Fidelity National Financial (NYSE:FNF) Stock Rating Upgraded by Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial (NYSE:FNF) from a hold rating to a buy rating in a report issued on Friday morning, MarketBeat reports. Deutsche Bank Aktiengesellschaft currently has $77.00 target price on the financial services provider’s stock, up from their prior target price of $76.00.

A number of other research firms have also weighed in on FNF. Barclays increased their price objective on Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Truist Financial increased their price target on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Fidelity National Financial from $63.00 to $64.00 and gave the company a “market perform” rating in a research report on Tuesday, December 10th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Fidelity National Financial currently has a consensus rating of “Moderate Buy” and an average target price of $66.60.

Fidelity National Financial Price Performance

Shares of Fidelity National Financial stock opened at $56.82 on Friday. The stock has a market capitalization of $15.55 billion, a price-to-earnings ratio of 20.66 and a beta of 1.38. The company has a fifty day moving average of $59.77 and a 200-day moving average of $57.60. Fidelity National Financial has a 52-week low of $46.85 and a 52-week high of $64.83. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.32 billion. Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The firm’s quarterly revenue was up 29.7% compared to the same quarter last year. During the same period last year, the business posted $1.23 earnings per share. Equities research analysts expect that Fidelity National Financial will post 4.57 EPS for the current year.

Fidelity National Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were paid a $0.50 dividend. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend was Tuesday, December 17th. Fidelity National Financial’s dividend payout ratio is presently 72.73%.

Insiders Place Their Bets

In other news, Director Sandra Douglass Morgan sold 2,092 shares of the company’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total value of $117,842.36. Following the sale, the director now directly owns 32,386 shares of the company’s stock, valued at $1,824,303.38. This represents a 6.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Fidelity National Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Swedbank AB grew its stake in shares of Fidelity National Financial by 25.1% in the 3rd quarter. Swedbank AB now owns 42,375 shares of the financial services provider’s stock worth $2,630,000 after buying an additional 8,511 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Fidelity National Financial by 61.0% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 49,707 shares of the financial services provider’s stock worth $2,457,000 after acquiring an additional 18,838 shares during the last quarter. Barclays PLC increased its holdings in shares of Fidelity National Financial by 4.4% during the third quarter. Barclays PLC now owns 216,755 shares of the financial services provider’s stock valued at $13,451,000 after acquiring an additional 9,146 shares in the last quarter. Horizon Kinetics Asset Management LLC raised its position in shares of Fidelity National Financial by 35.1% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 58,071 shares of the financial services provider’s stock worth $3,604,000 after purchasing an additional 15,100 shares during the last quarter. Finally, Cyndeo Wealth Partners LLC boosted its stake in Fidelity National Financial by 8.0% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 116,894 shares of the financial services provider’s stock worth $7,254,000 after purchasing an additional 8,618 shares in the last quarter. Hedge funds and other institutional investors 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.