Shares of Fidelity National Financial Inc (NYSE:FNF) have been given a consensus recommendation of “Buy” by the six brokerages that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $35.00.
FNF has been the subject of a number of analyst reports. TheStreet downgraded shares of Fidelity National Financial from a “b-” rating to a “c” rating in a research note on Tuesday, March 24th. SunTrust Banks raised their target price on shares of Fidelity National Financial from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Keefe, Bruyette & Woods raised their target price on shares of Fidelity National Financial from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Tuesday. Compass Point downgraded shares of Fidelity National Financial from a “buy” rating to a “neutral” rating and set a $29.00 target price for the company. in a research note on Monday, April 20th. Finally, Zacks Investment Research raised shares of Fidelity National Financial from a “hold” rating to a “strong-buy” rating and set a $35.00 target price for the company in a research note on Wednesday, July 1st.
In related news, COO Roger S. Jewkes sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $33.92, for a total transaction of $33,920.00. Following the completion of the sale, the chief operating officer now owns 133,026 shares of the company’s stock, valued at $4,512,241.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Peter T. Sadowski sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $33.80, for a total transaction of $845,000.00. Following the sale, the executive vice president now directly owns 605,536 shares of the company’s stock, valued at approximately $20,467,116.80. The disclosure for this sale can be found here. Insiders have sold 282,181 shares of company stock valued at $9,230,421 in the last three months. 5.80% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of FNF. Rockefeller Capital Management L.P. grew its position in Fidelity National Financial by 89.1% in the 1st quarter. Rockefeller Capital Management L.P. now owns 1,382 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 651 shares during the period. Golden State Wealth Management LLC bought a new stake in Fidelity National Financial in the 1st quarter worth approximately $62,000. Livforsakringsbolaget Skandia Omsesidigt grew its position in Fidelity National Financial by 69.1% in the 1st quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,937 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 1,200 shares during the period. Ameritas Investment Company LLC bought a new stake in Fidelity National Financial in the 1st quarter worth approximately $92,000. Finally, Synovus Financial Corp grew its position in Fidelity National Financial by 1,809.3% in the 1st quarter. Synovus Financial Corp now owns 4,296 shares of the financial services provider’s stock worth $107,000 after purchasing an additional 4,071 shares during the period. 80.77% of the stock is owned by institutional investors and hedge funds.
FNF traded down $0.54 on Thursday, hitting $30.05. The company had a trading volume of 84,558 shares, compared to its average volume of 3,182,767. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.04 and a quick ratio of 1.04. Fidelity National Financial has a 52-week low of $19.00 and a 52-week high of $49.28. The stock has a fifty day simple moving average of $30.97 and a 200-day simple moving average of $35.59. The firm has a market capitalization of $9.03 billion, a P/E ratio of 10.50 and a beta of 1.28.
Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.73 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.13. Fidelity National Financial had a net margin of 9.51% and a return on equity of 19.93%. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same period last year, the business posted $0.43 earnings per share. Fidelity National Financial’s quarterly revenue was down 5.9% compared to the same quarter last year. Equities research analysts expect that Fidelity National Financial will post 2.72 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 18th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 4.39%. The ex-dividend date of this dividend was Monday, June 15th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 38.94%.
Fidelity National Financial Company Profile
Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates in Title, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.
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