Fidelity National Financial (NYSE:FNF) Coverage Initiated by Analysts at Stephens

Research analysts at Stephens began coverage on shares of Fidelity National Financial (NYSE:FNF) in a note issued to investors on Friday. The brokerage set an “overweight” rating on the financial services provider’s stock.

Several other equities analysts have also recently issued reports on the stock. National Bankshares set a $64.00 target price on shares of Fidelity National Financial in a research note on Monday, October 6th. Barclays restated a “cautious” rating on shares of Fidelity National Financial in a report on Monday, October 6th. Keefe, Bruyette & Woods boosted their target price on shares of Fidelity National Financial from $69.00 to $70.00 and gave the company an “outperform” rating in a research note on Monday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Fidelity National Financial in a research note on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Fidelity National Financial has a consensus rating of “Moderate Buy” and an average target price of $70.00.

Fidelity National Financial Stock Down 0.8%

Fidelity National Financial stock traded down $0.47 during mid-day trading on Friday, reaching $58.12. The stock had a trading volume of 136,555 shares, compared to its average volume of 1,456,731. Fidelity National Financial has a one year low of $50.61 and a one year high of $66.72. The company has a 50-day moving average price of $57.74 and a two-hundred day moving average price of $57.44. The company has a market capitalization of $15.79 billion, a price-to-earnings ratio of 14.75 and a beta of 1.05. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.24 and a quick ratio of 0.24.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Thursday, July 13th. The financial services provider reported $0.76 EPS for the quarter. The business had revenue of $3.17 billion during the quarter. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%. On average, analysts expect that Fidelity National Financial will post 6.28 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Norges Bank bought a new position in shares of Fidelity National Financial during the 2nd quarter valued at approximately $189,685,000. Nuveen LLC purchased a new position in Fidelity National Financial during the first quarter valued at approximately $178,433,000. First Trust Advisors LP boosted its position in shares of Fidelity National Financial by 252.4% in the second quarter. First Trust Advisors LP now owns 3,379,555 shares of the financial services provider’s stock worth $189,458,000 after purchasing an additional 2,420,421 shares during the period. Millennium Management LLC increased its stake in shares of Fidelity National Financial by 93.3% in the first quarter. Millennium Management LLC now owns 3,764,086 shares of the financial services provider’s stock worth $244,967,000 after purchasing an additional 1,817,124 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Fidelity National Financial by 368.3% during the 2nd quarter. Alliancebernstein L.P. now owns 1,770,685 shares of the financial services provider’s stock valued at $99,265,000 after purchasing an additional 1,392,560 shares during the period. Institutional investors own 81.17% of the company’s stock.

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.