Fidelity National Financial (NYSE:FNF) Price Target Cut to $53.00 by Analysts at Keefe, Bruyette & Woods

Fidelity National Financial (NYSE:FNF) had its price objective decreased by Keefe, Bruyette & Woods from $55.00 to $53.00 in a research note issued to investors on Tuesday, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the financial services provider’s stock.

A number of other research analysts have also weighed in on FNF. Barclays boosted their target price on Fidelity National Financial from $52.00 to $56.00 and gave the stock an equal weight rating in a report on Tuesday, April 9th. Stephens upped their price objective on shares of Fidelity National Financial from $59.00 to $60.00 and gave the company an overweight rating in a report on Friday, May 10th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Fidelity National Financial presently has a consensus rating of Hold and a consensus price target of $55.40.

Fidelity National Financial Stock Performance

Shares of NYSE FNF opened at $48.10 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.21 and a current ratio of 0.21. The stock has a 50 day moving average price of $50.28 and a 200 day moving average price of $50.33. The stock has a market capitalization of $13.14 billion, a PE ratio of 15.82 and a beta of 1.35. Fidelity National Financial has a 52 week low of $34.96 and a 52 week high of $53.96.

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). The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $2.72 billion. Fidelity National Financial had a return on equity of 14.24% and a net margin of 6.55%. The company’s revenue for the quarter was up 33.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 EPS. Analysts predict that Fidelity National Financial will post 4.67 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently declared 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 dividend yield of 3.99%. The ex-dividend date of this dividend was Friday, June 14th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 63.16%.

Insider Buying and Selling

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

Hedge Funds Weigh In On Fidelity National Financial

Several large investors have recently bought and sold shares of FNF. V Square Quantitative Management LLC acquired a new position in shares of Fidelity National Financial in the fourth quarter valued at approximately $27,000. New Covenant Trust Company N.A. bought a new stake in Fidelity National Financial during the 1st quarter worth approximately $30,000. Covestor Ltd increased its position in 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 acquiring an additional 303 shares during the period. Salomon & Ludwin LLC raised its stake in shares of Fidelity National Financial by 231.0% during the first quarter. Salomon & Ludwin LLC now owns 609 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 425 shares during the last quarter. Finally, Mather Group LLC. acquired a new position in shares of Fidelity National Financial during the first quarter worth $31,000. 81.17% of the stock is currently 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.