Fidelity National Financial (NYSE:FNF) Reaches New 12-Month High at $42.65


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Fidelity National Financial, Inc. (NYSE:FNF)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $42.65 and last traded at $42.64, with a volume of 5412507 shares traded. The stock had previously closed at $41.73.

Separately, Zacks Investment Research upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Wednesday, March 3rd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Fidelity National Financial presently has an average rating of “Buy” and a consensus target price of $39.80.

The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average of $40.12 and a two-hundred day moving average of $37.09. The company has a market capitalization of $12.55 billion, a PE ratio of 12.68 and a beta of 1.32.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, February 24th. The financial services provider reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.69. Fidelity National Financial had a return on equity of 20.07% and a net margin of 10.31%. The company had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $2.97 billion. During the same period in the prior year, the firm earned $0.95 earnings per share. On average, equities research analysts expect that Fidelity National Financial, Inc. will post 4.47 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Wednesday, March 17th were paid a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend was Tuesday, March 16th. Fidelity National Financial’s dividend payout ratio (DPR) is 42.48%.

In other news, CEO Raymond R. Quirk sold 116,320 shares of the stock in a transaction on Tuesday, March 9th. The stock was sold at an average price of $39.36, for a total value of $4,578,355.20. Also, President Michael Joseph Nolan sold 76,014 shares of the stock in a transaction on Thursday, March 11th. The shares were sold at an average price of $40.89, for a total value of $3,108,212.46. Following the completion of the sale, the president now owns 346,525 shares in the company, valued at $14,169,407.25. The disclosure for this sale can be found here. 5.80% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. Hudson Value Partners LLC purchased a new position in shares of Fidelity National Financial during the fourth quarter worth about $2,747,000. Hunter Associates Investment Management LLC grew its holdings in shares of Fidelity National Financial by 25.5% during the fourth quarter. Hunter Associates Investment Management LLC now owns 72,928 shares of the financial services provider’s stock worth $2,851,000 after buying an additional 14,800 shares during the last quarter. Argent Capital Management LLC grew its holdings in shares of Fidelity National Financial by 1.4% during the fourth quarter. Argent Capital Management LLC now owns 541,954 shares of the financial services provider’s stock worth $21,185,000 after buying an additional 7,245 shares during the last quarter. Gyon Technologies Capital Management LP grew its holdings in shares of Fidelity National Financial by 160.7% during the fourth quarter. Gyon Technologies Capital Management LP now owns 29,069 shares of the financial services provider’s stock worth $1,136,000 after buying an additional 17,917 shares during the last quarter. Finally, First Sabrepoint Capital Management LP grew its holdings in shares of Fidelity National Financial by 16.1% during the fourth quarter. First Sabrepoint Capital Management LP now owns 325,000 shares of the financial services provider’s stock worth $12,704,000 after buying an additional 45,000 shares during the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

About Fidelity National Financial (NYSE:FNF)

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 insurance.

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