Shares of Fidelity National Financial, Inc. (NYSE:FNF – Get Rating) have received an average rating of "Moderate Buy" from the six research firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $59.50.
Several equities research analysts recently commented on the company. Barclays raised their target price on Fidelity National Financial from $66.00 to $68.00 and gave the company an "overweight" rating in a report on Thursday, August 4th. Stephens dropped their price objective on Fidelity National Financial from $52.00 to $49.00 and set an "overweight" rating on the stock in a report on Monday.
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Insiders Place Their Bets
In other news, Director Thomas M. Hagerty sold 13,663 shares of the business's stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $40.01, for a total value of $546,656.63. Following the sale, the director now owns 325,540 shares of the company's stock, valued at approximately $13,024,855.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Thomas M. Hagerty sold 13,663 shares of the business's stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $40.01, for a total value of $546,656.63. Following the sale, the director now owns 325,540 shares of the company's stock, valued at approximately $13,024,855.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter O. Shea, Jr. sold 13,389 shares of the business's stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $40.83, for a total value of $546,672.87. Following the completion of the sale, the director now directly owns 200,642 shares in the company, valued at approximately $8,192,212.86. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,552 shares of company stock worth $2,012,455. 5.10% of the stock is owned by company insiders.
Institutional Investors Weigh In On Fidelity National Financial
A number of institutional investors and hedge funds have recently modified their holdings of the stock. IronBridge Private Wealth LLC acquired a new position in Fidelity National Financial during the fourth quarter valued at $26,000. Bank of New Hampshire acquired a new position in Fidelity National Financial during the first quarter valued at $29,000. GPS Wealth Strategies Group LLC raised its position in Fidelity National Financial by 71.3% during the second quarter. GPS Wealth Strategies Group LLC now owns 685 shares of the financial services provider's stock valued at $25,000 after buying an additional 285 shares during the period. First Horizon Advisors Inc. grew its stake in Fidelity National Financial by 411.7% in the second quarter. First Horizon Advisors Inc. now owns 701 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 564 shares in the last quarter. Finally, Salem Investment Counselors Inc. purchased a new position in Fidelity National Financial in the second quarter valued at about $26,000. 78.12% of the stock is owned by institutional investors and hedge funds.
Fidelity National Financial Stock Performance
NYSE FNF opened at $36.25 on Monday. The firm has a market capitalization of $10.02 billion, a P/E ratio of 5.03 and a beta of 1.37. Fidelity National Financial has a 1-year low of $34.51 and a 1-year high of $56.44. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.20 and a quick ratio of 0.20. The business's 50-day simple moving average is $39.37 and its 200-day simple moving average is $40.78.
Fidelity National Financial Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $1.76 dividend on an annualized basis and a yield of 4.86%. Fidelity National Financial's dividend payout ratio (DPR) is presently 24.41%.
About Fidelity National Financial
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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 insurance.
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