Shares of Fidelity National Financial, Inc. (NYSE:FNF) have received an average recommendation of “Buy” from the seven research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $38.00.
A number of research analysts have weighed in on FNF shares. Keefe, Bruyette & Woods boosted 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, July 7th. ValuEngine cut shares of Fidelity National Financial from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 14th. Barclays boosted their target price on shares of Fidelity National Financial from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, October 9th. Finally, TheStreet cut shares of Fidelity National Financial from a “b” rating to a “c+” rating in a research note on Tuesday, October 27th.
Fidelity National Financial stock opened at $32.62 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.17 and a current ratio of 0.17. The stock has a market cap of $9.52 billion, a PE ratio of 10.84 and a beta of 1.23. Fidelity National Financial has a fifty-two week low of $19.00 and a fifty-two week high of $49.28. The firm’s 50-day simple moving average is $32.50 and its 200 day simple moving average is $31.26.
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Fidelity National Financial (NYSE:FNF) last released its earnings results on Tuesday, August 4th. The financial services provider reported $1.09 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.38. The firm had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Fidelity National Financial had a net margin of 9.70% and a return on equity of 19.57%. The company’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.92 earnings per share. As a group, analysts predict that Fidelity National Financial will post 4.03 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Thursday, December 17th will be given a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, December 16th. This represents a $1.44 annualized dividend and a dividend yield of 4.41%. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.33. Fidelity National Financial’s payout ratio is 38.94%.
In related news, COO Roger S. Jewkes sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $34.27, for a total transaction of $685,400.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Michael Joseph Nolan sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $34.21, for a total transaction of $855,250.00. Following the sale, the president now directly owns 256,732 shares in the company, valued at approximately $8,782,801.72. The disclosure for this sale can be found here. In the last three months, insiders sold 457,502 shares of company stock worth $14,695,175. Insiders own 5.80% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. Symmetry Partners LLC bought a new stake in Fidelity National Financial during the 3rd quarter worth approximately $363,000. GWM Advisors LLC bought a new stake in Fidelity National Financial during the 3rd quarter worth approximately $320,000. Mraz Amerine & Associates Inc. bought a new stake in Fidelity National Financial during the 3rd quarter worth approximately $233,000. ZWJ Investment Counsel Inc. bought a new stake in Fidelity National Financial during the 3rd quarter worth approximately $540,000. Finally, Los Angeles Capital Management & Equity Research Inc. increased its holdings in Fidelity National Financial by 39.9% during the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,809,507 shares of the financial services provider’s stock worth $56,656,000 after acquiring an additional 516,447 shares during the period. 79.00% of the stock is currently owned by institutional investors and hedge funds.
Fidelity National Financial Company Profile
Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through 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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There are more than 500 brokerages and research houses that hire analysts to issue ratings and recommendations. Collectively, these brokerages and their analysts publish approximately 250,000 ratings each year. Every trading day, there are nearly 700 reports and recommendations that are released to the public. To say that it’s difficult to separate the signal from the noise when interpreting this data would be an understatement.
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