Barclays Boosts Fidelity National Financial (NYSE:FNF) Price Target to $51.00

Fidelity National Financial (NYSE:FNF) had its price objective raised by analysts at Barclays from $50.00 to $51.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s price objective would indicate a potential upside of 3.26% from the company’s current price.

Other analysts have also recently issued research reports about the stock. National Bank Financial set a $51.00 price target on shares of Fidelity National Financial in a research note on Tuesday. Zacks Research lowered Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. Stephens reduced their target price on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a report on Tuesday, May 12th. Keefe, Bruyette & Woods decreased their target price on Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating on the stock in a research report on Thursday, June 25th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Fidelity National Financial in a research note on Thursday, June 11th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $56.00.

Fidelity National Financial Price Performance

Shares of Fidelity National Financial stock traded up $0.68 on Tuesday, hitting $49.39. 419,676 shares of the company traded hands, compared to its average volume of 1,791,811. 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 simple moving average of $48.38 and a 200 day simple moving average of $50.53. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.25 and a current ratio of 0.25. The stock has a market capitalization of $13.29 billion, a P/E ratio of 18.05, a price-to-earnings-growth ratio of 0.72 and a beta of 0.96.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.16). The company had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.61 billion. Fidelity National Financial had a return on equity of 15.49% and a net margin of 5.10%.Fidelity National Financial’s revenue was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.78 EPS. Research analysts expect that Fidelity National Financial will post 5.24 earnings per share for the current fiscal year.

Insider Activity at Fidelity National Financial

In other news, EVP Peter T. Sadowski sold 69,196 shares of the stock in a transaction on Friday, June 26th. The shares were sold at an average price of $45.70, for a total value of $3,162,257.20. Following the sale, the executive vice president owned 5,702 shares of the company’s stock, valued at approximately $260,581.40. This represents a 92.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 5.70% of the company’s stock.

Hedge Funds Weigh In On Fidelity National Financial

Large investors have recently made changes to their positions in the company. Windacre Partnership LLC increased its position in shares of Fidelity National Financial by 31.0% during the third quarter. Windacre Partnership LLC now owns 18,905,100 shares of the financial services provider’s stock worth $1,143,569,000 after acquiring an additional 4,477,900 shares during the period. Norges Bank bought a new stake in shares of Fidelity National Financial during the fourth quarter valued at approximately $181,017,000. Alliancebernstein L.P. raised its stake in shares of Fidelity National Financial by 167.8% during the third quarter. Alliancebernstein L.P. now owns 4,741,145 shares of the financial services provider’s stock valued at $286,792,000 after acquiring an additional 2,970,460 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of Fidelity National Financial by 75.4% in the third quarter. AQR Capital Management LLC now owns 5,057,355 shares of the financial services provider’s stock valued at $304,503,000 after purchasing an additional 2,174,220 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Fidelity National Financial by 30.1% in the first quarter. Dimensional Fund Advisors LP now owns 4,210,824 shares of the financial services provider’s stock valued at $195,287,000 after purchasing an additional 973,891 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.