Fidelity National Financial (NYSE:FNF) Raised to “Buy” at Wall Street Zen

Fidelity National Financial (NYSE:FNF) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Other equities analysts have also issued reports about the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Fidelity National Financial in a research note on Monday. Barclays restated a “cautious” rating on shares of Fidelity National Financial in a report on Monday, October 6th. National Bankshares set a $72.00 price objective on shares of Fidelity National Financial in a research note on Thursday. Keefe, Bruyette & Woods raised their target price on shares of Fidelity National Financial from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Stephens assumed coverage on shares of Fidelity National Financial in a research report on Friday, November 14th. They set an “overweight” rating for the company. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Fidelity National Financial presently has an average rating of “Moderate Buy” and a consensus price target of $72.00.

Fidelity National Financial Trading Down 0.4%

FNF stock opened at $55.85 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.47. The company has a market cap of $15.14 billion, a price-to-earnings ratio of 12.99 and a beta of 1.01. The business has a fifty day simple moving average of $57.11 and a 200-day simple moving average of $57.33. Fidelity National Financial has a 52 week low of $50.61 and a 52 week high of $66.72.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Thursday, July 13th. The financial services provider reported $0.76 earnings per share for the quarter. The firm had revenue of $3.17 billion for the quarter. Fidelity National Financial had a return on equity of 15.06% and a net margin of 8.34%. On average, equities research analysts expect that Fidelity National Financial will post 6.28 EPS for the current year.

Insider Buying and Selling

In other Fidelity National Financial news, Director Daniel D. Lane sold 6,367 shares of the business’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $57.63, for a total value of $366,930.21. Following the transaction, the director owned 276,308 shares in the company, valued at $15,923,630.04. The trade was a 2.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 5.50% of the stock is owned by corporate insiders.

Institutional Trading of Fidelity National Financial

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Quent Capital LLC purchased a new position in Fidelity National Financial in the third quarter valued at about $26,000. Blue Trust Inc. raised its position in shares of Fidelity National Financial by 4,545.5% in the 2nd quarter. Blue Trust Inc. now owns 511 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 500 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of Fidelity National Financial during the 2nd quarter valued at approximately $29,000. Mather Group LLC. bought a new position in Fidelity National Financial during the 3rd quarter valued at $29,000. Finally, Atlantic Union Bankshares Corp lifted its position in shares of Fidelity National Financial by 997.7% during the third quarter. Atlantic Union Bankshares Corp now owns 472 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 429 shares during the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

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.