Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Fidelity National Financial (NYSE:FNF) Stock

Fidelity National Financial (NYSE:FNF) had its price objective increased by stock analysts at Keefe, Bruyette & Woods from $70.00 to $72.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 28.92% from the stock’s current price.

FNF has been the topic of several other research reports. Stephens assumed coverage on shares of Fidelity National Financial in a report on Friday, November 14th. They set an “overweight” rating on the stock. Barclays restated a “cautious” rating on shares of Fidelity National Financial in a research note on Monday, October 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Fidelity National Financial in a research report on Monday. Finally, National Bankshares set a $72.00 price objective on Fidelity National Financial in a report on Thursday. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $72.00.

Fidelity National Financial Stock Down 0.4%

Shares of FNF stock opened at $55.85 on Thursday. Fidelity National Financial has a 12 month low of $50.61 and a 12 month high of $66.72. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.47. The firm has a market cap of $15.14 billion, a PE ratio of 12.99 and a beta of 1.01. The stock has a 50 day moving average of $57.11 and a 200-day moving average of $57.33.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Thursday, July 13th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter. The business had revenue of $3.17 billion for the quarter. Fidelity National Financial had a net margin of 8.34% and a return on equity of 15.06%. On average, equities analysts predict that Fidelity National Financial will post 6.28 EPS for the current year.

Insider Buying and Selling

In other Fidelity National Financial news, Director Daniel D. Lane sold 6,367 shares of the firm’s stock in a transaction dated 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 sale, the director owned 276,308 shares in the company, valued at approximately $15,923,630.04. This trade represents a 2.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Fidelity National Financial

Several hedge funds have recently modified their holdings of the stock. Severin Investments LLC bought a new position in Fidelity National Financial in the 3rd quarter worth approximately $205,000. Allworth Financial LP increased its stake in shares of Fidelity National Financial by 31.9% in the 3rd quarter. Allworth Financial LP now owns 10,542 shares of the financial services provider’s stock valued at $638,000 after buying an additional 2,548 shares during the period. IFP Advisors Inc raised its position in shares of Fidelity National Financial by 2.8% during the third quarter. IFP Advisors Inc now owns 62,659 shares of the financial services provider’s stock worth $3,790,000 after acquiring an additional 1,718 shares during the last quarter. Innova Wealth Partners acquired a new position in shares of Fidelity National Financial during the third quarter valued at $253,000. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of Fidelity National Financial by 184.7% during the third quarter. CIBC Private Wealth Group LLC now owns 2,107 shares of the financial services provider’s stock valued at $127,000 after acquiring an additional 1,367 shares during the period. 81.17% of the stock is owned by institutional investors.

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.