Fidelity National Financial, Inc. (NYSE:FNF) Lifted to Buy at ValuEngine

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Fidelity National Financial (NYSE:FNF)

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