Fidelity National Financial (NYSE:FNF) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

Key Points

• Keefe, Bruyette & Woods raised its price target for Fidelity National Financial to $55 from $53 and maintained an “outperform” rating, implying 22.33% upside from the current price.
• Analyst opinions are mixed: MarketBeat reports an average “Hold” rating and a $53.40 average price target, with three Buy, two Hold, and one Sell ratings.
• FNF reported quarterly EPS of $1.32, in line with estimates, while revenue of $3.58 billion fell short of the $3.78 billion consensus.

Fidelity National Financial (NYSE:FNF - Get Free Report) had its price target upped by analysts at Keefe, Bruyette & Woods from $53.00 to $55.00 in a report issued on Tuesday, Benzinga reports. The firm presently has an "outperform" rating on the financial services provider's stock. Keefe, Bruyette & Woods's price objective suggests a potential upside of 22.33% from the company's current price.

A number of other research firms also recently issued reports on FNF. National Bank Financial set a $54.00 target price on shares of Fidelity National Financial in a research report on Friday, August 7th. Weiss Ratings reiterated a "hold (c)" rating on shares of Fidelity National Financial in a research report on Tuesday, September 8th. Truist Financial reduced their price target on shares of Fidelity National Financial from $70.00 to $59.00 and set a "buy" rating for the company in a report on Thursday, October 15th. Stephens lowered their price objective on shares of Fidelity National Financial from $55.00 to $50.00 and set an "overweight" rating for the company in a research report on Wednesday, October 21st. Finally, Zacks Research lowered shares of Fidelity National Financial from a "hold" rating to a "strong sell" rating in a report on Friday, October 23rd. Three investment 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 MarketBeat, the company has an average rating of "Hold" and an average target price of $53.40.

Fidelity National Financial Trading Up 2.6%

FNF stock opened at $44.96 on Tuesday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.50. Fidelity National Financial has a twelve month low of $37.88 and a twelve month high of $59.99. The company has a market cap of $12.06 billion, a P/E ratio of 8.16 and a beta of 0.93. The business has a fifty day moving average of $41.76 and a 200-day moving average of $47.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.32. The business had revenue of $3.58 billion for the quarter, compared to analysts' expectations of $3.78 billion. Fidelity National Financial had a return on equity of 16.07% and a net margin of 5.03%. During the same quarter last year, the business earned $1.63 earnings per share. As a group, equities research analysts expect that Fidelity National Financial will post 5.07 EPS for the current year.

Institutional Investors Weigh In On Fidelity National Financial

Several institutional investors have recently bought and sold shares of the company. Valley Wealth Managers Inc. lifted its position in shares of Fidelity National Financial by 59.3% in the third quarter. Valley Wealth Managers Inc. now owns 123,280 shares of the financial services provider's stock valued at $4,765,000 after buying an additional 45,899 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Fidelity National Financial during the 2nd quarter worth approximately $7,047,000. Wedge Capital Management L L P NC increased its holdings in shares of Fidelity National Financial by 23.2% during the 2nd quarter. Wedge Capital Management L L P NC now owns 711,994 shares of the financial services provider's stock worth $33,578,000 after acquiring an additional 134,228 shares during the last quarter. Squarepoint Ops LLC increased its holdings in shares of Fidelity National Financial by 74.4% during the 2nd quarter. Squarepoint Ops LLC now owns 688,380 shares of the financial services provider's stock worth $32,464,000 after acquiring an additional 293,761 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in Fidelity National Financial by 4.5% in the 1st quarter. Bank of America Corp DE now owns 787,136 shares of the financial services provider's stock valued at $36,507,000 after acquiring an additional 33,943 shares during the period. Institutional investors own 81.17% of the company's stock.

About Fidelity National Financial

Fidelity National Financial, Inc NYSE: FNF is a provider of title insurance and related services for real estate transactions. Through its title operations, the company offers title searches and insurance, escrow and closing services, and other support for buyers, sellers, lenders, and real estate professionals.

FNF also provides annuity and life insurance products through its F&G business. These offerings include fixed and fixed-indexed annuities and life insurance designed to help individuals and institutions address retirement and financial-protection needs.

The company is headquartered in Jacksonville, Florida, and serves customers primarily in the United States.

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