Fidelity National Financial (NYSE:FNF) Given New $50.00 Price Target at Barclays

Fidelity National Financial (NYSE:FNF) had its price target cut by equities researchers at Barclays from $54.00 to $50.00 in a report issued on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s target price would indicate a potential upside of 0.69% from the company’s previous close.

A number of other brokerages also recently commented on FNF. Wall Street Zen downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Monday, January 26th. Weiss Ratings cut Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 2nd. National Bank Financial set a $50.00 price objective on shares of Fidelity National Financial in a report on Monday. Finally, Keefe, Bruyette & Woods lowered their price target on Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating for the company in a report on Friday, April 10th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Fidelity National Financial currently has an average rating of “Moderate Buy” and a consensus price target of $55.67.

Fidelity National Financial Price Performance

NYSE FNF opened at $49.66 on Monday. The company has a market capitalization of $13.37 billion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 0.67 and a beta of 1.00. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.24 and a current ratio of 44.42. The business’s fifty day moving average is $48.61 and its 200 day moving average is $53.38. Fidelity National Financial has a fifty-two week low of $42.78 and a fifty-two week high of $61.40.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.93 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.16). The company had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.61 billion. Fidelity National Financial had a return on equity of 16.15% and a net margin of 5.10%.The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period last year, the business earned $0.78 EPS. Sell-side analysts predict that Fidelity National Financial will post 5.77 earnings per share for the current year.

Institutional Investors Weigh In On Fidelity National Financial

A number of institutional investors and hedge funds have recently modified their holdings of the company. Oslo Pensjonsforsikring AS purchased a new position in Fidelity National Financial during the 1st quarter worth approximately $178,000. MWA Asset Management acquired a new stake in shares of Fidelity National Financial in the first quarter valued at about $1,687,000. Commerzbank Aktiengesellschaft FI increased its stake in shares of Fidelity National Financial by 31.3% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 18,615 shares of the financial services provider’s stock worth $863,000 after purchasing an additional 4,441 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Fidelity National Financial by 30.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,210,824 shares of the financial services provider’s stock worth $195,287,000 after buying an additional 973,891 shares in the last quarter. Finally, SEB Asset Management AB purchased a new stake in shares of Fidelity National Financial during the first quarter worth approximately $13,359,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

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.