Fidelity National Financial (NYSE:FNF) PT Raised to $56.00 at Barclays

Fidelity National Financial (NYSE:FNF) had its target price lifted by research analysts at Barclays from $52.00 to $56.00 in a report issued on Tuesday, Benzinga reports. The firm currently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s price target points to a potential upside of 15.99% from the stock’s current price.

A number of other analysts have also recently weighed in on FNF. Keefe, Bruyette & Woods boosted their target price on shares of Fidelity National Financial from $54.00 to $56.00 and gave the stock a “market perform” rating in a research note on Thursday, March 21st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Fidelity National Financial in a research note on Wednesday, January 10th. They set a “hold” rating on the stock. Finally, Truist Financial boosted their target price on shares of Fidelity National Financial from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $54.20.

Fidelity National Financial Stock Down 8.5 %

Shares of FNF opened at $48.28 on Tuesday. Fidelity National Financial has a one year low of $32.02 and a one year high of $53.96. The company has a market cap of $13.19 billion, a P/E ratio of 25.28 and a beta of 1.34. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.21 and a quick ratio of 0.21. The firm has a 50 day simple moving average of $51.19 and a two-hundred day simple moving average of $47.13.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Wednesday, February 21st. The financial services provider reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.27). The company had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $2.80 billion. Fidelity National Financial had a return on equity of 13.91% and a net margin of 4.40%. During the same period in the previous year, the firm posted $1.06 EPS. Research analysts forecast that Fidelity National Financial will post 4.81 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Halim Dhanidina sold 3,265 shares of the business’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $49.34, for a total value of $161,095.10. Following the transaction, the director now owns 17,906 shares in the company, valued at $883,482.04. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, Director Halim Dhanidina sold 3,265 shares of the business’s stock in a transaction on Friday, January 12th. The shares were sold at an average price of $49.34, for a total value of $161,095.10. Following the transaction, the director now owns 17,906 shares in the company, valued at $883,482.04. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Daniel D. Lane sold 6,131 shares of the business’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $48.19, for a total transaction of $295,452.89. Following the completion of the transaction, the director now owns 271,495 shares in the company, valued at approximately $13,083,344.05. The disclosure for this sale can be found here. Insiders have sold a total of 32,806 shares of company stock valued at $1,653,033 over the last 90 days. 5.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Fidelity National Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Fidelity National Financial by 49.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 27,414 shares of the financial services provider’s stock valued at $1,339,000 after purchasing an additional 9,059 shares during the period. MetLife Investment Management LLC acquired a new position in shares of Fidelity National Financial during the first quarter valued at about $266,000. Rhumbline Advisers raised its holdings in shares of Fidelity National Financial by 21.2% during the first quarter. Rhumbline Advisers now owns 277,396 shares of the financial services provider’s stock valued at $13,548,000 after purchasing an additional 48,434 shares during the period. Yousif Capital Management LLC raised its holdings in shares of Fidelity National Financial by 8.1% during the first quarter. Yousif Capital Management LLC now owns 9,736 shares of the financial services provider’s stock valued at $476,000 after purchasing an additional 730 shares during the period. Finally, LSV Asset Management raised its holdings in shares of Fidelity National Financial by 40.9% during the first quarter. LSV Asset Management now owns 204,300 shares of the financial services provider’s stock valued at $9,978,000 after purchasing an additional 59,308 shares during the period. Institutional investors and hedge funds own 81.17% of the company’s stock.

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.