Keefe, Bruyette & Woods Issues Positive Forecast for Fidelity National Financial (NYSE:FNF) Stock Price

Fidelity National Financial (NYSE:FNF) had its price objective upped by analysts at Keefe, Bruyette & Woods from $69.00 to $70.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 21.46% from the company’s previous close.

Other equities analysts have also issued research reports about the company. National Bankshares set a $64.00 target price on Fidelity National Financial in a research note on Monday, October 6th. Weiss Ratings restated a “buy (b)” rating on shares of Fidelity National Financial in a research note on Wednesday, October 8th. Finally, Barclays reiterated a “cautious” rating on shares of Fidelity National Financial in a research report on Monday, October 6th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $70.00.

Fidelity National Financial Stock Performance

FNF stock traded up $0.58 during trading on Monday, reaching $57.63. The company had a trading volume of 371,458 shares, compared to its average volume of 1,465,483. The company has a market cap of $15.66 billion, a price-to-earnings ratio of 14.62 and a beta of 1.05. Fidelity National Financial has a twelve month low of $50.61 and a twelve month high of $66.72. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a 50-day simple moving average of $57.85 and a 200-day simple moving average of $57.49.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Thursday, July 13th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter. Fidelity National Financial had a net margin of 7.93% and a return on equity of 14.30%. The business had revenue of $3.17 billion during the quarter. As a group, sell-side analysts expect that Fidelity National Financial will post 6.28 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FNF. Quent Capital LLC purchased a new position in shares of Fidelity National Financial during the 3rd quarter valued at approximately $26,000. Blue Trust Inc. grew its position in Fidelity National Financial by 4,545.5% during the second quarter. Blue Trust Inc. now owns 511 shares of the financial services provider’s stock valued at $29,000 after buying an additional 500 shares during the period. Elevation Point Wealth Partners LLC purchased a new position in Fidelity National Financial in the second quarter valued at $29,000. Mather Group LLC. purchased a new position in Fidelity National Financial in the third quarter valued at $29,000. Finally, Atlantic Union Bankshares Corp raised its position in shares of Fidelity National Financial by 997.7% in the third quarter. Atlantic Union Bankshares Corp now owns 472 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 429 shares during the period. 81.17% of the stock is owned by institutional investors and hedge funds.

About Fidelity National Financial

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.