Fidelity National Financial (NYSE:FNF – Get Free Report) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.
A number of other equities analysts also recently weighed in on the stock. Barclays boosted their target price on shares of Fidelity National Financial from $51.00 to $54.00 and gave the stock an “equal weight” rating in a report on Friday, August 7th. Keefe, Bruyette & Woods cut 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 note on Monday, August 10th. Stephens reissued an “overweight” rating and issued a $55.00 price objective on shares of Fidelity National Financial in a research report on Monday. National Bank Financial set a $54.00 price objective on shares of Fidelity National Financial in a research note on Friday, August 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Fidelity National Financial in a research note on Thursday, June 11th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $56.00.
Get Our Latest Research Report on FNF
Fidelity National Financial Stock Performance
Fidelity National Financial (NYSE:FNF – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.08. The company had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $3.79 billion. Fidelity National Financial had a return on equity of 16.07% and a net margin of 5.03%.The business’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.16 EPS. Analysts predict that Fidelity National Financial will post 5.18 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Fidelity National Financial news, EVP Peter T. Sadowski sold 69,196 shares of the firm’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $45.70, for a total transaction of $3,162,257.20. Following the completion of the sale, the executive vice president owned 5,702 shares of the company’s stock, valued at $260,581.40. This trade represents a 92.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 5.70% of the company’s stock.
Institutional Trading of Fidelity National Financial
Several hedge funds and other institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System boosted its stake in Fidelity National Financial by 4,524.8% in the 2nd quarter. California State Teachers Retirement System now owns 20,659,240 shares of the financial services provider’s stock valued at $974,290,000 after purchasing an additional 20,212,535 shares during the period. HB Wealth Management LLC increased its position in Fidelity National Financial by 26.5% during the 2nd quarter. HB Wealth Management LLC now owns 24,799 shares of the financial services provider’s stock worth $1,170,000 after buying an additional 5,191 shares during the period. Saudi Central Bank increased its position in Fidelity National Financial by 89.7% during the 2nd quarter. Saudi Central Bank now owns 18,031 shares of the financial services provider’s stock worth $850,000 after buying an additional 8,524 shares during the period. AlphaGrep UK Ltd acquired a new stake in shares of Fidelity National Financial during the second quarter worth $573,000. Finally, Markowski Investments acquired a new stake in shares of Fidelity National Financial during the second quarter worth $51,000. Institutional investors own 81.17% of the company’s stock.
Fidelity National Financial Company Profile
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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