Fidelity National Financial (NYSE:FNF) Receives “Overweight” Rating from Stephens

Fidelity National Financial (NYSE:FNF)‘s stock had its “overweight” rating reissued by investment analysts at Stephens in a report released on Monday,Benzinga reports. They currently have a $55.00 target price on the financial services provider’s stock. Stephens’ target price would indicate a potential upside of 16.23% from the stock’s current price.

FNF has been the subject of several other research reports. National Bank Financial set a $54.00 target price on shares of Fidelity National Financial in a research note on Friday, August 7th. Keefe, Bruyette & Woods decreased their price target on shares of Fidelity National Financial from $64.00 to $61.00 and set an “outperform” rating for the company in a report on Monday, August 10th. Barclays lifted their price target on shares of Fidelity National Financial from $51.00 to $54.00 and gave the company an “equal weight” rating in a report on Friday, August 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity National Financial in a research report on Thursday, June 11th. Finally, Zacks Research lowered shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Fidelity National Financial currently has a consensus rating of “Hold” and an average target price of $56.00.

Fidelity National Financial Price Performance

Shares of FNF opened at $47.32 on Monday. Fidelity National Financial has a 52 week low of $42.78 and a 52 week high of $61.40. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.50. The firm has a market cap of $12.69 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 0.71 and a beta of 0.95. The stock has a 50 day moving average of $49.30 and a 200-day moving average of $49.50.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.08. Fidelity National Financial had a return on equity of 16.07% and a net margin of 5.03%.The business had revenue of $4.05 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same period in the prior year, the company posted $1.16 EPS. The business’s revenue was up 11.4% compared to the same quarter last year. As a group, analysts forecast that Fidelity National Financial will post 5.14 EPS for the current year.

Insider Buying and Selling

In other Fidelity National Financial news, EVP Peter T. Sadowski sold 69,196 shares of the company’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $45.70, for a total value of $3,162,257.20. Following the completion of the transaction, the executive vice president owned 5,702 shares in the company, valued at approximately $260,581.40. This represents a 92.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On Fidelity National Financial

Several hedge funds and other institutional investors have recently made changes to their positions in FNF. California State Teachers Retirement System grew its holdings in Fidelity National Financial by 4,524.8% in the 2nd quarter. California State Teachers Retirement System now owns 20,659,240 shares of the financial services provider’s stock worth $974,290,000 after buying an additional 20,212,535 shares in the last quarter. Windacre Partnership LLC raised its stake in Fidelity National Financial by 31.0% during the 3rd quarter. Windacre Partnership LLC now owns 18,905,100 shares of the financial services provider’s stock valued at $1,143,569,000 after acquiring an additional 4,477,900 shares in the last quarter. State Street Corp boosted its position in Fidelity National Financial by 0.3% during the 3rd quarter. State Street Corp now owns 9,469,029 shares of the financial services provider’s stock worth $572,782,000 after acquiring an additional 31,318 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Fidelity National Financial by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,353,982 shares of the financial services provider’s stock worth $510,634,000 after acquiring an additional 193,629 shares during the period. Finally, AQR Capital Management LLC grew its stake in shares of Fidelity National Financial by 34.5% in the fourth quarter. AQR Capital Management LLC now owns 6,800,697 shares of the financial services provider’s stock worth $371,250,000 after purchasing an additional 1,743,342 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Company Profile

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.