Barclays Reiterates “$46.00” Price Target for FNF Group of Fidelity National Financial (FNF)

FNF Group of Fidelity National Financial (NYSE:FNF) has been assigned a $46.00 price target by research analysts at Barclays in a research report issued on Friday. The firm presently has a “buy” rating on the financial services provider’s stock. Barclays’ target price points to a potential upside of 12.86% from the stock’s previous close.

A number of other analysts have also recently weighed in on FNF. Zacks Investment Research raised shares of FNF Group of Fidelity National Financial from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a report on Thursday, September 14th. SunTrust Banks reaffirmed a “buy” rating and issued a $41.00 price objective on shares of FNF Group of Fidelity National Financial in a report on Friday, October 20th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $37.00 price objective on shares of FNF Group of Fidelity National Financial in a report on Sunday, October 29th. ValuEngine raised shares of FNF Group of Fidelity National Financial from a “hold” rating to a “buy” rating in a report on Friday, November 10th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $44.00 price objective on shares of FNF Group of Fidelity National Financial in a report on Monday, December 18th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $44.00.

FNF Group of Fidelity National Financial (FNF) opened at $40.76 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.85 and a quick ratio of 0.85. FNF Group of Fidelity National Financial has a 52-week low of $26.37 and a 52-week high of $41.54. The stock has a market cap of $11,156.01, a PE ratio of 17.49 and a beta of 0.97.

FNF Group of Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.04. FNF Group of Fidelity National Financial had a net margin of 7.77% and a return on equity of 11.05%. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period last year, the firm posted $0.69 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. research analysts anticipate that FNF Group of Fidelity National Financial will post 2.47 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the stock. PointState Capital LP acquired a new position in FNF Group of Fidelity National Financial during the 2nd quarter valued at about $33,981,000. Kempen Capital Management N.V. acquired a new position in FNF Group of Fidelity National Financial during the 2nd quarter valued at about $24,082,000. PGGM Investments acquired a new position in FNF Group of Fidelity National Financial during the 3rd quarter valued at about $24,678,000. Vanguard Group Inc. increased its stake in FNF Group of Fidelity National Financial by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 22,037,492 shares of the financial services provider’s stock valued at $987,941,000 after buying an additional 413,840 shares during the period. Finally, Victory Capital Management Inc. increased its stake in FNF Group of Fidelity National Financial by 8.7% during the 3rd quarter. Victory Capital Management Inc. now owns 4,698,531 shares of the financial services provider’s stock valued at $222,993,000 after buying an additional 375,435 shares during the period. 81.27% of the stock is currently owned by institutional investors and hedge funds.

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About FNF Group of Fidelity National Financial

Fidelity National Financial, Inc (FNF) is a holding company. FNF, through its subsidiaries, provides title insurance, mortgage services and diversified services. FNF operates in four segments: Fidelity National Title Group, Remy, Restaurant Group and Corporate and Other. The Fidelity National Title Group segment consists of the operations of FNF’s title insurance underwriters and related businesses.

Analyst Recommendations for FNF Group of Fidelity National Financial (NYSE:FNF)

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