Fidelity National Financial (NYSE: FNF) has been improved by Zacks investment research from a “keep” note to a “buy” note in a research note published on Monday, Zacks.com reports. The company currently has a price target of $ 49 on shares of the financial services provider. Zacks investment researchThe company’s target price would indicate a potential rise of 9.74% from the company’s current price.
According to Zacks, “Fidelity National Title Group, Inc. is a leading provider of title insurance, specialty insurance and claims management services. FNT is one of the largest title insurance companies in the country through its title insurance underwriters. line insurance and home warranty insurance through its specialized insurance business. FNT is also a leading provider of outsourced claims management services to large corporations and public sector entities through its minority subsidiary, Sedgwick CMS. “
Other research analysts have also published research reports on the stock. Truist Securities raised its price target for Fidelity National Financial shares from $ 48.00 to $ 53.00 in a research note on Thursday, April 15. Credit Suisse Group began covering shares of Fidelity National Financial in a research note on Monday, May 3. They issued an “outperformance” rating and a target price of $ 56.00 on the stock. Finally, Truist raised its price target on Fidelity National Financial shares from $ 48.00 to $ 53.00 in a research note on Thursday, April 15. Four investment analysts rated the stock with a buy rating. The company has a consensus rating of “Buy” and a consensus target price of $ 49.83.
FNF shares traded up $ 1.16 during trading hours on Monday, reaching $ 44.65. 1,993,939 shares of the stock were traded, compared to its average volume of 1,832,225. Fidelity National Financial has a one-year low at $ 29.29 and a one-year high at $ 47.97 . The company has a fifty-day moving average of $ 46.01. The company has a debt ratio of 0.32, a current ratio of 0.18, and a rapid ratio of 0.18. The company has a market cap of $ 12.91 billion, a price-to-earnings ratio of 6.19 and a beta of 1.38.
Fidelity National Financial (NYSE: FNF) last released its quarterly results on Thursday, May 6. The financial services provider reported earnings per share (EPS) of $ 1.56 for the quarter, beating the Zacks’ consensus estimate of $ 1.28 by $ 0.28. The company posted revenue of $ 3.10 billion for the quarter, compared to $ 2.80 billion according to analysts’ estimates. Fidelity National Financial had a net margin of 17.06% and a return on equity of 23.66%. The company’s turnover increased 92.3% compared to the same quarter last year. In the same quarter of the previous year, the company made a profit of $ 0.73 per share. As a group, analysts predict that Fidelity National Financial will post 5.47 earnings per share for the current year.
Meanwhile, director Daniel D. Lane sold 5,709 shares of the company in a trade on Wednesday, June 16. The shares were sold at an average price of $ 46.36, for a total trade of $ 264,669.24. Following the closing of the sale, the Director now directly owns 265,622 shares of the company, valued at approximately $ 12,314,235.92. The transaction was disclosed in a legal file with the SEC, which is available through this link. Additionally, director William P. Foley II sold 251,721 shares of the company in a trade on Thursday, April 8. The stock was sold at an average price of $ 43.38, for a total trade of $ 10,919,656.98. Following the sale, the Director now directly owns 4,853,160 shares of the company, valued at $ 210,530,080.80. Disclosure of this sale can be found here. Insiders have sold 582,775 shares of the company valued at $ 26,299,568 in the past three months. Insiders own 5.80% of the shares of the company.
Several hedge funds and other institutional investors have recently bought and sold stocks. BlackRock Inc. increased its holdings of Fidelity National Financial shares by 9.0% during the 1st quarter. BlackRock Inc. now owns 28,352,501 shares of the financial services provider valued at $ 1,152,812,000 after purchasing an additional 2,335,739 shares during the period. River Road Asset Management LLC increased its holdings in shares of Fidelity National Financial by 7.0% during the 1st quarter. River Road Asset Management LLC now owns 6,197,207 shares of the financial services provider valued at $ 251,978,000 after purchasing an additional 405,605 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its holdings of Fidelity National Financial shares by 14.6% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,172,433 shares of the financial services provider valued at $ 202,190,000 after purchasing an additional 658,818 shares during the period. Charles Schwab Investment Management Inc. increased its holdings of Fidelity National Financial shares by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,490,398 shares of the financial services provider valued at $ 175,530,000 after purchasing an additional 206,291 shares during the period. Finally, Geode Capital Management LLC increased its stake in Fidelity National Financial by 9.7% during the first quarter. Geode Capital Management LLC now owns 3,971,449 shares of the financial services provider valued at $ 161,303,000 after purchasing an additional 351,536 shares in the last quarter. 78.67% of the shares are held by institutional investors and hedge funds.
Profile of the national financial company Fidelity
Fidelity National Financial, Inc., along with its subsidiaries, offers a variety of insurance products in the United States. The company operates through the Title, M&E and Corporate and Other segments. It provides title insurance, escrow and other title-related services, including trust business, fiduciary sales guarantees, registrations and retrocessions, and home warranty insurance.
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