Keefe, Bruyette & Woods Lowers Fidelity National Financial (NYSE:FNF) Price Target to $61.00

Fidelity National Financial (NYSE:FNF) had its price target lowered by equities researchers at Keefe, Bruyette & Woods from $64.00 to $61.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 24.35% from the company’s current price.

Several other analysts have also recently weighed in on the company. Stephens cut their price objective on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Fidelity National Financial in a research report on Thursday, June 11th. National Bank Financial set a $54.00 target price on Fidelity National Financial in a research note on Friday. Barclays lifted their price target on Fidelity National Financial from $51.00 to $54.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Zacks Research cut Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $56.75.

Fidelity National Financial Trading Down 2.2%

NYSE:FNF opened at $49.05 on Monday. The company has a 50-day moving average price of $49.05 and a 200-day moving average price of $49.93. The stock has a market cap of $13.16 billion, a price-to-earnings ratio of 17.44, a P/E/G ratio of 0.75 and a beta of 0.95. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.50. Fidelity National Financial has a 12 month low of $42.78 and a 12 month high of $61.40.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.08. Fidelity National Financial had a net margin of 5.03% and a return on equity of 16.07%. The company had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter in the previous year, the company earned $1.16 earnings per share. Fidelity National Financial’s quarterly revenue was up 11.4% on a year-over-year basis. Equities analysts predict that Fidelity National Financial will post 5.11 EPS for the current year.

Insider Buying and Selling

In other Fidelity National Financial news, EVP Peter T. Sadowski sold 69,196 shares of the company’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $45.70, for a total value of $3,162,257.20. Following the sale, the executive vice president owned 5,702 shares in the company, valued at approximately $260,581.40. This represents a 92.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Fidelity National Financial

Several large investors have recently made changes to their positions in the business. Windacre Partnership LLC boosted its position in shares of Fidelity National Financial by 31.0% in the 3rd quarter. Windacre Partnership LLC now owns 18,905,100 shares of the financial services provider’s stock worth $1,143,569,000 after purchasing an additional 4,477,900 shares in the last quarter. State Street Corp grew its stake in shares of Fidelity National Financial by 0.3% in the 3rd quarter. State Street Corp now owns 9,469,029 shares of the financial services provider’s stock worth $572,782,000 after buying an additional 31,318 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Fidelity National Financial by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,353,982 shares of the financial services provider’s stock valued at $510,634,000 after buying an additional 193,629 shares in the last quarter. AQR Capital Management LLC increased its position in Fidelity National Financial by 34.5% during the 4th quarter. AQR Capital Management LLC now owns 6,800,697 shares of the financial services provider’s stock valued at $371,250,000 after buying an additional 1,743,342 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its stake in Fidelity National Financial by 0.9% during the fourth quarter. First Eagle Investment Management LLC now owns 6,102,523 shares of the financial services provider’s stock valued at $333,137,000 after buying an additional 54,756 shares during 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 (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.