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

Fidelity National Financial (NYSE:FNF) had its target price reduced by analysts at Keefe, Bruyette & Woods from $64.00 to $63.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 13.21% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. Barclays raised their price target on shares of Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Finally, Truist Financial lifted their price objective on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Fidelity National Financial has an average rating of “Moderate Buy” and a consensus target price of $66.40.

Fidelity National Financial Trading Down 1.1 %

Shares of Fidelity National Financial stock traded down $0.63 on Wednesday, hitting $55.65. The stock had a trading volume of 166,721 shares, compared to its average volume of 783,004. The stock has a 50 day moving average of $59.61 and a 200 day moving average of $57.75. 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 twelve month low of $46.85 and a twelve month high of $64.83. The firm has a market capitalization of $15.23 billion, a P/E ratio of 20.24 and a beta of 1.36.

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

Insider Buying and Selling at Fidelity National Financial

In other news, Director Sandra Douglass Morgan sold 2,092 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the transaction, the director now directly owns 32,386 shares of the company’s stock, valued at approximately $1,824,303.38. This trade represents a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Financial

Institutional investors have recently bought and sold shares of the stock. Fortem Financial Group LLC lifted its position in Fidelity National Financial by 3.4% in the fourth quarter. Fortem Financial Group LLC now owns 16,212 shares of the financial services provider’s stock valued at $910,000 after purchasing an additional 532 shares during the last quarter. Everence Capital Management Inc. bought a new position in Fidelity National Financial in the fourth quarter worth about $621,000. GAMMA Investing LLC lifted its holdings in Fidelity National Financial by 19.8% in the fourth quarter. GAMMA Investing LLC now owns 7,458 shares of the financial services provider’s stock worth $419,000 after buying an additional 1,233 shares during the period. Versant Capital Management Inc grew its holdings in shares of Fidelity National Financial by 17.1% during the 4th 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. Finally, Tidal Investments LLC raised its position in shares of Fidelity National Financial by 38.9% in the 3rd 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 in the last quarter. 81.17% of the stock is currently owned by hedge funds and other 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.