Fidelity National Financial (NYSE:FNF) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of Fidelity National Financial (NYSE:FNF) from a hold rating to a buy rating in a research report report published on Tuesday morning.

Several other research analysts have also weighed in on the stock. Stephens increased their target price on shares of Fidelity National Financial from $59.00 to $60.00 and gave the stock an overweight rating in a research note on Friday, May 10th. Barclays raised their target price on shares of Fidelity National Financial from $52.00 to $56.00 and gave the stock an equal weight rating in a research report on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Fidelity National Financial from $55.00 to $53.00 and set a market perform rating on the stock in a research report on Tuesday, July 2nd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $55.40.

Fidelity National Financial Trading Up 4.7 %

Shares of FNF opened at $51.32 on Tuesday. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.50. Fidelity National Financial has a 12-month low of $36.55 and a 12-month high of $53.96. The firm has a 50-day moving average price of $50.14 and a 200 day moving average price of $50.32. The firm has a market capitalization of $14.02 billion, a P/E ratio of 16.88 and a beta of 1.35.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.08). Fidelity National Financial had a net margin of 6.55% and a return on equity of 14.24%. The firm had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same period in the prior year, the company posted $0.52 EPS. The company’s revenue for the quarter was up 33.3% compared to the same quarter last year. Sell-side analysts forecast that Fidelity National Financial will post 4.67 EPS for the current year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.74%. The ex-dividend date was Friday, June 14th. Fidelity National Financial’s payout ratio is 63.16%.

Insider Activity at Fidelity National Financial

In related news, Director Halim Dhanidina sold 3,000 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $50.64, for a total value of $151,920.00. Following the completion of the transaction, the director now owns 14,906 shares of the company’s stock, valued at approximately $754,839.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Fidelity National Financial news, CFO Anthony Park sold 85,000 shares of Fidelity National Financial stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $50.82, for a total value of $4,319,700.00. Following the completion of the sale, the chief financial officer now owns 99,049 shares in the company, valued at approximately $5,033,670.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Halim Dhanidina sold 3,000 shares of Fidelity National Financial stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $50.64, for a total value of $151,920.00. Following the completion of the sale, the director now owns 14,906 shares of the company’s stock, valued at approximately $754,839.84. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Fidelity National Financial

Institutional investors have recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new stake in shares of Fidelity National Financial during the 4th quarter worth about $27,000. VisionPoint Advisory Group LLC boosted its holdings in 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 worth $30,000 after acquiring an additional 381 shares during the period. New Covenant Trust Company N.A. purchased a new position in Fidelity National Financial in the 1st quarter worth approximately $30,000. Mather Group LLC. purchased a new position in Fidelity National Financial in the 1st quarter worth approximately $31,000. Finally, Covestor Ltd raised its position in shares of Fidelity National Financial by 109.0% in the 1st quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 303 shares in the last quarter. Hedge funds and other 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.