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

Fidelity National Financial (NYSE:FNF) had its target price dropped by investment analysts at Keefe, Bruyette & Woods from $64.00 to $63.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 13.21% from the company’s previous close.

Several other equities analysts also recently weighed in on FNF. Barclays lifted 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 report on Tuesday, October 8th. Truist Financial raised their target price on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and upped their price target for the company from $76.00 to $77.00 in a research note on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.40.

Fidelity National Financial Stock Down 1.1 %

FNF traded down $0.63 during midday trading on Wednesday, reaching $55.65. The company’s stock had a trading volume of 166,721 shares, compared to its average volume of 783,004. Fidelity National Financial has a 1 year low of $46.85 and a 1 year high of $64.83. The stock’s 50-day moving average is $59.61 and its 200-day moving average is $57.75. The firm has a market capitalization of $15.23 billion, a price-to-earnings ratio of 20.24 and a beta of 1.36. 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 announced its quarterly earnings results 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 business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the previous year, the company earned $1.23 earnings per share. The company’s revenue for the quarter was up 29.7% compared to the same quarter last year. As a group, research analysts expect that Fidelity National Financial will post 4.57 EPS for the current year.

Insider Activity at Fidelity National Financial

In other Fidelity National Financial news, Director Sandra Douglass Morgan sold 2,092 shares of the stock in a transaction 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 sale, the director now owns 32,386 shares in the company, valued at $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 SEC, which is available at this hyperlink. 5.20% of the stock is currently owned by insiders.

Institutional Trading of Fidelity National Financial

A number of large investors have recently made changes to their positions in the stock. Capital Performance Advisors LLP purchased a new position in shares of Fidelity National Financial during the third quarter worth approximately $32,000. Brooklyn Investment Group bought a new stake in Fidelity National Financial during the 3rd quarter valued at $35,000. True Wealth Design LLC purchased a new stake in shares of Fidelity National Financial in the 3rd quarter worth $41,000. UMB Bank n.a. grew its position in shares of Fidelity National Financial by 280.6% during the 3rd quarter. UMB Bank n.a. now owns 685 shares of the financial services provider’s stock worth $43,000 after buying an additional 505 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in shares of Fidelity National Financial by 141.1% during the third quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock valued at $43,000 after buying an additional 402 shares during the period. 81.17% of the stock is 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.