Fidelity National Financial (NYSE:FNF) Price Target Lowered to $63.00 at Barclays

Fidelity National Financial (NYSE:FNF) had its price objective dropped by equities research analysts at Barclays from $64.00 to $63.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s price objective suggests a potential upside of 10.82% from the company’s current price.

FNF has been the subject of several other research reports. Keefe, Bruyette & Woods raised their price objective on shares of Fidelity National Financial from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, December 18th. National Bankshares set a $63.00 price target on Fidelity National Financial in a report on Tuesday. Wall Street Zen raised Fidelity National Financial from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. Stephens assumed coverage on Fidelity National Financial in a research note on Friday, November 14th. They issued an “overweight” rating for the company. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Fidelity National Financial in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.25.

Fidelity National Financial Price Performance

Shares of NYSE FNF traded up $1.17 during midday trading on Tuesday, reaching $56.85. 936,104 shares of the company traded hands, compared to its average volume of 1,148,871. 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 quick ratio of 0.25 and a current ratio of 0.25. The stock’s 50-day simple moving average is $56.82 and its 200-day simple moving average is $57.39. The firm has a market cap of $15.98 billion, a PE ratio of 13.69 and a beta of 1.00.

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

Insiders Place Their Bets

In other Fidelity National Financial news, Director Daniel D. Lane sold 6,367 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $57.63, for a total transaction of $366,930.21. Following the completion of the sale, the director directly owned 276,308 shares of the company’s stock, valued at approximately $15,923,630.04. The trade was a 2.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 5.50% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Financial

Several institutional investors have recently modified their holdings of FNF. Quent Capital LLC acquired a new position in Fidelity National Financial in the third quarter valued at approximately $26,000. Blue Trust Inc. grew its holdings 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 worth $29,000 after acquiring an additional 500 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in Fidelity National Financial during the 2nd quarter worth $29,000. Mather Group LLC. bought a new stake in shares of Fidelity National Financial during the 3rd quarter valued at $29,000. Finally, Atlantic Union Bankshares Corp lifted its stake in shares of Fidelity National Financial by 997.7% in the 3rd 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 during the period. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Company Profile

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.