Fidelity National Financial (NYSE:FNF) Price Target Raised to $55.00

Fidelity National Financial (NYSE:FNF) had its target price increased by Keefe, Bruyette & Woods from $53.00 to $55.00 in a report issued on Tuesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the financial services provider’s stock.

FNF has been the topic of a number of other research reports. Truist Financial lowered their price target on Fidelity National Financial from $70.00 to $59.00 and set a “buy” rating on the stock in a research report on Thursday, October 15th. Stephens cut their price objective on Fidelity National Financial from $55.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, October 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Fidelity National Financial in a research note on Tuesday, September 8th. National Bank Financial set a $54.00 target price on Fidelity National Financial in a research note on Friday, August 7th. Finally, Zacks Research lowered Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday, October 23rd. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $53.40.

Fidelity National Financial Stock Down 2.5%

Fidelity National Financial stock opened at $43.04 on Tuesday. The firm has a market capitalization of $11.54 billion, a PE ratio of 8.74 and a beta of 0.93. The company’s 50-day moving average is $41.61 and its 200-day moving average is $47.56. Fidelity National Financial has a fifty-two week low of $37.88 and a fifty-two week high of $59.99. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.27 and a quick ratio of 0.26.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Thursday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.32. Fidelity National Financial had a net margin of 7.02% and a return on equity of 15.39%. The company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.78 billion. During the same period in the prior year, the firm earned $1.63 EPS. Sell-side analysts anticipate that Fidelity National Financial will post 5.02 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, December 17th will be paid a dividend of $0.54 per share. The ex-dividend date is Thursday, December 17th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.0%. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.52. Fidelity National Financial’s dividend payout ratio is 53.06%.

Institutional Trading of Fidelity National Financial

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Avidian Wealth Enterprises LLC raised its holdings in Fidelity National Financial by 5.4% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 5,255 shares of the financial services provider’s stock valued at $203,000 after acquiring an additional 267 shares during the period. Harbour Investments Inc. boosted its holdings in shares of Fidelity National Financial by 35.2% during the third quarter. Harbour Investments Inc. now owns 1,279 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 333 shares during the period. Focused Alpha LLC boosted its holdings in shares of Fidelity National Financial by 4.8% during the third quarter. Focused Alpha LLC now owns 8,928 shares of the financial services provider’s stock worth $345,000 after acquiring an additional 405 shares during the period. Prosperitas Financial LLC boosted its holdings in shares of Fidelity National Financial by 7.4% during the third quarter. Prosperitas Financial LLC now owns 5,980 shares of the financial services provider’s stock worth $231,000 after acquiring an additional 410 shares during the period. Finally, Oregon Public Employees Retirement Fund grew its position in shares of Fidelity National Financial by 1.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 52,818 shares of the financial services provider’s stock valued at $2,041,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc. (NYSE: FNF) is a provider of title insurance and related services for real estate transactions. Through its title operations, the company offers title searches and insurance, escrow and closing services, and other support for buyers, sellers, lenders, and real estate professionals. FNF also provides annuity and life insurance products through its F&G business. These offerings include fixed and fixed-indexed annuities and life insurance designed to help individuals and institutions address retirement and financial-protection needs.