Media stories about Fidelity National Financial (NYSE:FNF) have been trending positive recently, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Fidelity National Financial earned a daily sentiment score of 0.37 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 46.0941589905892 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
A number of research analysts have weighed in on FNF shares. Zacks Investment Research upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research note on Tuesday, January 16th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $42.00 price target on shares of Fidelity National Financial in a research note on Friday, December 22nd. Barclays set a $46.00 price target on Fidelity National Financial and gave the company a “buy” rating in a research note on Friday, January 12th. Finally, ValuEngine upgraded Fidelity National Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, March 28th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $44.00.
Shares of FNF traded down $0.44 during mid-day trading on Friday, reaching $38.52. The company’s stock had a trading volume of 2,674,676 shares, compared to its average volume of 1,684,593. Fidelity National Financial has a 1-year low of $27.53 and a 1-year high of $42.52. The stock has a market cap of $10,692.13, a price-to-earnings ratio of 16.97 and a beta of 0.83. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.17.
Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.60. Fidelity National Financial had a return on equity of 11.71% and a net margin of 8.13%. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.91 billion. During the same period last year, the firm posted $0.71 earnings per share. The business’s revenue was down 8.9% on a year-over-year basis. analysts expect that Fidelity National Financial will post 2.79 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Friday, March 16th were given a $0.27 dividend. The ex-dividend date was Thursday, March 15th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.80%. Fidelity National Financial’s payout ratio is 52.86%.
In other news, EVP Peter T. Sadowski sold 29,274 shares of the firm’s stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $38.92, for a total value of $1,139,344.08. Following the completion of the sale, the executive vice president now directly owns 123,328 shares of the company’s stock, valued at $4,799,925.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Daniel D. Lane sold 18,810 shares of the firm’s stock in a transaction that occurred on Tuesday, March 20th. The shares were sold at an average price of $41.38, for a total value of $778,357.80. Following the completion of the sale, the director now directly owns 261,696 shares of the company’s stock, valued at $10,828,980.48. The disclosure for this sale can be found here. Company insiders own 5.00% of the company’s stock.
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About Fidelity National Financial
Fidelity National Financial, Inc, together with its subsidiaries, provides title insurance, technology, and transaction services to the real estate and mortgage industries 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 collection and trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.
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