Fidelity National Financial (NYSE:FNF) Given New $75.00 Price Target at Stephens

Fidelity National Financial (NYSE:FNF) had its price target raised by research analysts at Stephens from $68.00 to $75.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the financial services provider’s stock. Stephens’ price objective indicates a potential upside of 26.05% from the stock’s previous close.

FNF has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and upped their price target for the company from $76.00 to $77.00 in a research note on Friday, January 3rd. Keefe, Bruyette & Woods lowered their price target on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a report on Wednesday, January 8th. Finally, Truist Financial upped their price objective on Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Fidelity National Financial has an average rating of “Moderate Buy” and an average price target of $68.80.

Fidelity National Financial Price Performance

Fidelity National Financial stock opened at $59.50 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a market cap of $16.28 billion, a P/E ratio of 12.80 and a beta of 1.39. The business’s fifty day moving average is $57.25 and its two-hundred day moving average is $59.07. Fidelity National Financial has a 52 week low of $46.85 and a 52 week high of $64.83.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same quarter in the previous year, the firm earned $0.75 earnings per share. Equities research analysts forecast that Fidelity National Financial will post 6.28 earnings per share for the current fiscal year.

Insider Activity at Fidelity National Financial

In related news, Director Sandra Douglass Morgan sold 2,092 shares of the stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the completion of the transaction, the director now directly owns 32,386 shares of the company’s stock, valued at approximately $1,824,303.38. This represents a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Halim Dhanidina sold 2,800 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $54.85, for a total value of $153,580.00. Following the transaction, the director now directly owns 16,716 shares of the company’s stock, valued at $916,872.60. This trade represents a 14.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

Institutional Trading of Fidelity National Financial

Hedge funds have recently made changes to their positions in the business. Swedbank AB lifted its position in shares of Fidelity National Financial by 25.1% in the third quarter. Swedbank AB now owns 42,375 shares of the financial services provider’s stock valued at $2,630,000 after buying an additional 8,511 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in shares of Fidelity National Financial in the fourth quarter valued at approximately $621,000. Horizon Kinetics Asset Management LLC lifted its position in shares of Fidelity National Financial by 35.1% in the third quarter. Horizon Kinetics Asset Management LLC now owns 58,071 shares of the financial services provider’s stock valued at $3,604,000 after buying an additional 15,100 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Fidelity National Financial by 19.8% in the fourth quarter. GAMMA Investing LLC now owns 7,458 shares of the financial services provider’s stock valued at $419,000 after buying an additional 1,233 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of Fidelity National Financial by 4.4% in the third quarter. Barclays PLC now owns 216,755 shares of the financial services provider’s stock valued at $13,451,000 after buying an additional 9,146 shares during the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

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.