Fidelity National Financial (NYSE:FNF) PT Lowered to $53.00 at Keefe, Bruyette & Woods

Fidelity National Financial (NYSE:FNF) had its target price lowered by research analysts at Keefe, Bruyette & Woods from $55.00 to $53.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 9.06% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Barclays raised their price target on shares of Fidelity National Financial from $52.00 to $56.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Stephens raised their price target on shares of Fidelity National Financial from $59.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, May 10th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Fidelity National Financial presently has an average rating of “Hold” and a consensus price target of $55.40.

Fidelity National Financial Stock Performance

NYSE:FNF opened at $48.60 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.21 and a current ratio of 0.21. The stock has a market capitalization of $13.28 billion, a P/E ratio of 15.99 and a beta of 1.35. The company has a 50 day moving average price of $50.39 and a 200 day moving average price of $50.35. Fidelity National Financial has a fifty-two week low of $34.96 and a fifty-two week high of $53.96.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.08). Fidelity National Financial had a return on equity of 14.24% and a net margin of 6.55%. The company had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $2.72 billion. During the same period in the previous year, the business posted $0.52 EPS. The business’s revenue for the quarter was up 33.3% on a year-over-year basis. Equities research analysts forecast that Fidelity National Financial will post 4.67 EPS for the current year.

Insider Buying and Selling

In related news, CFO Anthony Park sold 85,000 shares of Fidelity National Financial stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $50.82, for a total transaction of $4,319,700.00. Following the sale, the chief financial officer now directly owns 99,049 shares in the company, valued at approximately $5,033,670.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Anthony Park sold 85,000 shares of Fidelity National Financial stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $50.82, for a total transaction of $4,319,700.00. Following the sale, the chief financial officer now directly owns 99,049 shares in the company, valued at approximately $5,033,670.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Halim Dhanidina sold 3,000 shares of Fidelity National Financial stock in a transaction on Friday, April 26th. The stock was sold at an average price of $50.64, for a total transaction of $151,920.00. Following the sale, the director now owns 14,906 shares in the company, valued at $754,839.84. The disclosure for this sale can be found here. 5.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FNF. FMR LLC increased its stake in Fidelity National Financial by 5.0% in the third quarter. FMR LLC now owns 513,836 shares of the financial services provider’s stock valued at $21,221,000 after purchasing an additional 24,469 shares during the period. LPL Financial LLC increased its stake in Fidelity National Financial by 15.4% in the third quarter. LPL Financial LLC now owns 136,730 shares of the financial services provider’s stock valued at $5,647,000 after purchasing an additional 18,266 shares during the period. O Shaughnessy Asset Management LLC increased its stake in Fidelity National Financial by 53.4% in the third quarter. O Shaughnessy Asset Management LLC now owns 16,443 shares of the financial services provider’s stock valued at $679,000 after purchasing an additional 5,726 shares during the period. Earnest Partners LLC increased its stake in Fidelity National Financial by 12,269.9% in the third quarter. Earnest Partners LLC now owns 16,452 shares of the financial services provider’s stock valued at $679,000 after purchasing an additional 16,319 shares during the period. Finally, Legal & General Group Plc increased its stake in Fidelity National Financial by 6.4% in the third quarter. Legal & General Group Plc now owns 1,930,540 shares of the financial services provider’s stock valued at $79,731,000 after purchasing an additional 116,393 shares during the period. 81.17% of the stock is currently 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.