Fidelity National Financial (NYSE:FNF) Price Target Cut to $64.00 by Analysts at Keefe, Bruyette & Woods

Fidelity National Financial (NYSE:FNF) had its price target decreased by analysts at Keefe, Bruyette & Woods from $67.00 to $64.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 38.59% from the stock’s previous close.

A number of other equities analysts have also weighed in on FNF. Barclays cut their price objective on shares of Fidelity National Financial from $54.00 to $50.00 and set an “equal weight” rating for the company in a research report on Monday, May 11th. National Bank Financial set a $50.00 target price on shares of Fidelity National Financial in a research note on Monday, May 11th. Zacks Research downgraded Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Stephens reduced their price target on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Fidelity National Financial in a report on Thursday, June 11th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $55.50.

Fidelity National Financial Price Performance

Shares of NYSE:FNF traded down $0.16 on Thursday, hitting $46.18. The company had a trading volume of 791,254 shares, compared to its average volume of 1,775,392. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.50. The company has a market cap of $12.43 billion, a PE ratio of 16.87, a PEG ratio of 0.70 and a beta of 0.96. Fidelity National Financial has a 52-week low of $42.78 and a 52-week high of $61.40. The business has a 50 day moving average of $48.68 and a 200 day moving average of $51.08.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.16). The firm had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.61 billion. Fidelity National Financial had a net margin of 5.10% and a return on equity of 15.49%. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.78 EPS. As a group, equities analysts anticipate that Fidelity National Financial will post 5.29 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fidelity National Financial

Hedge funds have recently made changes to their positions in the business. Canton Hathaway LLC purchased a new stake in Fidelity National Financial during the 4th quarter worth $26,000. Commonwealth Retirement Investments LLC acquired a new position in shares of Fidelity National Financial during the fourth quarter worth about $28,000. Headlands Technologies LLC purchased a new stake in shares of Fidelity National Financial in the second quarter worth about $32,000. Cary Street Partners Investment Advisory LLC grew its stake in shares of Fidelity National Financial by 57.2% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 970 shares of the financial services provider’s stock valued at $53,000 after buying an additional 353 shares in the last quarter. Finally, Torren Management LLC purchased a new stake in shares of Fidelity National Financial during the 4th quarter valued at about $57,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

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.