Fidelity National Financial (NYSE:FNF) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Fidelity National Financial, Inc. (NYSE:FNF)’s stock price crossed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $42.06 and traded as low as $41.24. Fidelity National Financial shares last traded at $41.3860, with a volume of 2,205,297 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Zacks Research downgraded Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, October 23rd. Keefe, Bruyette & Woods lowered their price objective on Fidelity National Financial from $64.00 to $61.00 and set an “outperform” rating on the stock in a research note on Monday, August 10th. Barclays dropped their price objective on shares of Fidelity National Financial from $54.00 to $47.00 and set an “equal weight” rating on the stock in a report on Monday, October 5th. National Bank Financial set a $54.00 target price on shares of Fidelity National Financial in a research report on Friday, August 7th. Finally, Stephens reduced their target price on shares of Fidelity National Financial from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, October 21st. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $54.20.

Fidelity National Financial Stock Down 1.9%

The stock’s fifty day moving average is $42.06 and its two-hundred day moving average is $47.90. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.50. The firm has a market cap of $11.10 billion, a P/E ratio of 14.61 and a beta of 0.93.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.08. Fidelity National Financial had a net margin of 5.03% and a return on equity of 16.07%. The firm had revenue of $4.05 billion during the quarter, compared to analyst estimates of $3.79 billion. During the same period in the previous year, the business earned $1.16 EPS. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. As a group, research analysts anticipate that Fidelity National Financial, Inc. will post 5.07 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FNF. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Fidelity National Financial in the second quarter worth approximately $25,000. TD Waterhouse Canada Inc. lifted its position in Fidelity National Financial by 183.3% during the third quarter. TD Waterhouse Canada Inc. now owns 850 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 550 shares during the last quarter. Ancora Advisors LLC bought a new stake in Fidelity National Financial during the second quarter valued at approximately $43,000. Pension & Wealth Management Advisors Inc. purchased a new position in Fidelity National Financial in the 3rd quarter worth approximately $37,000. Finally, Root Financial Partners LLC purchased a new position in Fidelity National Financial in the 3rd quarter worth approximately $38,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc (NYSE:FNF) is a provider of title insurance and transaction services in the United States. Through its title insurance businesses, the company protects property buyers, lenders and other parties against certain risks associated with real estate ownership and transfers. Its services include title searches, title examinations, escrow and closing services, and related technology and transaction-support solutions.

FNF operates through a group of title insurance brands, including Fidelity National Title, Chicago Title, Commonwealth Land Title and Alamo Title.