Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Fidelity National Financial (NYSE:FNF) Stock

Fidelity National Financial (NYSE:FNF) had its price objective hoisted by equities research analysts at Keefe, Bruyette & Woods from $63.00 to $64.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 4.87% from the stock’s previous close.

Several other equities analysts have also recently commented on FNF. Truist Financial increased their price target on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Stephens restated an “overweight” rating and set a $63.00 price objective on shares of Fidelity National Financial in a research note on Thursday, August 15th. Finally, Barclays boosted their target price on shares of Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Fidelity National Financial currently has an average rating of “Hold” and a consensus target price of $63.80.

Fidelity National Financial Trading Down 0.5 %

NYSE FNF traded down $0.28 during trading hours on Tuesday, hitting $61.03. 370,120 shares of the company’s stock were exchanged, compared to its average volume of 1,191,009. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a market capitalization of $16.70 billion, a P/E ratio of 22.19 and a beta of 1.36. The business’s 50 day moving average is $61.08 and its 200-day moving average is $56.63. Fidelity National Financial has a 12-month low of $46.55 and a 12-month high of $64.83.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). The business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The business’s revenue was up 29.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.23 EPS. As a group, analysts anticipate that Fidelity National Financial will post 4.55 EPS for the current fiscal year.

Insider Buying and Selling at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total value of $103,445.00. Following the completion of the sale, the director now owns 13,206 shares in the company, valued at approximately $803,585.10. This trade represents a 11.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.20% of the company’s stock.

Institutional Trading of Fidelity National Financial

Several large investors have recently made changes to their positions in the business. Cetera Advisors LLC lifted its stake in shares of Fidelity National Financial by 41.9% in the 1st quarter. Cetera Advisors LLC now owns 10,976 shares of the financial services provider’s stock valued at $583,000 after purchasing an additional 3,241 shares during the period. CWM LLC grew its position in shares of Fidelity National Financial by 122.6% during the 2nd quarter. CWM LLC now owns 5,816 shares of the financial services provider’s stock worth $287,000 after buying an additional 3,203 shares during the period. SG Americas Securities LLC increased its stake in shares of Fidelity National Financial by 31.1% in the 2nd quarter. SG Americas Securities LLC now owns 29,642 shares of the financial services provider’s stock valued at $1,465,000 after acquiring an additional 7,033 shares during the last quarter. M&G Plc acquired a new stake in shares of Fidelity National Financial in the 2nd quarter valued at approximately $629,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Fidelity National Financial by 5.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 20,880 shares of the financial services provider’s stock worth $1,032,000 after acquiring an additional 1,061 shares during the last quarter. Institutional investors own 81.17% of the company’s stock.

About Fidelity National Financial

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.