Fidelity National Financial (NYSE:FNF) Price Target Raised to $64.00

Fidelity National Financial (NYSE:FNF) had its price target upped by equities research analysts at Truist Financial from $62.00 to $64.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the financial services provider’s stock. Truist Financial’s price objective points to a potential upside of 19.74% from the company’s current price.

FNF has been the topic of a number of other research reports. Stephens reissued an “overweight” rating and set a $60.00 price objective on shares of Fidelity National Financial in a research report on Tuesday. Barclays increased their price target on Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $53.00 price objective on shares of Fidelity National Financial in a report on Tuesday. Finally, StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $56.20.

Fidelity National Financial Price Performance

Shares of FNF opened at $53.45 on Wednesday. The firm has a market cap of $14.60 billion, a PE ratio of 17.58 and a beta of 1.35. Fidelity National Financial has a 52-week low of $37.10 and a 52-week high of $56.95. The business’s 50 day moving average price is $51.01 and its two-hundred day moving average price is $50.90. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.21 and a current ratio of 0.21.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Monday, August 5th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.03). The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.20 billion. Fidelity National Financial had a net margin of 6.55% and a return on equity of 14.24%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.01 EPS. On average, equities analysts anticipate that Fidelity National Financial will post 4.58 EPS for the current year.

Insider Activity at Fidelity National Financial

In related news, CFO Anthony Park sold 85,000 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $50.82, for a total value of $4,319,700.00. Following the completion of the sale, the chief financial officer now directly owns 99,049 shares of the company’s stock, valued at approximately $5,033,670.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 5.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Fidelity National Financial

Institutional investors have recently added to or reduced their stakes in the company. KBC Group NV boosted its stake in shares of Fidelity National Financial by 845.5% in the 4th quarter. KBC Group NV now owns 631,801 shares of the financial services provider’s stock worth $32,234,000 after buying an additional 564,980 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Fidelity National Financial during the fourth quarter worth $1,669,000. BNP Paribas Financial Markets boosted its position in Fidelity National Financial by 673.6% in the first quarter. BNP Paribas Financial Markets now owns 666,900 shares of the financial services provider’s stock worth $35,412,000 after purchasing an additional 580,694 shares during the last quarter. State Board of Administration of Florida Retirement System grew its stake in Fidelity National Financial by 7.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 327,206 shares of the financial services provider’s stock valued at $17,375,000 after purchasing an additional 23,358 shares during the period. Finally, Lecap Asset Management Ltd. bought a new position in Fidelity National Financial in the 4th quarter valued at $1,335,000. 81.17% of the stock is owned by institutional investors.

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.