Fidelity National Financial, Inc. (NYSE:FNF) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Fidelity National Financial, Inc. (NYSE:FNF) have been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $70.00.

Several brokerages have recently commented on FNF. Keefe, Bruyette & Woods boosted their price objective on Fidelity National Financial from $69.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday, November 10th. National Bankshares set a $64.00 price target on Fidelity National Financial in a report on Monday, October 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Fidelity National Financial in a report on Monday, December 8th. Stephens initiated coverage on shares of Fidelity National Financial in a report on Friday, November 14th. They issued an “overweight” rating on the stock. Finally, Barclays restated a “cautious” rating on shares of Fidelity National Financial in a research report on Monday, October 6th.

Fidelity National Financial Stock Performance

Shares of NYSE FNF opened at $57.53 on Friday. The stock has a market cap of $15.60 billion, a PE ratio of 13.38 and a beta of 1.01. Fidelity National Financial has a 1 year low of $50.61 and a 1 year high of $66.72. The firm has a fifty day moving average price of $57.06 and a 200-day moving average price of $57.27. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.25 and a quick ratio of 0.25.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Thursday, July 13th. The financial services provider reported $0.76 earnings per share 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 for the quarter. Equities analysts anticipate that Fidelity National Financial will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th will be given a dividend of $0.52 per share. The ex-dividend date is Wednesday, December 17th. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.6%. Fidelity National Financial’s dividend payout ratio (DPR) is 46.51%.

Insider Activity at Fidelity National Financial

In related news, Director Daniel D. Lane sold 6,367 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 276,308 shares of the company’s stock, valued at approximately $15,923,630.04. This represents a 2.25% decrease in their ownership of the stock. 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.

Institutional Trading of Fidelity National Financial

A number of large investors have recently added to or reduced their stakes in FNF. Quent Capital LLC purchased a new position in shares of Fidelity National Financial in the 3rd quarter worth $26,000. Blue Trust Inc. grew its position in Fidelity National Financial by 4,545.5% in the second quarter. Blue Trust Inc. now owns 511 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 500 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Fidelity National Financial during the second quarter worth approximately $29,000. Mather Group LLC. bought a new stake in Fidelity National Financial during the third quarter worth approximately $29,000. Finally, Atlantic Union Bankshares Corp raised its position in Fidelity National Financial by 997.7% during the third quarter. Atlantic Union Bankshares Corp now owns 472 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 429 shares during the period. Institutional investors 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.