Fidelity National Financial (NYSE:FNF) Price Target Cut to $53.00

Fidelity National Financial (NYSE:FNF) had its target price cut by stock analysts at Keefe, Bruyette & Woods from $55.00 to $53.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective points to a potential upside of 8.78% from the company’s current price.

Several other research analysts have also recently issued reports on the stock. Barclays upped their target price on shares of Fidelity National Financial from $52.00 to $56.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Stephens lifted their target price on Fidelity National Financial from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, May 10th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Fidelity National Financial currently has an average rating of “Hold” and a consensus target price of $55.40.

Fidelity National Financial Trading Down 1.3 %

Shares of NYSE:FNF opened at $48.72 on Tuesday. Fidelity National Financial has a 52 week low of $34.96 and a 52 week high of $53.96. The company’s 50 day moving average is $50.30 and its two-hundred day moving average is $50.34. The company has a market cap of $13.31 billion, a PE ratio of 16.03 and a beta of 1.35. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Wednesday, May 8th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.08). The business had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $2.72 billion. Fidelity National Financial had a net margin of 6.55% and a return on equity of 14.24%. The business’s quarterly revenue was up 33.3% compared to the same quarter last year. During the same period last year, the company earned $0.52 EPS. Equities analysts predict that Fidelity National Financial will post 4.67 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Anthony Park sold 85,000 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $50.82, for a total value of $4,319,700.00. Following the completion of the sale, the chief financial officer now owns 99,049 shares in the company, valued at $5,033,670.18. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Halim Dhanidina sold 3,000 shares of Fidelity National Financial stock in a transaction that occurred on 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 directly owns 14,906 shares in the company, valued at approximately $754,839.84. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Anthony Park sold 85,000 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $50.82, for a total value of $4,319,700.00. Following the sale, the chief financial officer now owns 99,049 shares in the company, valued at $5,033,670.18. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

Institutional Trading of Fidelity National Financial

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Fidelity National Financial by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 26,875,738 shares of the financial services provider’s stock worth $1,427,102,000 after purchasing an additional 728,768 shares during the last quarter. Windacre Partnership LLC grew its position in shares of Fidelity National Financial by 9.6% in the first quarter. Windacre Partnership LLC now owns 16,249,267 shares of the financial services provider’s stock valued at $862,836,000 after purchasing an additional 1,424,767 shares during the period. First Eagle Investment Management LLC boosted its stake in Fidelity National Financial by 2.9% in the 4th quarter. First Eagle Investment Management LLC now owns 6,113,602 shares of the financial services provider’s stock worth $311,916,000 after buying an additional 171,521 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Fidelity National Financial by 195.2% during the 4th quarter. Victory Capital Management Inc. now owns 4,261,568 shares of the financial services provider’s stock worth $217,425,000 after acquiring an additional 2,818,001 shares during the period. Finally, Confluence Investment Management LLC acquired a new stake in shares of Fidelity National Financial in the first quarter worth approximately $135,347,000. 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.