Fidelity National Financial (NYSE:FNF) Rating Increased to Buy at Deutsche Bank Aktiengesellschaft

Fidelity National Financial (NYSE:FNF) was upgraded by Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note issued on Friday, MarketBeat.com reports. The firm presently has a $77.00 price objective on the financial services provider’s stock, up from their prior price objective of $76.00. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 35.52% from the stock’s previous close.

FNF has been the topic of several other research reports. Truist Financial lifted their target price on Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Barclays raised their price target on Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Fidelity National Financial from $63.00 to $64.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Fidelity National Financial currently has a consensus rating of “Moderate Buy” and an average target price of $66.60.

Fidelity National Financial Stock Up 1.5 %

FNF stock opened at $56.82 on Friday. The stock has a market cap of $15.55 billion, a PE ratio of 20.66 and a beta of 1.36. The firm’s 50-day simple moving average is $59.77 and its 200 day simple moving average is $57.54. Fidelity National Financial has a fifty-two week low of $46.85 and a fifty-two week high of $64.83. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.11). The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. Fidelity National Financial’s revenue for the quarter was up 29.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.23 EPS. As a group, sell-side analysts predict that Fidelity National Financial will post 4.57 EPS for the current year.

Insider Activity at Fidelity National Financial

In related news, Director Sandra Douglass Morgan sold 2,092 shares of the stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total transaction of $117,842.36. Following the completion of the sale, the director now directly owns 32,386 shares of the company’s stock, valued at $1,824,303.38. This represents a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its stake in shares of Fidelity National Financial by 31.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,456 shares of the financial services provider’s stock worth $270,000 after acquiring an additional 1,294 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Fidelity National Financial in the 2nd quarter worth about $35,000. CIBC Asset Management Inc raised its holdings in Fidelity National Financial by 3.0% during the 2nd quarter. CIBC Asset Management Inc now owns 15,523 shares of the financial services provider’s stock worth $767,000 after buying an additional 454 shares during the period. Foundations Investment Advisors LLC lifted its stake in Fidelity National Financial by 6.3% during the second quarter. Foundations Investment Advisors LLC now owns 7,717 shares of the financial services provider’s stock valued at $381,000 after buying an additional 460 shares in the last quarter. Finally, TD Asset Management Inc boosted its holdings in shares of Fidelity National Financial by 10.6% in the second quarter. TD Asset Management Inc now owns 54,961 shares of the financial services provider’s stock worth $2,716,000 after buying an additional 5,256 shares during the period. 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.