ratio of 27.80 and a beta of 1.33. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.21 and a quick ratio of 0.21.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.75 earnings per share for the quarter, missing analysts' consensus estimates of $1.02 by ($0.27). The firm had revenue of $3.43 billion during the quarter, compared to analyst estimates of $2.80 billion. Fidelity National Financial had a net margin of 4.40% and a return on equity of 13.91%. During the same quarter in the previous year, the business posted $1.06 earnings per share. Equities research analysts expect that Fidelity National Financial will post 4.81 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend is Thursday, March 14th. Fidelity National Financial's dividend payout ratio (DPR) is 100.52%.

Insider Activity at Fidelity National Financial

In related news, Director Halim Dhanidina sold 3,265 shares of the firm's stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $49.34, for a total value of $161,095.10. Following the completion of the sale, the director now owns 17,906 shares in the company, valued at $883,482.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Fidelity National Financial news, Director Daniel D. Lane sold 6,131 shares of Fidelity National Financial stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $48.19, for a total transaction of $295,452.89. Following the completion of the transaction, the director now owns 271,495 shares in the company, valued at $13,083,344.05. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Halim Dhanidina sold 3,265 shares of Fidelity National Financial stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $49.34, for a total transaction of $161,095.10. Following the transaction, the director now owns 17,906 shares of the company's stock, valued at approximately $883,482.04. The disclosure for this sale can be found here. Insiders sold 32,806 shares of company stock worth $1,653,033 over the last 90 days. Company insiders own 5.40% of the company's stock.

Hedge Funds Weigh In On Fidelity National Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in shares of Fidelity National Financial by 11.8% during the first quarter. BlackRock Inc. now owns 39,705,332 shares of the financial services provider's stock worth $1,386,907,000 after buying an additional 4,189,896 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Fidelity National Financial by 4.5% during the first quarter. Vanguard Group Inc. now owns 28,877,107 shares of the financial services provider's stock worth $1,410,358,000 after buying an additional 1,250,233 shares in the last quarter. State Street Corp grew its holdings in shares of Fidelity National Financial by 1.4% during the first quarter. State Street Corp now owns 7,407,492 shares of the financial services provider's stock worth $361,782,000 after buying an additional 104,624 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Fidelity National Financial by 7.7% during the third quarter. Principal Financial Group Inc. now owns 6,686,401 shares of the financial services provider's stock worth $276,143,000 after buying an additional 477,493 shares in the last quarter. Finally, First Eagle Investment Management LLC grew its holdings in shares of Fidelity National Financial by 2.9% during the fourth quarter. First Eagle Investment Management LLC now owns 6,113,602 shares of the financial services provider's stock worth $311,916,000 after buying an additional 171,521 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company's stock.

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.