Barclays Forecasts Strong Price Appreciation for Fidelity National Financial (NYSE:FNF) Stock

Fidelity National Financial (NYSE:FNF) had its price target upped by investment analysts at Barclays from $51.00 to $54.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the financial services provider’s stock. Barclays‘s price target would suggest a potential upside of 2.74% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on FNF. Stephens lowered their price objective on shares of Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating for the company in a research report on Tuesday, May 12th. National Bank Financial set a $54.00 price objective on Fidelity National Financial in a research note on Friday. Weiss Ratings restated a “hold (c)” rating on shares of Fidelity National Financial in a research report on Thursday, June 11th. Zacks Research cut shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, May 8th. Finally, Keefe, Bruyette & Woods decreased their price objective on Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating for the company in a report on Thursday, June 25th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Fidelity National Financial currently has a consensus rating of “Hold” and an average target price of $57.50.

Fidelity National Financial Stock Up 2.9%

NYSE:FNF opened at $52.56 on Friday. 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 company has a market capitalization of $14.15 billion, a price-to-earnings ratio of 18.56, a price-to-earnings-growth ratio of 0.77 and a beta of 0.95. Fidelity National Financial has a one year low of $42.78 and a one year high of $61.40. The stock has a 50-day simple moving average of $48.99 and a 200 day simple moving average of $49.94.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, August 5th. The financial services provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.08. Fidelity National Financial had a return on equity of 15.98% and a net margin of 5.03%.The company had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter last year, the business posted $1.16 EPS. Fidelity National Financial’s quarterly revenue was up 11.4% compared to the same quarter last year. Sell-side analysts predict that Fidelity National Financial will post 5.11 EPS for the current fiscal year.

Insider Activity at Fidelity National Financial

In other news, EVP Peter T. Sadowski sold 69,196 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 5,702 shares of the company’s stock, valued at approximately $260,581.40. This represents a 92.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 5.70% of the company’s stock.

Institutional Investors Weigh In On Fidelity National Financial

A number of institutional investors have recently added to or reduced their stakes in FNF. Commonwealth Retirement Investments LLC bought a new stake in shares of Fidelity National Financial in the 4th quarter worth $28,000. Headlands Technologies LLC acquired a new stake in Fidelity National Financial in the 2nd quarter valued at about $32,000. Cary Street Partners Investment Advisory LLC boosted its position in shares of Fidelity National Financial by 57.2% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 970 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 353 shares in the last quarter. Torren Management LLC bought a new position in shares of Fidelity National Financial during the 4th quarter valued at about $57,000. Finally, Fideuram Asset Management Ireland dac acquired a new position in shares of Fidelity National Financial in the 4th quarter worth approximately $58,000. 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.