Barclays Cuts Fidelity National Financial (NYSE:FNF) Price Target to $64.00

Key Points

• Barclays has lowered its price target for Fidelity National Financial from $65.00 to $64.00, maintaining an "equal weight" rating, which indicates a potential upside of 6.74% from the stock's previous close.
• Fidelity National Financial recently reported an earnings per share (EPS) of $1.16, missing analysts' estimates of $1.40, despite achieving a revenue of $3.64 billion which matched expectations.
• Currently, the stock holds an average rating of "Moderate Buy" with five analysts recommending a buy and one a hold, alongside a consensus target price of $69.83.

Fidelity National Financial (NYSE:FNF - Get Free Report) had its price target decreased by investment analysts at Barclays from $65.00 to $64.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an "equal weight" rating on the financial services provider's stock. Barclays's price objective points to a potential upside of 6.74% from the stock's previous close.

Several other research analysts have also commented on the company. National Bankshares set a $64.00 price objective on Fidelity National Financial in a research report on Monday. Weiss Ratings reiterated a "buy (b)" rating on shares of Fidelity National Financial in a report on Saturday, September 27th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $69.83.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $59.96 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a market capitalization of $16.29 billion, a price-to-earnings ratio of 15.22 and a beta of 1.05. The company has a 50 day moving average price of $59.32 and a 200 day moving average price of $58.63. Fidelity National Financial has a one year low of $50.61 and a one year high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $1.16 EPS for the quarter, missing analysts' consensus estimates of $1.40 by ($0.24). The firm had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.64 billion. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%.The business's revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.24 earnings per share. Sell-side analysts anticipate that Fidelity National Financial will post 6.28 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Gilbert & Cook Inc. grew its position in shares of Fidelity National Financial by 3.0% during the 1st quarter. Gilbert & Cook Inc. now owns 5,814 shares of the financial services provider's stock valued at $378,000 after buying an additional 168 shares during the last quarter. Journey Strategic Wealth LLC grew its holdings in shares of Fidelity National Financial by 1.2% during the first quarter. Journey Strategic Wealth LLC now owns 14,482 shares of the financial services provider's stock valued at $943,000 after purchasing an additional 175 shares during the last quarter. Commerce Bank raised its position in shares of Fidelity National Financial by 3.1% during the 1st quarter. Commerce Bank now owns 5,977 shares of the financial services provider's stock worth $389,000 after purchasing an additional 177 shares during the period. Peddock Capital Advisors LLC lifted its holdings in shares of Fidelity National Financial by 3.2% in the 1st quarter. Peddock Capital Advisors LLC now owns 5,663 shares of the financial services provider's stock worth $369,000 after purchasing an additional 178 shares during the last quarter. Finally, My Legacy Advisors LLC boosted its position in Fidelity National Financial by 2.3% during the 1st quarter. My Legacy Advisors LLC now owns 8,716 shares of the financial services provider's stock valued at $567,000 after purchasing an additional 197 shares during the period. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products.

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