Fidelity National Financial (NYSE:FNF) Reaches New 12-Month High at $53.35

Fidelity National Financial, Inc. (NYSE:FNF)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $53.35 and last traded at $53.10, with a volume of 2044251 shares. The stock had previously closed at $51.96.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Fidelity National Financial in a research report on Wednesday, January 10th. They issued a “hold” rating for the company. Truist Financial increased their price target on shares of Fidelity National Financial from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Keefe, Bruyette & Woods raised their price objective on shares of Fidelity National Financial from $54.00 to $56.00 and gave the stock a “market perform” rating in a report on Thursday, March 21st. Finally, Barclays dropped their price objective on shares of Fidelity National Financial from $55.00 to $52.00 and set an “equal weight” rating for the company in a report on Friday, February 23rd. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Fidelity National Financial has a consensus rating of “Hold” and an average price target of $53.40.

Fidelity National Financial Trading Up 2.2 %

The company has a market cap of $14.51 billion, a price-to-earnings ratio of 27.81 and a beta of 1.33. The company’s fifty day moving average price is $50.68 and its two-hundred day moving average price is $46.44. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.52.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.75 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.27). Fidelity National Financial had a net margin of 4.40% and a return on equity of 13.91%. The company had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same period last year, the company earned $1.06 earnings per share. Research analysts expect that Fidelity National Financial, Inc. will post 4.81 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $1.92 annualized dividend and a dividend yield of 3.61%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 100.52%.

Insider Activity

In other Fidelity National Financial news, Director Halim Dhanidina sold 3,265 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $49.34, for a total value of $161,095.10. Following the transaction, the director now directly owns 17,906 shares of the company’s stock, valued at $883,482.04. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Fidelity National Financial news, Director Halim Dhanidina sold 3,265 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $49.34, for a total value of $161,095.10. Following the transaction, the director now directly owns 17,906 shares of the company’s stock, valued at $883,482.04. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Daniel D. Lane sold 6,131 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $48.19, for a total transaction of $295,452.89. Following the completion of the transaction, the director now directly owns 271,495 shares in the company, valued at $13,083,344.05. The disclosure for this sale can be found here. Insiders have sold 32,806 shares of company stock valued at $1,653,033 over the last three months. 5.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Fidelity National Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in FNF. Raymond James Financial Services Advisors Inc. boosted its position in shares of Fidelity National Financial by 49.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 27,414 shares of the financial services provider’s stock worth $1,339,000 after purchasing an additional 9,059 shares in the last quarter. MetLife Investment Management LLC acquired a new stake in shares of Fidelity National Financial during the first quarter worth $266,000. Rhumbline Advisers raised its holdings in shares of Fidelity National Financial by 21.2% during the first quarter. Rhumbline Advisers now owns 277,396 shares of the financial services provider’s stock worth $13,548,000 after acquiring an additional 48,434 shares during the period. Yousif Capital Management LLC raised its holdings in shares of Fidelity National Financial by 8.1% during the first quarter. Yousif Capital Management LLC now owns 9,736 shares of the financial services provider’s stock worth $476,000 after acquiring an additional 730 shares during the period. Finally, LSV Asset Management raised its holdings in shares of Fidelity National Financial by 40.9% during the first quarter. LSV Asset Management now owns 204,300 shares of the financial services provider’s stock worth $9,978,000 after acquiring an additional 59,308 shares during the period. 81.17% of the stock is owned by 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.