Fidelity National Financial (NYSE:FNF) Reaches New 1-Year High – Should You Buy?

Shares of Fidelity National Financial, Inc. (NYSE:FNF) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $62.23 and last traded at $61.99, with a volume of 72638 shares traded. The stock had previously closed at $61.02.

Wall Street Analyst Weigh In

Several research analysts have issued reports on FNF shares. Barclays increased their price target on Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Stephens reiterated an “overweight” rating and issued a $63.00 target price on shares of Fidelity National Financial in a report on Thursday, August 15th. Truist Financial lifted their price target on shares of Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. StockNews.com downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Fidelity National Financial currently has an average rating of “Hold” and a consensus target price of $62.40.

Fidelity National Financial Stock Performance

The company has a 50-day moving average of $58.86 and a 200-day moving average of $53.71. The company has a market cap of $16.89 billion, a PE ratio of 20.08 and a beta of 1.36. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.52.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results 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). The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.20 billion. Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. Fidelity National Financial’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.01 EPS. As a group, analysts anticipate that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.92 annualized dividend and a dividend yield of 3.11%. Fidelity National Financial’s payout ratio is currently 63.16%.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total transaction of $103,445.00. Following the completion of the transaction, the director now owns 13,206 shares in the company, valued at approximately $803,585.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.20% of the company’s stock.

Hedge Funds Weigh In On Fidelity National Financial

Several hedge funds have recently made changes to their positions in FNF. V Square Quantitative Management LLC purchased a new stake in Fidelity National Financial during the 4th quarter worth about $27,000. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Fidelity National Financial by 22.5% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 82,435 shares of the financial services provider’s stock worth $4,205,000 after buying an additional 15,167 shares in the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of Fidelity National Financial in the fourth quarter worth about $220,000. Wellington Management Group LLP boosted its position in shares of Fidelity National Financial by 45.3% in the fourth quarter. Wellington Management Group LLP now owns 38,396 shares of the financial services provider’s stock valued at $1,959,000 after acquiring an additional 11,978 shares during the period. Finally, SageView Advisory Group LLC purchased a new position in Fidelity National Financial during the fourth quarter valued at approximately $595,000. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

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.