Fidelity National Financial (NYSE:FNF) PT Raised to $63.00 at Deutsche Bank Aktiengesellschaft

Fidelity National Financial (NYSE:FNF) had its target price raised by research analysts at Deutsche Bank Aktiengesellschaft from $61.00 to $63.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “hold” rating on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 15.98% from the company’s previous close.

A number of other research firms have also commented on FNF. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $53.00 target price on shares of Fidelity National Financial in a report on Tuesday. StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Truist Financial increased their target price on shares of Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday. Stephens reiterated an “overweight” rating and set a $60.00 target price on shares of Fidelity National Financial in a report on Tuesday. Finally, Barclays lifted their price target on shares of Fidelity National Financial from $52.00 to $56.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $57.33.

Fidelity National Financial Price Performance

NYSE:FNF traded up $0.89 during trading hours on Wednesday, reaching $54.32. The company had a trading volume of 689,023 shares, compared to its average volume of 1,317,140. The firm has a market capitalization of $14.84 billion, a PE ratio of 17.90 and a beta of 1.35. The stock has a 50-day moving average of $51.01 and a two-hundred day moving average of $50.90. Fidelity National Financial has a one year low of $37.10 and a one year high of $56.95. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Monday, August 5th. The financial services provider reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.03). The company had revenue of $3.16 billion during 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 company’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.01 EPS. Analysts forecast that Fidelity National Financial will post 4.58 earnings per share for the current year.

Insider Buying and Selling at Fidelity National Financial

In other news, CFO Anthony Park sold 85,000 shares of the stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $50.82, for a total transaction of $4,319,700.00. Following the completion of the transaction, the chief financial officer now directly owns 99,049 shares in the company, valued at approximately $5,033,670.18. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 5.20% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Financial

Several large investors have recently made changes to their positions in FNF. Raymond James Financial Services Advisors Inc. lifted its stake in Fidelity National Financial by 4.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 16,701 shares of the financial services provider’s stock valued at $852,000 after acquiring an additional 684 shares during the last quarter. Fifth Third Bancorp increased its position in Fidelity National Financial by 66.5% during the fourth quarter. Fifth Third Bancorp now owns 2,897 shares of the financial services provider’s stock worth $148,000 after buying an additional 1,157 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Fidelity National Financial by 0.7% in the fourth quarter. Arizona State Retirement System now owns 71,064 shares of the financial services provider’s stock valued at $3,626,000 after buying an additional 517 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Fidelity National Financial during the 4th quarter valued at $1,669,000. Finally, Allworth Financial LP grew its stake in Fidelity National Financial by 19.2% in the 4th quarter. Allworth Financial LP now owns 8,400 shares of the financial services provider’s stock valued at $429,000 after buying an additional 1,354 shares during the last quarter. Institutional investors and hedge funds 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.