Keefe, Bruyette & Woods Upgrades Fidelity National Financial (NYSE:FNF) to Outperform

Fidelity National Financial (NYSE:FNF) was upgraded by stock analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research note issued on Tuesday, Marketbeat reports. The firm currently has a $69.00 target price on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 12.78% from the stock’s previous close.

FNF has been the topic of a number of other research reports. StockNews.com downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Stephens increased their price target on Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, February 24th. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and increased their price target for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd. Finally, Barclays increased their price target on Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $71.60.

Fidelity National Financial Stock Performance

FNF stock opened at $61.18 on Tuesday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The business’s fifty day simple moving average is $61.47 and its two-hundred day simple moving average is $60.18. Fidelity National Financial has a twelve month low of $46.85 and a twelve month high of $66.72. The firm has a market cap of $16.82 billion, a price-to-earnings ratio of 13.16 and a beta of 1.09.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same quarter last year, the firm posted $0.75 earnings per share. Analysts predict that Fidelity National Financial will post 6.28 earnings per share for the current year.

Insider Activity at Fidelity National Financial

In related news, Director Halim Dhanidina sold 2,800 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $54.85, for a total transaction of $153,580.00. Following the sale, the director now owns 16,716 shares of the company’s stock, valued at $916,872.60. This trade represents a 14.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Fidelity National Financial

A number of institutional investors have recently added to or reduced their stakes in the stock. Kaizen Financial Strategies boosted its holdings in Fidelity National Financial by 4.8% in the first quarter. Kaizen Financial Strategies now owns 4,136 shares of the financial services provider’s stock worth $269,000 after acquiring an additional 188 shares in the last quarter. Chesley Taft & Associates LLC boosted its holdings in Fidelity National Financial by 1.2% in the fourth quarter. Chesley Taft & Associates LLC now owns 16,686 shares of the financial services provider’s stock worth $937,000 after acquiring an additional 200 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in Fidelity National Financial by 0.3% in the fourth quarter. Louisiana State Employees Retirement System now owns 72,200 shares of the financial services provider’s stock worth $4,053,000 after acquiring an additional 200 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in Fidelity National Financial by 50.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 209 shares in the last quarter. Finally, Essex Financial Services Inc. boosted its holdings in Fidelity National Financial by 5.3% in the fourth quarter. Essex Financial Services Inc. now owns 4,206 shares of the financial services provider’s stock worth $236,000 after acquiring an additional 211 shares in the last quarter. 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.