Fidelity National Financial (NYSE:FNF) Upgraded by StockNews.com to “Buy” Rating

Fidelity National Financial (NYSE:FNF) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Monday.

Several other research analysts have also recently commented on the stock. Stephens raised their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday. Keefe, Bruyette & Woods reduced their price target on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd. Truist Financial increased their target price on Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Barclays lifted their price target on Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a report on Monday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Fidelity National Financial has an average rating of “Moderate Buy” and an average price target of $70.40.

Fidelity National Financial Price Performance

Shares of NYSE:FNF traded up $0.47 on Monday, reaching $59.93. 2,030,642 shares of the company traded hands, compared to its average volume of 965,524. The stock has a market capitalization of $16.40 billion, a PE ratio of 12.89 and a beta of 1.39. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The company’s 50 day moving average is $57.25 and its 200-day moving average is $59.11. Fidelity National Financial has a fifty-two week low of $46.85 and a fifty-two week high of $64.83.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, beating the consensus estimate 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 business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same period in the prior year, the business posted $0.75 earnings per share. As a group, analysts anticipate that Fidelity National Financial will post 6.28 earnings per share for the current fiscal year.

Insider Transactions at Fidelity National Financial

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FNF. Norges Bank bought a new stake in Fidelity National Financial during the fourth quarter worth approximately $158,386,000. Invesco Ltd. boosted its holdings in shares of Fidelity National Financial by 53.3% during the 4th quarter. Invesco Ltd. now owns 2,199,684 shares of the financial services provider’s stock worth $123,490,000 after buying an additional 764,958 shares during the period. Hsbc Holdings PLC grew its stake in Fidelity National Financial by 99.0% in the 4th quarter. Hsbc Holdings PLC now owns 1,437,460 shares of the financial services provider’s stock valued at $80,689,000 after buying an additional 715,070 shares during the last quarter. AQR Capital Management LLC raised its holdings in Fidelity National Financial by 135.8% in the 4th quarter. AQR Capital Management LLC now owns 1,167,485 shares of the financial services provider’s stock worth $65,543,000 after acquiring an additional 672,323 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Fidelity National Financial during the 4th quarter worth $33,103,000. 81.17% of the stock is owned by institutional investors.

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.