Keefe, Bruyette & Woods Lowers Fidelity National Financial (NYSE:FNF) Price Target to $63.00

Fidelity National Financial (NYSE:FNF) had its price objective dropped by equities research analysts at Keefe, Bruyette & Woods from $64.00 to $63.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 12.64% from the company’s current price.

Other analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and upped their target price for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Truist Financial upped their price target on shares of 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 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 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 an average rating of “Moderate Buy” and a consensus price target of $66.40.

Fidelity National Financial Stock Down 0.6 %

Fidelity National Financial stock opened at $55.93 on Wednesday. The firm has a market capitalization of $15.30 billion, a price-to-earnings ratio of 20.34 and a beta of 1.38. The firm has a 50 day simple moving average of $59.42 and a 200 day simple moving average of $57.73. Fidelity National Financial has a 1-year low of $46.85 and a 1-year high of $64.83. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47.

Fidelity National Financial (NYSE:FNF) last released 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). Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the previous year, the firm posted $1.23 earnings per share. The business’s revenue for the quarter was up 29.7% compared to the same quarter last year. On average, analysts predict that Fidelity National Financial will post 4.57 earnings per share for the current year.

Insider Buying and Selling

In other Fidelity National Financial news, Director Sandra Douglass Morgan sold 2,092 shares of the company’s stock in a transaction that occurred on 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 sale, the director now owns 32,386 shares of the company’s stock, valued at $1,824,303.38. This represents a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Fidelity National Financial

Hedge funds have recently made changes to their positions in the business. ZWJ Investment Counsel Inc. lifted its stake in Fidelity National Financial by 1.0% in the third quarter. ZWJ Investment Counsel Inc. now owns 19,740 shares of the financial services provider’s stock worth $1,225,000 after purchasing an additional 195 shares during the last quarter. Commerce Bank boosted its holdings in Fidelity National Financial by 3.5% during the 3rd quarter. Commerce Bank now owns 5,991 shares of the financial services provider’s stock valued at $372,000 after acquiring an additional 200 shares during the period. Intech Investment Management LLC grew its position in Fidelity National Financial by 1.3% during the 2nd quarter. Intech Investment Management LLC now owns 15,336 shares of the financial services provider’s stock worth $758,000 after acquiring an additional 202 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Fidelity National Financial by 13.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 213 shares during the period. Finally, First Horizon Advisors Inc. lifted its position in Fidelity National Financial by 32.6% in the third quarter. First Horizon Advisors Inc. now owns 878 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 216 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors.

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.