Stephens Issues Pessimistic Forecast for Fidelity National Financial (NYSE:FNF) Stock Price

Fidelity National Financial (NYSE:FNF) had its price target lowered by investment analysts at Stephens from $61.00 to $58.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Stephens’ price target would indicate a potential upside of 21.08% from the company’s current price.

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

Fidelity National Financial Stock Performance

NYSE FNF opened at $47.90 on Tuesday. The business’s 50 day moving average price is $48.51 and its 200-day moving average price is $53.28. Fidelity National Financial has a fifty-two week low of $42.78 and a fifty-two week high of $61.40. The company has a market cap of $12.89 billion, a P/E ratio of 17.51, a P/E/G ratio of 0.67 and a beta of 1.00. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.24 and a current ratio of 44.42.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data 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 return on equity of 16.15% and a net margin of 5.10%.The firm had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same period in the previous year, the firm earned $0.78 earnings per share. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. Sell-side analysts predict that Fidelity National Financial will post 5.77 earnings per share for the current year.

Hedge Funds Weigh In On Fidelity National Financial

Hedge funds and other institutional investors have recently modified their holdings of the business. Quent Capital LLC purchased a new stake in Fidelity National Financial during the third quarter worth $26,000. Canton Hathaway LLC purchased a new stake in shares of Fidelity National Financial during the 4th quarter worth $26,000. Commonwealth Retirement Investments LLC bought a new stake in Fidelity National Financial during the fourth quarter valued at about $28,000. Atlantic Union Bankshares Corp grew its stake in 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 valued at $29,000 after purchasing an additional 429 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in Fidelity National Financial in the second quarter valued at about $32,000. 81.17% of the stock is currently owned by institutional investors.

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.