Stephens Lowers Fidelity National Financial (NYSE:FNF) Price Target to $58.00

Fidelity National Financial (NYSE:FNF) had its price objective cut by Stephens from $61.00 to $58.00 in a report issued on Tuesday, MarketBeat reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Stephens’ price objective points to a potential upside of 22.12% from the stock’s current price.

FNF has been the topic of several other research reports. Barclays cut their price target on shares of Fidelity National Financial from $54.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday. Wall Street Zen lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Monday, January 26th. Keefe, Bruyette & Woods cut their price target on shares of Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating on the stock in a report on Friday, April 10th. Zacks Research lowered shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Finally, Weiss Ratings lowered shares of Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 2nd. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $56.25.

Fidelity National Financial Trading Down 0.2%

NYSE FNF opened at $47.50 on Tuesday. Fidelity National Financial has a one year low of $42.78 and a one year high of $61.40. The company’s 50 day moving average price is $48.32 and its 200 day moving average price is $53.16. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.24 and a current ratio of 0.25. The firm has a market capitalization of $12.78 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 0.68 and a beta of 1.00.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.93 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.16). Fidelity National Financial had a net margin of 5.10% and a return on equity of 15.49%. The business had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter in the previous year, the business posted $0.78 EPS. The company’s quarterly revenue was up 18.2% on a year-over-year basis. On average, sell-side analysts predict that Fidelity National Financial will post 5.4 EPS for the current year.

Institutional Trading of Fidelity National Financial

Hedge funds have recently made changes to their positions in the company. Quent Capital LLC bought a new stake in shares of Fidelity National Financial in the third quarter worth $26,000. Canton Hathaway LLC bought a new stake in shares of Fidelity National Financial in the fourth quarter worth $26,000. Commonwealth Retirement Investments LLC bought a new stake in shares of Fidelity National Financial in the fourth quarter worth $28,000. Atlantic Union Bankshares Corp increased its stake in shares of Fidelity National Financial by 997.7% in the third quarter. Atlantic Union Bankshares Corp now owns 472 shares of the financial services provider’s stock worth $29,000 after buying an additional 429 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of Fidelity National Financial in the second quarter worth $32,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

About Fidelity National Financial

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.