Keefe, Bruyette & Woods Issues Pessimistic Forecast for Fidelity National Financial (NYSE:FNF) Stock Price

Fidelity National Financial (NYSE:FNF) had its target price lowered by equities researchers at Keefe, Bruyette & Woods from $71.00 to $67.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 41.25% from the company’s current price.

FNF has been the topic of a number of other reports. Barclays reduced their target price on shares of Fidelity National Financial from $63.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. Wall Street Zen downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Monday, January 26th. Weiss Ratings downgraded shares of Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 2nd. Finally, National Bank Financial set a $71.00 target price on shares of Fidelity National Financial in a research report on Monday, February 23rd. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $62.67.

Fidelity National Financial Stock Down 0.8%

Shares of NYSE FNF opened at $47.44 on Friday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.49. Fidelity National Financial has a 12 month low of $42.78 and a 12 month high of $65.33. The firm has a market capitalization of $12.86 billion, a PE ratio of 22.32, a price-to-earnings-growth ratio of 0.60 and a beta of 1.01. The firm has a fifty day simple moving average of $50.32 and a two-hundred day simple moving average of $54.28.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Thursday, February 19th. The financial services provider reported $1.41 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.10). Fidelity National Financial had a return on equity of 15.06% and a net margin of 4.17%.The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.66 billion. During the same quarter last year, the company posted $1.34 earnings per share. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. Equities analysts expect that Fidelity National Financial will post 6.28 earnings per share for the current year.

Institutional Trading of Fidelity National Financial

Institutional investors have recently bought and sold shares of the company. Exchange Traded Concepts LLC grew its position in Fidelity National Financial by 76.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 50,223 shares of the financial services provider’s stock valued at $3,038,000 after purchasing an additional 21,770 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Fidelity National Financial during the 3rd quarter valued at about $14,576,000. Federated Hermes Inc. lifted its stake in Fidelity National Financial by 13.4% during the 2nd quarter. Federated Hermes Inc. now owns 165,517 shares of the financial services provider’s stock valued at $9,279,000 after acquiring an additional 19,503 shares during the period. Cooke & Bieler LP lifted its stake in Fidelity National Financial by 12.3% during the 3rd quarter. Cooke & Bieler LP now owns 5,258,399 shares of the financial services provider’s stock valued at $318,081,000 after acquiring an additional 574,189 shares during the period. Finally, CWM LLC lifted its stake in Fidelity National Financial by 389.7% during the 3rd quarter. CWM LLC now owns 120,505 shares of the financial services provider’s stock valued at $7,289,000 after acquiring an additional 95,895 shares during the period. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Company Profile

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.