ValuEngine upgraded shares of Fidelity National Financial, Inc. (NYSE:FNF) from a hold rating to a buy rating in a report published on Friday, November 10th.
A number of other equities analysts have also recently issued reports on the company. Zacks Investment Research raised Fidelity National Financial from a hold rating to a buy rating and set a $53.00 target price for the company in a report on Monday, July 24th. Piper Jaffray Companies reissued a buy rating and issued a $48.00 price target on shares of Fidelity National Financial in a research note on Friday, July 14th. Finally, SunTrust Banks, Inc. reissued a buy rating and issued a $41.00 price target on shares of Fidelity National Financial in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $44.17.
Shares of Fidelity National Financial (NYSE FNF) opened at $40.11 on Friday. The stock has a market capitalization of $11,082.12, a price-to-earnings ratio of 15.63 and a beta of 0.93. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.17. Fidelity National Financial has a one year low of $22.83 and a one year high of $40.61.
Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, October 25th. The financial services provider reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Fidelity National Financial had a return on equity of 11.05% and a net margin of 7.77%. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same period in the prior year, the company posted $0.69 EPS. The company’s revenue was up 2.0% compared to the same quarter last year. equities analysts predict that Fidelity National Financial will post 2.41 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $0.27 dividend. The ex-dividend date is Thursday, December 14th. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 2.69%. Fidelity National Financial’s dividend payout ratio is 55.79%.
In other Fidelity National Financial news, insider Brent B. Bickett sold 80,000 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $48.21, for a total value of $3,856,800.00. Following the completion of the sale, the insider now directly owns 584,367 shares of the company’s stock, valued at $28,172,333.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Janet Kerr sold 786 shares of the firm’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $48.41, for a total value of $38,050.26. Following the completion of the transaction, the director now directly owns 11,817 shares of the company’s stock, valued at $572,060.97. The disclosure for this sale can be found here. Corporate insiders own 5.00% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in Fidelity National Financial by 7.3% during the first quarter. Dimensional Fund Advisors LP now owns 1,338,595 shares of the financial services provider’s stock worth $52,126,000 after purchasing an additional 90,956 shares during the last quarter. KCG Holdings Inc. bought a new stake in Fidelity National Financial during the first quarter worth about $232,000. AQR Capital Management LLC lifted its stake in Fidelity National Financial by 3.9% during the first quarter. AQR Capital Management LLC now owns 116,120 shares of the financial services provider’s stock worth $4,522,000 after purchasing an additional 4,361 shares during the last quarter. Xact Kapitalforvaltning AB lifted its stake in Fidelity National Financial by 1.0% during the second quarter. Xact Kapitalforvaltning AB now owns 44,801 shares of the financial services provider’s stock worth $2,008,000 after purchasing an additional 430 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in Fidelity National Financial during the second quarter worth about $493,000. 82.28% of the stock is owned by institutional investors.
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.
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