Fidelity National Financial (NYSE:FNF) Price Target Raised to $72.00

Fidelity National Financial (NYSE:FNF) had its target price increased by analysts at Keefe, Bruyette & Woods from $70.00 to $72.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 28.95% from the stock’s previous close.

A number of other research firms have also issued reports on FNF. National Bankshares set a $72.00 target price on shares of Fidelity National Financial in a report on Thursday. Stephens started coverage on shares of Fidelity National Financial in a research note on Friday, November 14th. They set an “overweight” rating on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Fidelity National Financial in a research report on Monday. Finally, Barclays reaffirmed a “cautious” rating on shares of Fidelity National Financial in a research note on Monday, October 6th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $72.00.

Fidelity National Financial Stock Down 2.8%

Shares of NYSE FNF opened at $55.84 on Thursday. The firm’s 50-day moving average is $57.07 and its two-hundred day moving average is $57.33. The company has a market capitalization of $15.14 billion, a PE ratio of 12.98 and a beta of 1.01. Fidelity National Financial has a 12-month low of $50.61 and a 12-month high of $66.72. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.25 and a quick ratio of 0.25.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Thursday, July 13th. The financial services provider reported $0.76 earnings per share for the quarter. The company had revenue of $3.17 billion during the quarter. Fidelity National Financial had a return on equity of 15.06% and a net margin of 8.34%. Equities analysts anticipate that Fidelity National Financial will post 6.28 EPS for the current fiscal year.

Insider Activity at Fidelity National Financial

In related news, Director Daniel D. Lane sold 6,367 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $57.63, for a total value of $366,930.21. Following the transaction, the director directly owned 276,308 shares of the company’s stock, valued at approximately $15,923,630.04. This trade represents a 2.25% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Fidelity National Financial

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Fidelity National Financial by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 27,755,047 shares of the financial services provider’s stock worth $1,555,948,000 after purchasing an additional 580,133 shares during the period. Windacre Partnership LLC raised its holdings in Fidelity National Financial by 31.0% in the third quarter. Windacre Partnership LLC now owns 18,905,100 shares of the financial services provider’s stock valued at $1,143,569,000 after buying an additional 4,477,900 shares during the period. State Street Corp raised its holdings in Fidelity National Financial by 0.3% in the third quarter. State Street Corp now owns 9,469,029 shares of the financial services provider’s stock valued at $572,782,000 after buying an additional 31,318 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Fidelity National Financial by 2.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 9,235,289 shares of the financial services provider’s stock valued at $517,730,000 after buying an additional 234,288 shares in the last quarter. Finally, Cooke & Bieler LP increased its position in shares of Fidelity National Financial by 12.3% in the third quarter. Cooke & Bieler LP now owns 5,258,399 shares of the financial services provider’s stock worth $318,081,000 after acquiring an additional 574,189 shares in the last quarter. 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.