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

Fidelity National Financial, Inc. (NYSE:FNF)’s stock price hit 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 trading hands. The stock had previously closed at $61.02.

Analyst Ratings Changes

Several research analysts have commented on FNF shares. Barclays boosted their price objective on shares of Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods upped their price objective on Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 4th. Truist Financial raised their price objective on Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft boosted their target price on Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Finally, StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $62.40.

Fidelity National Financial Price Performance

The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.52. The firm has a market cap of $16.89 billion, a P/E ratio of 20.08 and a beta of 1.36. The business has a 50-day moving average of $58.86 and a two-hundred day moving average of $53.71.

Fidelity National Financial (NYSE:FNF) last released 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 firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.20 billion. Fidelity National Financial had a return on equity of 14.48% and a net margin of 7.19%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.01 earnings per share. On average, sell-side analysts anticipate that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm 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. This represents a $1.92 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend was Monday, September 16th. Fidelity National Financial’s payout ratio is currently 63.16%.

Insider Transactions at Fidelity National Financial

In related news, Director Halim Dhanidina sold 1,700 shares of the firm’s 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 directly owns 13,206 shares of the company’s stock, valued at $803,585.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 5.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Fidelity National Financial

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