Fidelity National Financial (NYSE:FNF) Coverage Initiated at Stephens

Stock analysts at Stephens began coverage on shares of Fidelity National Financial (NYSE:FNF) in a report released on Friday. The firm set an “overweight” rating on the financial services provider’s stock.

FNF has been the topic of several other research reports. Keefe, Bruyette & Woods lifted their price objective on Fidelity National Financial from $69.00 to $70.00 and gave the stock an “outperform” rating in a report on Monday. National Bankshares set a $64.00 price target on Fidelity National Financial in a research note on Monday, October 6th. Barclays reissued a “cautious” rating on shares of Fidelity National Financial in a research note on Monday, October 6th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Fidelity National Financial in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Fidelity National Financial currently has a consensus rating of “Moderate Buy” and an average price target of $70.00.

Fidelity National Financial Price Performance

Shares of NYSE FNF traded down $0.47 during trading hours on Friday, reaching $58.12. 136,555 shares of the stock traded hands, compared to its average volume of 1,456,731. The company’s 50-day simple moving average is $57.74 and its two-hundred day simple moving average is $57.44. The company has a market capitalization of $15.79 billion, a P/E ratio of 14.75 and a beta of 1.05. Fidelity National Financial has a 52-week low of $50.61 and a 52-week high of $66.72. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Thursday, July 13th. The financial services provider reported $0.76 EPS for the quarter. The business had revenue of $3.17 billion for the quarter. Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. Equities research analysts forecast that Fidelity National Financial will post 6.28 EPS for the current year.

Institutional Investors Weigh In On Fidelity National Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quent Capital LLC bought a new stake in shares of Fidelity National Financial during the 3rd quarter valued at $26,000. Blue Trust Inc. lifted its position in Fidelity National Financial by 4,545.5% during the 2nd quarter. Blue Trust Inc. now owns 511 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 500 shares during the period. Elevation Point Wealth Partners LLC bought a new stake in Fidelity National Financial during the second quarter worth about $29,000. Mather Group LLC. purchased a new stake in Fidelity National Financial in the third quarter worth about $29,000. Finally, Atlantic Union Bankshares Corp increased its stake in shares of Fidelity National Financial by 997.7% during the third quarter. Atlantic Union Bankshares Corp now owns 472 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 429 shares in the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

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.