Traders sold shares of Fidelity National Financial, Inc. (NYSE:FNF) on strength during trading hours on Tuesday. $6.94 million flowed into the stock on the tick-up and $28.14 million flowed out of the stock on the tick-down, for a money net flow of $21.20 million out of the stock. Of all companies tracked, Fidelity National Financial had the 16th highest net out-flow for the day. Fidelity National Financial traded up $0.33 for the day and closed at $48.66
Several research firms have recently commented on FNF. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $38.00 price target on shares of Fidelity National Financial in a report on Wednesday, April 19th. Zacks Investment Research raised Fidelity National Financial from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Monday, June 19th. Monness Crespi & Hardt raised their price target on Fidelity National Financial from $42.00 to $45.00 and gave the company a “buy” rating in a report on Monday, May 15th. Finally, Barclays PLC raised their price target on Fidelity National Financial from $48.00 to $49.00 and gave the company an “overweight” rating in a report on Monday, July 3rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Fidelity National Financial presently has a consensus rating of “Buy” and an average price target of $46.60.
The company’s 50 day moving average is $45.73 and its 200-day moving average is $40.67. The firm has a market capitalization of $13.28 billion, a price-to-earnings ratio of 21.22 and a beta of 0.95.
Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.03. Fidelity National Financial had a return on equity of 10.41% and a net margin of 7.49%. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same period in the prior year, the company posted $0.74 EPS. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities analysts anticipate that Fidelity National Financial, Inc. will post $2.55 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Thursday, September 14th. Fidelity National Financial’s dividend payout ratio (DPR) is 43.67%.
In other Fidelity National Financial news, CFO Anthony Park sold 138,941 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $41.28, for a total value of $5,735,484.48. Following the completion of the sale, the chief financial officer now directly owns 228,280 shares in the company, valued at $9,423,398.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Peter T. Sadowski sold 133,215 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $47.53, for a total value of $6,331,708.95. Following the completion of the sale, the executive vice president now owns 89,575 shares of the company’s stock, valued at $4,257,499.75. The disclosure for this sale can be found here. Insiders sold a total of 411,800 shares of company stock valued at $18,218,120 over the last three months. Corporate insiders own 5.00% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in FNF. Creative Planning increased its stake in Fidelity National Financial by 8.6% in the first quarter. Creative Planning now owns 25,757 shares of the financial services provider’s stock worth $1,003,000 after buying an additional 2,047 shares during the period. Bank of Montreal Can increased its stake in Fidelity National Financial by 6.0% in the first quarter. Bank of Montreal Can now owns 113,852 shares of the financial services provider’s stock worth $4,433,000 after buying an additional 6,492 shares during the period. Capstone Asset Management Co. purchased a new stake in Fidelity National Financial during the first quarter worth $251,000. TNB Financial purchased a new stake in Fidelity National Financial during the first quarter worth $216,000. Finally, CWM LLC purchased a new stake in Fidelity National Financial during the first quarter worth $5,109,000. Hedge funds and other institutional investors own 83.22% of the company’s stock.
About 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.
Receive News & Ratings for Fidelity National Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Financial Inc. and related companies with our FREE daily email newsletter.