Analysts Set Fidelity National Financial (FNF) Price Target at $44.00
Shares of Fidelity National Financial (NYSE:FNF) have received a consensus recommendation of “Buy” from the eight brokerages that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $44.00.
A number of brokerages have weighed in on FNF. Zacks Investment Research upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Wednesday, April 4th. ValuEngine lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, April 3rd. Stephens restated a “buy” rating and issued a $46.00 target price on shares of Fidelity National Financial in a research note on Thursday, February 1st. Finally, Barclays set a $46.00 price objective on Fidelity National Financial and gave the stock a “buy” rating in a report on Friday, January 12th.
Shares of NYSE FNF opened at $38.60 on Friday. The stock has a market capitalization of $10,478.07, a price-to-earnings ratio of 15.40 and a beta of 0.83. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.70 and a current ratio of 0.70. Fidelity National Financial has a twelve month low of $27.77 and a twelve month high of $42.52.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 16th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date was Thursday, March 15th. Fidelity National Financial’s payout ratio is currently 52.86%.
In other news, EVP Peter T. Sadowski sold 29,274 shares of the company’s stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $38.92, for a total value of $1,139,344.08. Following the completion of the transaction, the executive vice president now directly owns 123,328 shares in the company, valued at approximately $4,799,925.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel D. Lane sold 18,810 shares of the company’s stock in a transaction dated Tuesday, March 20th. The stock was sold at an average price of $41.38, for a total value of $778,357.80. Following the completion of the transaction, the director now owns 261,696 shares of the company’s stock, valued at $10,828,980.48. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of FNF. Fuller & Thaler Asset Management Inc. purchased a new stake in Fidelity National Financial during the 4th quarter valued at about $122,000. Cerebellum GP LLC purchased a new stake in Fidelity National Financial during the 4th quarter valued at about $125,000. Whittier Trust Co. boosted its holdings in Fidelity National Financial by 92.1% during the 4th quarter. Whittier Trust Co. now owns 5,215 shares of the financial services provider’s stock valued at $205,000 after acquiring an additional 2,500 shares during the period. GSA Capital Partners LLP purchased a new stake in Fidelity National Financial during the 3rd quarter valued at about $207,000. Finally, Bell & Brown Wealth Advisors LLC purchased a new stake in Fidelity National Financial during the 4th quarter valued at about $214,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.
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Fidelity National Financial Company Profile
Fidelity National Financial, Inc, together with its subsidiaries, provides title insurance, technology, and transaction services to the real estate and mortgage industries in the United States. The company operates in Title, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including collection and trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.
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