Keefe, Bruyette & Woods Raises Fidelity National Financial (NYSE:FNF) Price Target to $51.00

by · The Markets Daily

Fidelity National Financial (NYSE:FNF – Free Report) had its price objective raised by Keefe, Bruyette & Woods from $46.00 to $51.00 in a research report report published on Wednesday, Benzinga reports. The firm currently has a market perform rating on the financial services provider’s stock.

A number of other analysts have also recently commented on FNF. Stephens reiterated an overweight rating and issued a $51.00 price target on shares of Fidelity National Financial in a research note on Tuesday, November 14th. Barclays started coverage on shares of Fidelity National Financial in a research report on Wednesday, November 15th. They set an equal weight rating and a $44.00 price target on the stock. Truist Financial raised their price target on shares of Fidelity National Financial from $52.00 to $55.00 and gave the stock a buy rating in a research report on Thursday, November 9th. Finally, StockNews.com began coverage on shares of Fidelity National Financial in a report on Thursday, October 5th. They issued a hold rating on the stock. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $49.33.

View Our Latest Stock Analysis on FNF

Fidelity National Financial Stock Performance

Shares of FNF opened at $48.60 on Wednesday. The stock has a market capitalization of $13.23 billion, a price-to-earnings ratio of 20.17 and a beta of 1.30. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.56. The firm has a fifty day simple moving average of $42.79 and a 200 day simple moving average of $40.12. Fidelity National Financial has a 12 month low of $31.84 and a 12 month high of $48.99.

Fidelity National Financial (NYSE:FNF – Get Free Report) last announced its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.10. The firm had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Fidelity National Financial had a net margin of 6.01% and a return on equity of 15.99%. The company’s revenue for the quarter was down 13.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.07 earnings per share. Research analysts forecast that Fidelity National Financial will post 3.77 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $0.48 dividend. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.45. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend is Thursday, December 14th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 74.69%.

Institutional Investors Weigh In On Fidelity National Financial

A number of hedge funds have recently made changes to their positions in the stock. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Fidelity National Financial in the 3rd quarter valued at approximately $2,778,000. VisionPoint Advisory Group LLC boosted its stake in shares of Fidelity National Financial by 107.0% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 737 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 381 shares in the last quarter. Citigroup Inc. boosted its position in Fidelity National Financial by 182.5% during the 3rd quarter. Citigroup Inc. now owns 926,963 shares of the financial services provider’s stock worth $38,284,000 after buying an additional 598,847 shares during the period. Wellington Management Group LLP boosted its position in Fidelity National Financial by 78.4% during the 3rd quarter. Wellington Management Group LLP now owns 26,418 shares of the financial services provider’s stock worth $1,091,000 after buying an additional 11,611 shares during the period. Finally, American Century Companies Inc. boosted its position in Fidelity National Financial by 0.5% during the 3rd quarter. American Century Companies Inc. now owns 189,031 shares of the financial services provider’s stock worth $7,807,000 after buying an additional 910 shares during the period. 77.16% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Company Profile

(Get Free Report)

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.

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