Barclays Increases Fidelity National Financial (NYSE:FNF) Price Target to $54.00

Fidelity National Financial (NYSE:FNF) had its price objective lifted by equities researchers at Barclays from $51.00 to $54.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s target price would indicate a potential upside of 2.74% from the stock’s current price.

Other analysts have also issued research reports about the company. Zacks Research lowered Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. Keefe, Bruyette & Woods reduced their target price on shares of Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating on the stock in a report on Thursday, June 25th. National Bank Financial set a $54.00 price target on shares of Fidelity National Financial in a research note on Friday. Stephens cut their price objective on shares of Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday, May 12th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Fidelity National Financial in a research note on Thursday, June 11th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $57.50.

Fidelity National Financial Trading Up 2.9%

NYSE:FNF opened at $52.56 on Friday. Fidelity National Financial has a 52-week low of $42.78 and a 52-week high of $61.40. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.50. The stock has a fifty day simple moving average of $48.99 and a 200-day simple moving average of $49.94. The company has a market capitalization of $14.15 billion, a PE ratio of 18.56, a price-to-earnings-growth ratio of 0.77 and a beta of 0.95.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Wednesday, August 5th. The financial services provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.08. Fidelity National Financial had a net margin of 5.03% and a return on equity of 15.98%. The firm had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same period last year, the firm posted $1.16 EPS. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, equities research analysts expect that Fidelity National Financial will post 5.11 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Peter T. Sadowski sold 69,196 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $45.70, for a total value of $3,162,257.20. Following the transaction, the executive vice president directly owned 5,702 shares in the company, valued at $260,581.40. This trade represents a 92.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Windacre Partnership LLC grew its holdings in Fidelity National Financial by 31.0% during the 3rd 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. Norges Bank acquired a new stake in shares of Fidelity National Financial during the fourth quarter valued at about $181,017,000. Bank of New York Mellon Corp purchased a new stake in shares of Fidelity National Financial during the second quarter worth about $112,882,000. AQR Capital Management LLC boosted its holdings in Fidelity National Financial by 75.4% in the third quarter. AQR Capital Management LLC now owns 5,057,355 shares of the financial services provider’s stock valued at $304,503,000 after purchasing an additional 2,174,220 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in Fidelity National Financial by 368.3% during the 2nd quarter. Alliancebernstein L.P. now owns 1,770,685 shares of the financial services provider’s stock valued at $99,265,000 after purchasing an additional 1,392,560 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

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.