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

Fidelity National Financial (NYSE:FNF) was upgraded by research analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report released on Friday, MarketBeat.com reports. The firm currently has a $77.00 target price on the financial services provider’s stock, up from their prior target price of $76.00. Deutsche Bank Aktiengesellschaft’s price objective suggests a potential upside of 35.52% from the company’s current price.

Several other equities research analysts also recently weighed in on FNF. Keefe, Bruyette & Woods upped their target price on Fidelity National Financial from $63.00 to $64.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 10th. Truist Financial upped their price target on Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Barclays lifted 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 note on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $66.60.

Fidelity National Financial Trading Up 1.5 %

NYSE FNF opened at $56.82 on Friday. The firm has a market capitalization of $15.55 billion, a price-to-earnings ratio of 20.66 and a beta of 1.36. 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 has a one year low of $46.85 and a one year high of $64.83. The company’s 50 day moving average price is $59.77 and its 200 day moving average price is $57.54.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.32 billion. During the same period in the prior year, the business posted $1.23 EPS. The business’s revenue was up 29.7% on a year-over-year basis. On average, sell-side analysts predict that Fidelity National Financial will post 4.57 EPS for the current year.

Insider Activity

In related news, Director Sandra Douglass Morgan sold 2,092 shares of Fidelity National Financial stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total value of $117,842.36. Following the completion of the transaction, the director now directly owns 32,386 shares in the company, valued at approximately $1,824,303.38. This trade represents a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FNF. Everence Capital Management Inc. acquired a new stake in shares of Fidelity National Financial during the fourth quarter worth $621,000. GAMMA Investing LLC grew its position in shares of Fidelity National Financial by 19.8% during the 4th quarter. GAMMA Investing LLC now owns 7,458 shares of the financial services provider’s stock valued at $419,000 after buying an additional 1,233 shares during the last quarter. Versant Capital Management Inc raised its stake in Fidelity National Financial by 17.1% during the fourth quarter. Versant Capital Management Inc now owns 1,729 shares of the financial services provider’s stock worth $97,000 after acquiring an additional 252 shares during the period. Tidal Investments LLC raised its stake in Fidelity National Financial by 38.9% during the third quarter. Tidal Investments LLC now owns 6,756 shares of the financial services provider’s stock worth $419,000 after acquiring an additional 1,892 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in Fidelity National Financial in the third quarter worth about $672,000. Institutional investors own 81.17% of the company’s stock.

About Fidelity National Financial

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.