Keefe, Bruyette & Woods Cuts Fidelity National Financial (NYSE:FNF) Price Target to $64.00

Fidelity National Financial (NYSE:FNF) had its price objective reduced by equities research analysts at Keefe, Bruyette & Woods from $67.00 to $64.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 38.59% from the company’s current price.

A number of other analysts have also issued reports on FNF. Weiss Ratings restated a “hold (c)” rating on shares of Fidelity National Financial in a research note on Thursday, June 11th. Zacks Research lowered shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. National Bank Financial set a $50.00 target price on shares of Fidelity National Financial in a research report on Monday, May 11th. Stephens cut their target price on shares of Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 12th. Finally, Barclays reduced their price target on shares of Fidelity National Financial from $54.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $55.50.

Fidelity National Financial Stock Down 0.3%

Shares of Fidelity National Financial stock traded down $0.16 during trading hours on Thursday, hitting $46.18. 791,254 shares of the company’s stock traded hands, compared to its average volume of 1,775,392. Fidelity National Financial has a twelve month low of $42.78 and a twelve month high of $61.40. The company has a market cap of $12.43 billion, a PE ratio of 16.87, a PEG ratio of 0.70 and a beta of 0.96. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.50. The stock has a 50 day simple moving average of $48.68 and a 200-day simple moving average of $51.08.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.16). Fidelity National Financial had a net margin of 5.10% and a return on equity of 15.49%. The business had revenue of $3.23 billion during the quarter, compared to analysts’ expectations of $3.61 billion. During the same period in the prior year, the company posted $0.78 EPS. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. Equities research analysts anticipate that Fidelity National Financial will post 5.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Fidelity National Financial

A number of institutional investors have recently modified their holdings of the business. Canton Hathaway LLC acquired a new stake in Fidelity National Financial during the fourth quarter worth about $26,000. Commonwealth Retirement Investments LLC bought a new position in shares of Fidelity National Financial during the fourth quarter valued at approximately $28,000. Headlands Technologies LLC acquired a new stake in shares of Fidelity National Financial during the 2nd quarter worth approximately $32,000. Cary Street Partners Investment Advisory LLC raised its position in shares of Fidelity National Financial by 57.2% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 970 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 353 shares during the period. Finally, Torren Management LLC bought a new stake in shares of Fidelity National Financial in the 4th quarter worth approximately $57,000. Institutional investors own 81.17% of the company’s stock.

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.