Fidelity National Financial (NYSE:FNF) Given New $55.00 Price Target at Keefe, Bruyette & Woods

Fidelity National Financial (NYSE:FNF) had its target price lifted by stock analysts at Keefe, Bruyette & Woods from $53.00 to $55.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods‘s target price indicates a potential upside of 22.33% from the stock’s current price.

Several other research firms also recently commented on FNF. Barclays upped their target price on Fidelity National Financial from $47.00 to $49.00 and gave the company an “equal weight” rating in a research report on Monday. National Bank Financial set a $54.00 price target on Fidelity National Financial in a report on Friday, August 7th. Stephens reduced their price target on Fidelity National Financial from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, October 21st. Zacks Research lowered Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday, October 23rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Fidelity National Financial in a research report on Tuesday, September 8th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Fidelity National Financial presently has a consensus rating of “Hold” and a consensus price target of $53.40.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $44.96 on Tuesday. Fidelity National Financial has a 52 week low of $37.88 and a 52 week high of $59.99. The company has a market capitalization of $12.06 billion, a price-to-earnings ratio of 8.16 and a beta of 0.93. The company has a 50-day simple moving average of $41.76 and a 200 day simple moving average of $47.72. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.26 and a current ratio of 0.26.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Thursday, November 5th. The financial services provider reported $1.32 earnings per share for the quarter, meeting the consensus estimate of $1.32. The firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.78 billion. Fidelity National Financial had a net margin of 5.03% and a return on equity of 16.07%. During the same period in the prior year, the firm earned $1.63 EPS. On average, sell-side analysts predict that Fidelity National Financial will post 5.07 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Avidian Wealth Enterprises LLC grew its position in Fidelity National Financial by 5.4% during the third quarter. Avidian Wealth Enterprises LLC now owns 5,255 shares of the financial services provider’s stock valued at $203,000 after buying an additional 267 shares during the period. Harbour Investments Inc. increased its holdings in Fidelity National Financial by 35.2% during the third quarter. Harbour Investments Inc. now owns 1,279 shares of the financial services provider’s stock worth $49,000 after buying an additional 333 shares during the last quarter. Focused Alpha LLC increased its holdings in Fidelity National Financial by 4.8% during the third quarter. Focused Alpha LLC now owns 8,928 shares of the financial services provider’s stock worth $345,000 after buying an additional 405 shares during the last quarter. Prosperitas Financial LLC raised its position in Fidelity National Financial by 7.4% in the third quarter. Prosperitas Financial LLC now owns 5,980 shares of the financial services provider’s stock worth $231,000 after acquiring an additional 410 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its position in Fidelity National Financial by 1.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 52,818 shares of the financial services provider’s stock worth $2,041,000 after acquiring an additional 500 shares during the period. 81.17% of the stock is owned by institutional investors.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc (NYSE: FNF) is a provider of title insurance and related services for real estate transactions. Through its title operations, the company offers title searches and insurance, escrow and closing services, and other support for buyers, sellers, lenders, and real estate professionals.

FNF also provides annuity and life insurance products through its F&G business. These offerings include fixed and fixed-indexed annuities and life insurance designed to help individuals and institutions address retirement and financial-protection needs.

The company is headquartered in Jacksonville, Florida, and serves customers primarily in the United States.