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

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

Other research analysts have also issued reports about the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Fidelity National Financial in a research report on Monday, December 29th. Barclays decreased their target price on shares of Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 6th. Stephens initiated coverage on Fidelity National Financial in a research note on Friday, November 14th. They set an “overweight” rating for the company. Keefe, Bruyette & Woods boosted their target price on shares of Fidelity National Financial from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, December 18th. Finally, National Bankshares set a $63.00 price target on Fidelity National Financial in a report on Tuesday, January 6th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Fidelity National Financial currently has a consensus rating of “Moderate Buy” and an average price target of $68.25.

Fidelity National Financial Stock Performance

NYSE:FNF opened at $53.39 on Monday. The firm has a market cap of $15.01 billion, a PE ratio of 12.87 and a beta of 1.00. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.25 and a quick ratio of 0.25. Fidelity National Financial has a 1-year low of $50.61 and a 1-year high of $66.72. The firm has a 50 day simple moving average of $56.05 and a 200-day simple moving average of $57.12.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Monday, November 10th. The financial services provider reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.20. The company had revenue of $4.03 billion for the quarter, compared to analyst estimates of $3.57 billion. Fidelity National Financial had a return on equity of 15.06% and a net margin of 8.34%.The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.30 EPS. On average, equities analysts expect that Fidelity National Financial will post 6.28 EPS for the current year.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, Director Daniel D. Lane sold 6,367 shares of the stock in a transaction on Monday, November 17th. The stock was sold at an average price of $57.63, for a total transaction of $366,930.21. Following the completion of the transaction, the director directly owned 276,308 shares of the company’s stock, valued at approximately $15,923,630.04. This trade represents a 2.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Halim Dhanidina sold 6,000 shares of Fidelity National Financial stock in a transaction dated Monday, January 5th. The stock was 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 in the company, valued at approximately $737,097.40. The trade was a 31.27% 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 insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Avior Wealth Management LLC lifted its position in shares of Fidelity National Financial by 1,569.6% during the 2nd quarter. Avior Wealth Management LLC now owns 21,170 shares of the financial services provider’s stock worth $1,187,000 after purchasing an additional 19,902 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in Fidelity National Financial by 76.5% in the third quarter. Exchange Traded Concepts LLC now owns 50,223 shares of the financial services provider’s stock worth $3,038,000 after purchasing an additional 21,770 shares during the period. Federated Hermes Inc. boosted its position in shares of Fidelity National Financial by 13.4% during the 2nd quarter. Federated Hermes Inc. now owns 165,517 shares of the financial services provider’s stock valued at $9,279,000 after acquiring an additional 19,503 shares in the last quarter. CWM LLC boosted its holdings in Fidelity National Financial by 389.7% during the third quarter. CWM LLC now owns 120,505 shares of the financial services provider’s stock valued at $7,289,000 after purchasing an additional 95,895 shares in the last quarter. Finally, Amundi grew its position in Fidelity National Financial by 32.3% in the second quarter. Amundi now owns 562,348 shares of the financial services provider’s stock valued at $32,228,000 after acquiring an additional 137,381 shares during the period. Institutional investors and hedge funds 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.