Fidelity National Financial (NYSE:FNF) Downgraded by Wall Street Zen to Hold

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

A number of other equities analysts have also commented on FNF. Keefe, Bruyette & Woods boosted their price objective on Fidelity National Financial from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, December 18th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Fidelity National Financial in a research report on Monday, December 29th. Barclays lowered their price objective on shares of Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating for the company in a research report on Tuesday. National Bankshares set a $63.00 target price on shares of Fidelity National Financial in a research report on Tuesday. Finally, Stephens began coverage on shares of Fidelity National Financial in a research note on Friday, November 14th. They set an “overweight” rating on the stock. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Fidelity National Financial has an average rating of “Moderate Buy” and a consensus price target of $68.25.

Fidelity National Financial Trading Down 0.1%

Shares of Fidelity National Financial stock opened at $54.95 on Friday. Fidelity National Financial has a 12-month low of $50.61 and a 12-month high of $66.72. The stock has a market capitalization of $15.45 billion, a P/E ratio of 13.25 and a beta of 1.00. The company has a 50-day simple moving average of $56.85 and a 200 day simple moving average of $57.37. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.47.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Thursday, July 13th. The financial services provider reported $0.76 earnings per share for the quarter. The company had revenue of $3.17 billion during the quarter. Fidelity National Financial had a net margin of 8.34% and a return on equity of 15.06%. Research analysts expect that Fidelity National Financial will post 6.28 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other 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 completion of the transaction, the director owned 276,308 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at this hyperlink. Also, Director Halim Dhanidina sold 6,000 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $55.90, for a total value of $335,400.00. Following the sale, the director directly owned 13,186 shares in the company, valued at $737,097.40. The trade was a 31.27% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 5.50% of the company’s stock.

Hedge Funds Weigh In On Fidelity National Financial

Several institutional investors and hedge funds have recently modified their holdings of FNF. Quent Capital LLC acquired a new stake in Fidelity National Financial during the 3rd quarter worth approximately $26,000. Atlantic Union Bankshares Corp raised its holdings 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 acquiring an additional 429 shares during the period. Mather Group LLC. bought a new stake in Fidelity National Financial in the 3rd quarter valued at $29,000. Blue Trust Inc. boosted its stake in 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 worth $29,000 after purchasing an additional 500 shares during the period. Finally, Elevation Point Wealth Partners LLC bought a new position in Fidelity National Financial during the 2nd quarter worth about $29,000. 81.17% of the stock is currently owned by institutional investors and hedge funds.

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.