Fidelity National Financial (NYSE:FNF) Price Target Cut to $55.00 by Analysts at Keefe, Bruyette & Woods

Fidelity National Financial (NYSE:FNF) had its target price reduced by research analysts at Keefe, Bruyette & Woods from $56.00 to $55.00 in a report released on Monday, Benzinga reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 6.88% from the company’s previous close.

FNF has been the subject of a number of other reports. Barclays upped their price objective on shares of Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Truist Financial upped their price target on shares of Fidelity National Financial from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Finally, Stephens increased their price objective on shares of Fidelity National Financial from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $55.80.

Fidelity National Financial Price Performance

Shares of NYSE:FNF traded down $0.07 during trading on Monday, hitting $51.46. 115,918 shares of the company’s stock were exchanged, compared to its average volume of 1,504,593. The company has a debt-to-equity ratio of 0.55, a current ratio of 34.88 and a quick ratio of 0.21. Fidelity National Financial has a 52-week low of $33.61 and a 52-week high of $53.96. The business’s 50-day simple moving average is $50.77 and its 200 day simple moving average is $48.74. The company has a market cap of $14.06 billion, a price-to-earnings ratio of 16.95 and a beta of 1.33.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.08). Fidelity National Financial had a return on equity of 14.61% and a net margin of 6.55%. The firm had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the previous year, the firm earned $0.52 EPS. The business’s revenue was up 33.3% compared to the same quarter last year. As a group, equities analysts predict that Fidelity National Financial will post 4.73 EPS for the current year.

Insider Activity

In other news, Director Halim Dhanidina sold 3,000 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $50.64, for a total transaction of $151,920.00. Following the completion of the sale, the director now owns 14,906 shares of the company’s stock, valued at $754,839.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Fidelity National Financial news, Director Cary H. Thompson sold 23,410 shares of Fidelity National Financial stock in a transaction on Monday, March 4th. The shares were sold at an average price of $51.11, for a total transaction of $1,196,485.10. Following the sale, the director now owns 40,317 shares of the company’s stock, valued at approximately $2,060,601.87. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Halim Dhanidina sold 3,000 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $50.64, for a total transaction of $151,920.00. Following the completion of the sale, the director now owns 14,906 shares of the company’s stock, valued at $754,839.84. The disclosure for this sale can be found here. Insiders own 5.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Covestor Ltd lifted its stake in shares of Fidelity National Financial by 109.0% in the 1st quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 303 shares during the last quarter. Vanguard Group Inc. raised its position in Fidelity National Financial by 2.8% in the first quarter. Vanguard Group Inc. now owns 26,875,738 shares of the financial services provider’s stock valued at $1,427,102,000 after purchasing an additional 728,768 shares during the period. Banco Santander S.A. acquired a new position in Fidelity National Financial during the 1st quarter worth about $617,000. Kingsview Wealth Management LLC lifted its position in shares of Fidelity National Financial by 2.4% during the first quarter. Kingsview Wealth Management LLC now owns 162,311 shares of the financial services provider’s stock worth $8,619,000 after purchasing an additional 3,763 shares in the last quarter. Finally, SageView Advisory Group LLC lifted its holdings in Fidelity National Financial by 323.5% during the 1st quarter. SageView Advisory Group LLC now owns 49,415 shares of the financial services provider’s stock worth $2,624,000 after buying an additional 37,747 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

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.