Fidelity National Financial (NYSE:FNF) Cut to Hold at Wall Street Zen

by · The Cerbat Gem

Wall Street Zen downgraded shares of Fidelity National Financial (NYSE:FNFFree Report) from a buy rating to a hold rating in a research note released on Saturday.

Other analysts have also issued research reports about the stock. National Bankshares set a $63.00 price objective on shares of Fidelity National Financial in a research note on Tuesday, January 6th. Barclays lowered their price target on shares of Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating for the company in a report on Tuesday, January 6th. Stephens assumed coverage on shares of Fidelity National Financial in a report on Friday, November 14th. They issued an “overweight” rating on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Fidelity National Financial in a research report on Monday, December 29th. Finally, Keefe, Bruyette & Woods raised their target price on Fidelity National Financial from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, December 18th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.25.

Get Our Latest Analysis on Fidelity National Financial

Fidelity National Financial Trading Down 2.5%

NYSE:FNF opened at $53.59 on Friday. The business’s 50-day moving average is $56.81 and its two-hundred day moving average is $57.37. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.25 and a quick ratio of 0.25. Fidelity National Financial has a 12 month low of $50.61 and a 12 month high of $66.72. The firm has a market capitalization of $15.07 billion, a PE ratio of 12.92 and a beta of 1.00.

Fidelity National Financial (NYSE:FNFGet Free Report) last posted its earnings results on Thursday, July 13th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter. The business had revenue of $3.17 billion during the quarter. Fidelity National Financial had a return on equity of 15.06% and a net margin of 8.34%. Research analysts predict that Fidelity National Financial will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th were given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Wednesday, December 17th. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.50. Fidelity National Financial’s payout ratio is presently 50.12%.

Insider Activity

In other Fidelity National Financial news, Director Daniel D. Lane sold 6,367 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $57.63, for a total transaction of $366,930.21. Following the sale, the director owned 276,308 shares in the company, valued at $15,923,630.04. This represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Halim Dhanidina sold 6,000 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $55.90, for a total value of $335,400.00. Following the transaction, the director directly owned 13,186 shares in the company, valued at approximately $737,097.40. This represents a 31.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 5.50% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Financial

A number of institutional investors have recently made changes to their positions in FNF. Islay Capital Management LLC lifted its stake in Fidelity National Financial by 2.3% during the second quarter. Islay Capital Management LLC now owns 8,865 shares of the financial services provider’s stock worth $497,000 after purchasing an additional 200 shares during the last quarter. Fiduciary Trust Co raised its holdings in shares of Fidelity National Financial by 2.0% during the third quarter. Fiduciary Trust Co now owns 11,813 shares of the financial services provider’s stock worth $715,000 after purchasing an additional 228 shares during the period. Burney Co. lifted its position in shares of Fidelity National Financial by 1.4% in the 3rd quarter. Burney Co. now owns 17,406 shares of the financial services provider’s stock worth $1,053,000 after buying an additional 243 shares during the last quarter. Centennial Wealth Advisory LLC lifted its position in shares of Fidelity National Financial by 5.7% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 4,579 shares of the financial services provider’s stock worth $277,000 after buying an additional 248 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Fidelity National Financial by 7.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 3,504 shares of the financial services provider’s stock valued at $228,000 after buying an additional 249 shares during the period. 81.17% of the stock is currently owned by institutional investors.

Fidelity National Financial Company Profile

(Get Free Report)

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.

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