Stephens Lowers Fidelity National Financial (NYSE:FNF) Price Target to $58.00

Fidelity National Financial (NYSE:FNF) had its target price decreased by equities researchers at Stephens from $61.00 to $58.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Stephens’ price target would suggest a potential upside of 21.08% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods lowered their price target on shares of Fidelity National Financial from $71.00 to $67.00 and set an “outperform” rating on the stock in a report on Friday, April 10th. Zacks Research downgraded shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research report on Friday. Weiss Ratings cut shares of Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Wall Street Zen downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Monday, January 26th. Finally, National Bank Financial set a $50.00 price target on Fidelity National Financial in a research note on Monday. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Fidelity National Financial currently has an average rating of “Hold” and an average target price of $56.25.

Fidelity National Financial Price Performance

Shares of Fidelity National Financial stock opened at $47.90 on Tuesday. The stock has a market cap of $12.89 billion, a P/E ratio of 17.51, a P/E/G 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 stock’s fifty day moving average is $48.51 and its 200 day moving average is $53.28. Fidelity National Financial has a one year low of $42.78 and a one year high of $61.40.

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

Institutional Trading of Fidelity National Financial

Hedge funds have recently modified their holdings of the company. Windacre Partnership LLC raised its stake in Fidelity National Financial by 31.0% during the third quarter. Windacre Partnership LLC now owns 18,905,100 shares of the financial services provider’s stock valued at $1,143,569,000 after purchasing an additional 4,477,900 shares in the last quarter. State Street Corp increased its holdings in shares of Fidelity National Financial by 0.3% in the 3rd quarter. State Street Corp now owns 9,469,029 shares of the financial services provider’s stock worth $572,782,000 after buying an additional 31,318 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Fidelity National Financial by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,353,982 shares of the financial services provider’s stock worth $510,634,000 after buying an additional 193,629 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Fidelity National Financial by 34.5% during the 4th quarter. AQR Capital Management LLC now owns 6,800,697 shares of the financial services provider’s stock valued at $371,250,000 after buying an additional 1,743,342 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its position in shares of Fidelity National Financial by 0.9% during the 4th quarter. First Eagle Investment Management LLC now owns 6,102,523 shares of the financial services provider’s stock valued at $333,137,000 after buying an additional 54,756 shares in the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

About Fidelity National Financial

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.