Fidelity National Financial (NYSE:FNF) Price Target Raised to $75.00

Fidelity National Financial (NYSE:FNF) had its price objective lifted by investment analysts at Stephens from $68.00 to $75.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the financial services provider’s stock. Stephens’ price objective suggests a potential upside of 23.06% from the stock’s previous close.

Several other research firms have also weighed in on FNF. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and upped their price target for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Keefe, Bruyette & Woods dropped their price target on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 8th. Finally, Truist Financial upped their price target on Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.40.

Fidelity National Financial Trading Up 1.7 %

Shares of Fidelity National Financial stock opened at $60.95 on Monday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The firm has a market cap of $16.68 billion, a price-to-earnings ratio of 13.11 and a beta of 1.39. The business has a fifty day simple moving average of $57.31 and a 200-day simple moving average of $59.15. Fidelity National Financial has a fifty-two week low of $46.85 and a fifty-two week high of $64.83.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.23 by $0.11. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same period in the prior year, the business posted $0.75 earnings per share. On average, equities analysts forecast that Fidelity National Financial will post 6.28 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Sandra Douglass Morgan sold 2,092 shares of the company’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the completion of the sale, the director now owns 32,386 shares in the company, valued at approximately $1,824,303.38. This represents a 6.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Halim Dhanidina sold 2,800 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $54.85, for a total value of $153,580.00. Following the sale, the director now owns 16,716 shares of the company’s stock, valued at approximately $916,872.60. This trade represents a 14.35 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

Institutional Trading of Fidelity National Financial

Several large investors have recently made changes to their positions in the stock. Ameriflex Group Inc. bought a new stake in shares of Fidelity National Financial during the 4th quarter worth about $2,135,000. Mackenzie Financial Corp boosted its stake in shares of Fidelity National Financial by 34.8% during the 4th quarter. Mackenzie Financial Corp now owns 270,415 shares of the financial services provider’s stock worth $15,181,000 after acquiring an additional 69,771 shares in the last quarter. Forum Financial Management LP boosted its stake in shares of Fidelity National Financial by 5.3% during the 4th quarter. Forum Financial Management LP now owns 7,399 shares of the financial services provider’s stock worth $415,000 after acquiring an additional 375 shares in the last quarter. Castlekeep Investment Advisors LLC bought a new stake in shares of Fidelity National Financial during the 4th quarter worth about $678,000. Finally, Toronto Dominion Bank boosted its stake in shares of Fidelity National Financial by 6.9% during the 4th quarter. Toronto Dominion Bank now owns 33,943 shares of the financial services provider’s stock worth $1,906,000 after acquiring an additional 2,198 shares in the last quarter. Institutional investors 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.