Fidelity National Financial (NYSE:FNF) Cut to “Hold” at Wall Street Zen

Fidelity National Financial (NYSE:FNF) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Several other brokerages have also recently weighed in on FNF. Keefe, Bruyette & Woods raised their price objective on Fidelity National Financial from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. National Bankshares set a $63.00 price target on Fidelity National Financial in a research note on Tuesday. Barclays dropped their price objective on Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Weiss Ratings reissued a “buy (b-)” rating on shares of Fidelity National Financial in a research note on Monday, December 29th. Finally, Stephens started coverage on shares of Fidelity National Financial in a research report on Friday, November 14th. They set an “overweight” rating on the stock. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Fidelity National Financial currently has an average rating of “Moderate Buy” and a consensus target price of $68.25.

Fidelity National Financial Trading Down 0.1%

NYSE:FNF opened at $54.95 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.47. Fidelity National Financial has a twelve month low of $50.61 and a twelve month high of $66.72. The company has a market cap of $15.45 billion, a P/E ratio of 13.25 and a beta of 1.00. The business has a 50 day moving average price of $56.85 and a two-hundred day moving average price of $57.37.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Thursday, July 13th. The financial services provider reported $0.76 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%. As a group, analysts expect that Fidelity National Financial will post 6.28 EPS for the current fiscal year.

Insider Activity

In other Fidelity National Financial news, Director Halim Dhanidina sold 6,000 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $55.90, for a total value of $335,400.00. Following the transaction, the director directly owned 13,186 shares of the company’s stock, valued at $737,097.40. This represents a 31.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel D. Lane sold 6,367 shares of Fidelity National Financial stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $57.63, for a total value of $366,930.21. Following the sale, the director directly owned 276,308 shares of the company’s stock, valued at approximately $15,923,630.04. The trade was a 2.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 5.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Fidelity National Financial

Several institutional investors and hedge funds have recently modified their holdings of FNF. Quent Capital LLC bought a new stake in Fidelity National Financial in the 3rd quarter valued at about $26,000. Atlantic Union Bankshares Corp increased its position in shares of Fidelity National Financial by 997.7% in the third quarter. Atlantic Union Bankshares Corp now owns 472 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 429 shares during the period. Mather Group LLC. acquired a new position in Fidelity National Financial in the third quarter valued at about $29,000. Blue Trust Inc. lifted its position in Fidelity National Financial by 4,545.5% during the second quarter. Blue Trust Inc. now owns 511 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 500 shares during the period. Finally, Elevation Point Wealth Partners LLC bought a new stake in Fidelity National Financial during the second quarter worth about $29,000. 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.