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

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

Other equities analysts have also recently issued research reports about the company. Zacks Research cut Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, October 23rd. Keefe, Bruyette & Woods decreased their price objective on Fidelity National Financial from $64.00 to $61.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity National Financial in a research report on Tuesday, September 8th. Truist Financial lowered their target price on Fidelity National Financial from $70.00 to $59.00 and set a “buy” rating on the stock in a research note on Thursday, October 15th. Finally, Stephens dropped their target price on Fidelity National Financial from $55.00 to $50.00 and set an “overweight” rating on the stock in a report on Wednesday, October 21st. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $54.60.

Fidelity National Financial Stock Performance

NYSE FNF traded up $0.49 during trading on Monday, reaching $44.33. The company’s stock had a trading volume of 681,124 shares, compared to its average volume of 1,965,671. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.26 and a current ratio of 44.50. The firm has a market cap of $11.89 billion, a price-to-earnings ratio of 11.36 and a beta of 0.93. Fidelity National Financial has a twelve month low of $37.88 and a twelve month high of $59.99. The business’s fifty day moving average price is $41.81 and its 200-day moving average price is $47.76.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Thursday, November 5th. The financial services provider reported $1.32 earnings per share for the quarter, hitting the consensus estimate of $1.32. Fidelity National Financial had a net margin of 7.02% and a return on equity of 15.98%. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter in the prior year, the firm earned $1.63 earnings per share. As a group, analysts anticipate that Fidelity National Financial will post 5.07 EPS for the current fiscal year.

Institutional Trading of Fidelity National Financial

Institutional investors have recently modified their holdings of the business. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Fidelity National Financial in the second quarter worth $25,000. TD Waterhouse Canada Inc. increased its holdings in Fidelity National Financial by 183.3% in the third quarter. TD Waterhouse Canada Inc. now owns 850 shares of the financial services provider’s stock valued at $33,000 after buying an additional 550 shares in the last quarter. Pension & Wealth Management Advisors Inc. acquired a new position in shares of Fidelity National Financial during the 3rd quarter worth $37,000. Root Financial Partners LLC purchased a new stake in shares of Fidelity National Financial in the 3rd quarter worth about $38,000. Finally, Reyes Financial Architecture Inc. boosted its position in shares of Fidelity National Financial by 1,080.7% in the 3rd quarter. Reyes Financial Architecture Inc. now owns 1,039 shares of the financial services provider’s stock worth $40,000 after buying an additional 951 shares in the last quarter. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

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.