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

Fidelity National Financial (NYSE:FNF) had its price objective lowered by equities researchers at Barclays from $65.00 to $64.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s target price would indicate a potential upside of 12.90% from the company’s previous close.

Several other equities research analysts also recently commented on FNF. National Bankshares set a $64.00 price objective on Fidelity National Financial in a report on Monday. Weiss Ratings restated a “buy (b)” rating on shares of Fidelity National Financial in a report on Saturday, September 27th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $69.83.

Fidelity National Financial Stock Performance

FNF stock opened at $56.69 on Monday. The stock has a 50-day moving average price of $59.34 and a 200-day moving average price of $58.58. Fidelity National Financial has a 1-year low of $50.61 and a 1-year high of $66.72. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50. The firm has a market cap of $15.40 billion, a PE ratio of 14.39 and a beta of 1.05.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, August 6th. The financial services provider reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.24). The firm had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.64 billion. Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. The business’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.24 earnings per share. As a group, equities research analysts expect that Fidelity National Financial will post 6.28 earnings per share for the current year.

Institutional Trading of Fidelity National Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FNF. Blue Trust Inc. increased 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 purchasing an additional 500 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Fidelity National Financial during the 2nd quarter worth approximately $29,000. Cary Street Partners Investment Advisory LLC increased its holdings in Fidelity National Financial by 80.0% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 468 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 208 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in Fidelity National Financial during the 1st quarter worth approximately $32,000. Finally, Rise Advisors LLC bought a new stake in Fidelity National Financial during the 1st quarter worth approximately $32,000. 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.