Fidelity National Financial (NYSE:FNF) Given New $63.00 Price Target at Keefe, Bruyette & Woods

Fidelity National Financial (NYSE:FNF) had its target price hoisted by Keefe, Bruyette & Woods from $58.00 to $63.00 in a report published on Wednesday, Benzinga reports. The brokerage currently has a market perform rating on the financial services provider’s stock.

Other equities analysts also recently issued research reports about the stock. Truist Financial lifted their price objective on shares of Fidelity National Financial from $62.00 to $64.00 and gave the stock a buy rating in a report on Wednesday, August 7th. Stephens reaffirmed an overweight rating and issued a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a hold rating in a research note on Wednesday, August 7th. Finally, StockNews.com downgraded Fidelity National Financial from a buy rating to a hold rating in a research note on Wednesday, July 17th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Fidelity National Financial currently has an average rating of Hold and an average target price of $61.80.

Fidelity National Financial Price Performance

FNF opened at $58.83 on Wednesday. The company has a market capitalization of $16.07 billion, a P/E ratio of 19.35 and a beta of 1.36. The company has a 50-day moving average of $54.67 and a 200-day moving average of $51.96. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.23 and a current ratio of 0.23. Fidelity National Financial has a 1-year low of $37.10 and a 1-year high of $60.19.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.03). Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the prior year, the firm earned $1.01 earnings per share. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. Equities analysts expect that Fidelity National Financial will post 4.57 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Monday, September 16th. Fidelity National Financial’s payout ratio is 63.16%.

Institutional Investors Weigh In On Fidelity National Financial

Several large investors have recently made changes to their positions in the company. KBC Group NV grew its holdings in Fidelity National Financial by 845.5% in the 4th quarter. KBC Group NV now owns 631,801 shares of the financial services provider’s stock worth $32,234,000 after buying an additional 564,980 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Fidelity National Financial during the 4th quarter worth $1,669,000. BNP Paribas Financial Markets grew its stake in shares of Fidelity National Financial by 673.6% in the first quarter. BNP Paribas Financial Markets now owns 666,900 shares of the financial services provider’s stock worth $35,412,000 after purchasing an additional 580,694 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of Fidelity National Financial by 7.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 327,206 shares of the financial services provider’s stock valued at $17,375,000 after purchasing an additional 23,358 shares during the period. Finally, Principal Securities Inc. bought a new stake in shares of Fidelity National Financial during the fourth quarter valued at about $872,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

About Fidelity National Financial

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.