FNF Stock Hits All-Time High at $66.53 Amid Strong Market Performance

Fidelity National Financial , Inc. (NYSE:FNF) has reached an all-time high, with its stock price soaring to $66.53. According to InvestingPro data, the company’s current Fair Value assessment suggests the stock is fairly valued, with a market capitalization of $18.3 billion and a P/E ratio of 14.2x. This milestone reflects a significant uptrend in the company’s market valuation, marking a remarkable 1-year total return of 31.12%. Investors have shown increased confidence in FNF’s business model and growth prospects, propelling the stock to new heights. The company’s performance is validated by its "GREAT" Financial Health Score from InvestingPro, strong revenue growth of 16.3%, and impressive dividend track record of 13 consecutive years of increases. The company’s robust financial health and positive sentiment surrounding its strategic initiatives and market position are further supported by 8 additional exclusive ProTips available on InvestingPro.

In other recent news, Fidelity National Financial reported strong fourth-quarter 2024 earnings, surpassing both earnings per share (EPS) and revenue forecasts. The company achieved an EPS of $1.34, exceeding the anticipated $1.21, with revenues reaching $3.62 billion against a forecast of $3.32 billion. This performance was bolstered by significant growth in the title and F&G segments. Stephens analysts raised Fidelity National’s price target to $75, highlighting the company’s robust quarterly performance, particularly in the Title segment, which saw a notable year-over-year pretax margin expansion. Fidelity Guaranty, a subsidiary, also contributed significantly, accounting for 38% of the company’s consolidated earnings for fiscal year 2024. Keefe, Bruyette & Woods (KBW) also updated their outlook, raising Fidelity National’s price target to $65 and revising EPS estimates for the coming years, citing higher anticipated pre-tax title margins. Despite the upward revisions, KBW maintained a Market Perform rating, noting limited near-term catalysts for stock movement. Fidelity National’s recent authorization of a $25 million share buyback further underscores its strong financial position amid challenging market conditions.

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