Fidelity National Financial (NYSE:FNF) Receives New Coverage from Analysts at StockNews.com

Equities researchers at StockNews.com began coverage on shares of Fidelity National Financial (NYSE:FNF – Get Rating) in a report released on Thursday. The brokerage set a “hold” rating on the financial services provider’s stock.

Several other research firms also recently issued reports on FNF. Truist Financial cut their price objective on Fidelity National Financial from $60.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday, November 29th. Keefe, Bruyette & Woods reduced their price target on shares of Fidelity National Financial from $47.00 to $45.00 and set an “outperform” rating for the company in a research report on Tuesday, February 28th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $47.00 price objective on shares of Fidelity National Financial in a research note on Thursday, March 2nd. Finally, Barclays cut their target price on shares of Fidelity National Financial from $53.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, February 24th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $49.00.

Fidelity National Financial Stock Performance

Shares of FNF opened at $33.52 on Thursday. Fidelity National Financial has a 52-week low of $32.76 and a 52-week high of $50.50. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.54. The firm has a 50-day moving average price of $40.85 and a 200 day moving average price of $39.41. The firm has a market capitalization of $9.12 billion, a PE ratio of 8.24 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF – Get Rating) last issued its earnings results on Wednesday, February 22nd. The financial services provider reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.22). The business had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.98 billion. Fidelity National Financial had a return on equity of 22.52% and a net margin of 9.83%. The company’s quarterly revenue was down 46.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.16 earnings per share. On average, sell-side analysts anticipate that Fidelity National Financial will post 4.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fidelity National Financial

Hedge funds have recently modified their holdings of the stock. FORA Capital LLC acquired a new position in Fidelity National Financial in the 2nd quarter worth about $343,000. SG Americas Securities LLC increased its position in Fidelity National Financial by 8.5% in the 3rd quarter. SG Americas Securities LLC now owns 8,635 shares of the financial services provider’s stock worth $313,000 after purchasing an additional 674 shares during the last quarter. CIBC Asset Management Inc increased its position in Fidelity National Financial by 85.9% in the 3rd quarter. CIBC Asset Management Inc now owns 24,103 shares of the financial services provider’s stock worth $873,000 after purchasing an additional 11,138 shares during the last quarter. Creative Planning increased its position in Fidelity National Financial by 5.9% in the 3rd quarter. Creative Planning now owns 20,453 shares of the financial services provider’s stock worth $740,000 after purchasing an additional 1,140 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position in Fidelity National Financial by 40.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 27,815 shares of the financial services provider’s stock worth $1,028,000 after purchasing an additional 8,062 shares during the last quarter. 77.98% of the stock is owned by institutional investors and hedge funds.

About Fidelity National Financial

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Fidelity National Financial, Inc engages in the provision of title insurance and transaction services to the real estate and mortgage industries. Its services include title insurance, escrow and other title-related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products and technology and transaction services to the real estate and mortgage industries.