Fidelity National Financial (NYSE:FNF) Price Target Cut to $65.00 by Analysts at Barclays

Fidelity National Financial (NYSE:FNF - Get Free Report) had its price objective decreased by stock analysts at Barclays from $67.00 to $65.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an "equal weight" rating on the financial services provider's stock. Barclays's price target points to a potential upside of 16.51% from the company's previous close.

Separately, Keefe, Bruyette & Woods upgraded shares of Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price target for the company in a research report on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $71.20.

Fidelity National Financial Stock Down 3.1%

FNF traded down $1.81 during trading on Tuesday, hitting $55.79. 787,720 shares of the company's stock were exchanged, compared to its average volume of 1,235,547. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.50. The business's 50 day moving average is $56.94 and its two-hundred day moving average is $58.95. Fidelity National Financial has a fifty-two week low of $47.93 and a fifty-two week high of $66.72. The stock has a market cap of $15.32 billion, a P/E ratio of 13.81 and a beta of 1.02.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its earnings results on Wednesday, May 7th. The financial services provider reported $0.78 EPS for the quarter, missing the consensus estimate of $1.13 by ($0.35). The firm had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $3.32 billion. Fidelity National Financial had a net margin of 8.43% and a return on equity of 14.88%. The business's revenue for the quarter was down 17.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 EPS. As a group, equities analysts expect that Fidelity National Financial will post 6.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fidelity National Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pallas Capital Advisors LLC boosted its position in Fidelity National Financial by 109.7% during the first quarter. Pallas Capital Advisors LLC now owns 12,241 shares of the financial services provider's stock worth $797,000 after purchasing an additional 6,405 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in shares of Fidelity National Financial by 5.8% in the first quarter. Oppenheimer & Co. Inc. now owns 23,189 shares of the financial services provider's stock worth $1,509,000 after buying an additional 1,267 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Fidelity National Financial by 4.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 85,118 shares of the financial services provider's stock worth $5,540,000 after buying an additional 3,510 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Fidelity National Financial by 3.0% in the first quarter. Asset Management One Co. Ltd. now owns 97,207 shares of the financial services provider's stock worth $6,326,000 after buying an additional 2,807 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of Fidelity National Financial by 19.2% in the first quarter. Fifth Third Bancorp now owns 3,794 shares of the financial services provider's stock worth $247,000 after buying an additional 610 shares in the last quarter. Institutional investors own 81.17% of the company's stock.

About Fidelity National Financial

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.