Fidelity National Financial (NYSE:FNF) Earns Overweight Rating from Stephens

Key Points

• Stephens reiterated an “overweight” rating on Fidelity National Financial and set a $55 price target, implying 16.23% upside from the prior close.
• Analyst sentiment remains mixed: FNF has a consensus “Hold” rating and an average price target of $56, with ratings ranging from Buy to Sell.
• FNF exceeded quarterly expectations, reporting $1.39 in EPS versus $1.31 expected and $4.05 billion in revenue, up 11.4% year over year.

Fidelity National Financial (NYSE:FNF - Get Free Report)'s stock had its "overweight" rating reiterated by stock analysts at Stephens in a report issued on Monday,Benzinga reports. They currently have a $55.00 price target on the financial services provider's stock. Stephens' price objective indicates a potential upside of 16.23% from the company's previous close.

FNF has been the topic of a number of other research reports. Weiss Ratings reissued a "hold (c)" rating on shares of Fidelity National Financial in a research note on Thursday, June 11th. Keefe, Bruyette & Woods dropped their price target on shares of Fidelity National Financial from $64.00 to $61.00 and set an "outperform" rating for the company in a research report on Monday, August 10th. National Bank Financial set a $54.00 price target on shares of Fidelity National Financial in a research note on Friday, August 7th. Zacks Research lowered shares of Fidelity National Financial from a "hold" rating to a "strong sell" rating in a report on Friday, May 8th. Finally, Barclays boosted their price objective on shares of Fidelity National Financial from $51.00 to $54.00 and gave the company an "equal weight" rating in a research note on Friday, August 7th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $56.00.

Fidelity National Financial Trading Up 0.0%

Shares of FNF opened at $47.32 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.26 and a quick ratio of 0.26. Fidelity National Financial has a 1-year low of $42.78 and a 1-year high of $61.40. The stock has a market cap of $12.69 billion, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 0.71 and a beta of 0.95. The firm has a 50 day simple moving average of $49.30 and a 200-day simple moving average of $49.50.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.08. The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.79 billion. Fidelity National Financial had a return on equity of 16.07% and a net margin of 5.03%.Fidelity National Financial's revenue was up 11.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.16 earnings per share. Equities analysts forecast that Fidelity National Financial will post 5.14 EPS for the current fiscal year.

Insider Transactions at Fidelity National Financial

In other news, EVP Peter T. Sadowski sold 69,196 shares of the business's stock in a transaction on Friday, June 26th. The shares were sold at an average price of $45.70, for a total transaction of $3,162,257.20. Following the transaction, the executive vice president directly owned 5,702 shares of the company's stock, valued at approximately $260,581.40. The trade was a 92.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.70% of the stock is owned by company insiders.

Institutional Trading of Fidelity National Financial

Several large investors have recently modified their holdings of the business. Livforsakringsbolaget Skandia Omsesidigt purchased a new position in Fidelity National Financial in the second quarter valued at about $25,000. Commonwealth Retirement Investments LLC acquired a new stake in Fidelity National Financial in the fourth quarter valued at $28,000. Headlands Technologies LLC bought a new position in Fidelity National Financial during the 2nd quarter valued at $32,000. Ancora Advisors LLC acquired a new position in Fidelity National Financial during the 2nd quarter worth $43,000. Finally, Markowski Investments acquired a new position in Fidelity National Financial during the 2nd quarter worth $51,000. 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.

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