Keefe, Bruyette & Woods Reaffirms Market Perform Rating for Fidelity National Financial (NYSE:FNF)

Fidelity National Financial (NYSE:FNF)‘s stock had its “market perform” rating reissued by Keefe, Bruyette & Woods in a note issued to investors on Tuesday, Benzinga reports. They currently have a $53.00 price target on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price points to a potential downside of 1.72% from the stock’s previous close.

Several other research firms have also weighed in on FNF. StockNews.com lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Barclays increased their target price on Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Finally, Stephens reiterated an “overweight” rating and issued a $60.00 target price on shares of Fidelity National Financial in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Fidelity National Financial presently has a consensus rating of “Hold” and an average target price of $55.40.

Fidelity National Financial Stock Down 0.0 %

Shares of FNF traded down $0.01 during mid-day trading on Tuesday, reaching $53.93. The company’s stock had a trading volume of 639,666 shares, compared to its average volume of 1,314,342. The stock has a market cap of $14.74 billion, a PE ratio of 17.65 and a beta of 1.35. Fidelity National Financial has a 12-month low of $37.10 and a 12-month high of $56.95. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.21 and a quick ratio of 0.21. The company’s 50 day moving average is $50.94 and its 200 day moving average is $50.87.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Monday, August 5th. The financial services provider reported $1.24 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.03). Fidelity National Financial had a net margin of 6.55% and a return on equity of 14.24%. The business had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter last year, the company earned $1.01 EPS. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities analysts anticipate that Fidelity National Financial will post 4.58 EPS for the current fiscal year.

Insiders Place Their Bets

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 value of $4,319,700.00. Following the completion of the sale, the chief financial officer now owns 99,049 shares of the company’s stock, valued at approximately $5,033,670.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. V Square Quantitative Management LLC acquired a new stake in Fidelity National Financial during the 4th quarter worth $27,000. Opal Wealth Advisors LLC bought a new stake in Fidelity National Financial in the 2nd quarter valued at $26,000. New Covenant Trust Company N.A. bought a new position in Fidelity National Financial during the first quarter worth about $30,000. Covestor Ltd raised its holdings in Fidelity National Financial by 109.0% in the 1st quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 303 shares in the last quarter. Finally, Salomon & Ludwin LLC grew its stake in Fidelity National Financial by 231.0% during the first quarter. Salomon & Ludwin LLC now owns 609 shares of the financial services provider’s stock worth $32,000 after buying an additional 425 shares in the last quarter. 81.17% of the stock is owned by institutional investors.

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.