Fidelity National Financial (NYSE:FNF) Stock Gets Price Target Increase from Barclays

Fidelity National Financial (NYSE:FNF) had its target price upped by Barclays from $47.00 to $49.00 in a research note issued on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s price target would indicate a potential upside of 10.54% from the stock’s current price.

A number of other brokerages have also weighed in on FNF. National Bank Financial set a $54.00 price objective on Fidelity National Financial in a report on Friday, August 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity National Financial in a research note on Tuesday, September 8th. Zacks Research lowered shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday, October 23rd. Truist Financial reduced their target price on shares of Fidelity National Financial from $70.00 to $59.00 and set a “buy” rating for the company in a research report on Thursday, October 15th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Fidelity National Financial from $64.00 to $61.00 and set an “outperform” rating on the stock in a research note on Monday, August 10th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Fidelity National Financial has an average rating of “Hold” and a consensus price target of $54.60.

Fidelity National Financial Price Performance

Shares of FNF stock traded up $0.49 during trading hours on Monday, hitting $44.33. 681,124 shares of the company’s stock were exchanged, compared to its average volume of 1,965,671. Fidelity National Financial has a fifty-two week low of $37.88 and a fifty-two week high of $59.99. The firm has a market cap of $11.89 billion, a P/E ratio of 11.36 and a beta of 0.93. The company has a quick ratio of 0.26, a current ratio of 44.50 and a debt-to-equity ratio of 0.59. The firm has a 50 day moving average of $41.81 and a two-hundred day moving average of $47.76.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Thursday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.32. The firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.78 billion. Fidelity National Financial had a net margin of 7.02% and a return on equity of 15.98%. During the same quarter last year, the company earned $1.63 EPS. Sell-side analysts forecast that Fidelity National Financial will post 5.07 EPS for the current year.

Institutional Trading of Fidelity National Financial

Several institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp purchased a new position in Fidelity National Financial during the 2nd quarter worth approximately $112,882,000. Dimensional Fund Advisors LP increased its position in Fidelity National Financial by 30.1% during the first quarter. Dimensional Fund Advisors LP now owns 4,210,824 shares of the financial services provider’s stock worth $195,287,000 after buying an additional 973,891 shares during the period. Hsbc Holdings PLC lifted its stake in Fidelity National Financial by 70.3% in the first quarter. Hsbc Holdings PLC now owns 896,177 shares of the financial services provider’s stock valued at $41,524,000 after buying an additional 369,908 shares during the last quarter. Squarepoint Ops LLC lifted its stake in Fidelity National Financial by 74.4% in the second quarter. Squarepoint Ops LLC now owns 688,380 shares of the financial services provider’s stock valued at $32,464,000 after buying an additional 293,761 shares during the last quarter. Finally, SEB Asset Management AB purchased a new stake in Fidelity National Financial in the first quarter valued at approximately $13,359,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

About Fidelity National Financial

Fidelity National Financial, Inc (NYSE: FNF) is a provider of title insurance and related services for real estate transactions. Through its title operations, the company offers title searches and insurance, escrow and closing services, and other support for buyers, sellers, lenders, and real estate professionals.

FNF also provides annuity and life insurance products through its F&G business. These offerings include fixed and fixed-indexed annuities and life insurance designed to help individuals and institutions address retirement and financial-protection needs.

The company is headquartered in Jacksonville, Florida, and serves customers primarily in the United States.