ValuEngine upgraded shares of Fidelity National Financial, Inc. (NYSE:FNF) from a hold rating to a buy rating in a report issued on Friday.
Other equities analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Fidelity National Financial from a hold rating to a buy rating and set a $53.00 price objective on the stock in a research report on Monday, July 24th. Piper Jaffray Companies reiterated a buy rating and set a $48.00 price objective on shares of Fidelity National Financial in a research report on Friday, July 14th. Finally, SunTrust Banks, Inc. reiterated a buy rating and set a $41.00 price objective on shares of Fidelity National Financial in a research report on Friday, October 20th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. Fidelity National Financial presently has an average rating of Buy and a consensus target price of $44.17.
Fidelity National Financial (NYSE FNF) opened at $38.74 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. The stock has a market cap of $10,551.14, a P/E ratio of 14.88 and a beta of 0.93. Fidelity National Financial has a 12-month low of $22.83 and a 12-month high of $38.83.
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 Thomson Reuters’ consensus estimate of $0.67 by $0.04. Fidelity National Financial had a net margin of 7.77% and a return on equity of 11.05%. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the business posted $0.69 earnings per share. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. equities analysts forecast that Fidelity National Financial will post 2.54 EPS for the current year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.79%. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.25. The ex-dividend date is Thursday, December 14th. Fidelity National Financial’s payout ratio is presently 55.79%.
In other news, Director Janet Kerr sold 786 shares of the business’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $48.41, for a total transaction of $38,050.26. Following the transaction, the director now directly owns 11,817 shares in the company, valued at approximately $572,060.97. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Brent B. Bickett sold 80,000 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $48.21, for a total transaction of $3,856,800.00. Following the transaction, the insider now owns 584,367 shares in the company, valued at $28,172,333.07. The disclosure for this sale can be found here. Insiders own 5.00% of the company’s stock.
Several institutional investors have recently bought and sold shares of FNF. Dimensional Fund Advisors LP grew its holdings in shares of Fidelity National Financial by 7.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,338,595 shares of the financial services provider’s stock valued at $52,126,000 after acquiring an additional 90,956 shares in the last quarter. KCG Holdings Inc. purchased a new position in shares of Fidelity National Financial during the 1st quarter valued at $232,000. AQR Capital Management LLC grew its holdings in shares of Fidelity National Financial by 3.9% during the 1st quarter. AQR Capital Management LLC now owns 116,120 shares of the financial services provider’s stock valued at $4,522,000 after acquiring an additional 4,361 shares in the last quarter. Xact Kapitalforvaltning AB grew its holdings in shares of Fidelity National Financial by 1.0% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 44,801 shares of the financial services provider’s stock valued at $2,008,000 after acquiring an additional 430 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new position in shares of Fidelity National Financial during the 2nd quarter valued at $493,000. Institutional investors and hedge funds own 81.92% of the company’s stock.
Fidelity National Financial Company Profile
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.
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