Shares of Fidelity National Financial Inc (NYSE:FNF) have earned an average rating of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $43.80.
Several brokerages have recently commented on FNF. Zacks Investment Research raised shares of Fidelity National Financial from a “sell” rating to a “hold” rating in a research note on Thursday, June 28th. ValuEngine downgraded shares of Fidelity National Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, May 22nd.
In related news, CFO Anthony Park sold 55,779 shares of the stock in a transaction dated Thursday, June 21st. The shares were sold at an average price of $36.99, for a total value of $2,063,265.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Janet Kerr sold 1,064 shares of the stock in a transaction dated Monday, April 23rd. The stock was sold at an average price of $38.12, for a total transaction of $40,559.68. Following the completion of the transaction, the director now directly owns 20,672 shares of the company’s stock, valued at $788,016.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 119,998 shares of company stock valued at $4,573,185. 6.10% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. GWM Advisors LLC increased its stake in shares of Fidelity National Financial by 7.7% during the first quarter. GWM Advisors LLC now owns 35,011 shares of the financial services provider’s stock valued at $1,371,000 after purchasing an additional 2,500 shares in the last quarter. Ellington Management Group LLC increased its stake in shares of Fidelity National Financial by 49.1% during the fourth quarter. Ellington Management Group LLC now owns 7,900 shares of the financial services provider’s stock valued at $310,000 after purchasing an additional 2,600 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Fidelity National Financial by 1.3% during the first quarter. Great West Life Assurance Co. Can now owns 219,233 shares of the financial services provider’s stock valued at $8,789,000 after purchasing an additional 2,748 shares in the last quarter. Xact Kapitalforvaltning AB increased its stake in shares of Fidelity National Financial by 6.3% during the first quarter. Xact Kapitalforvaltning AB now owns 51,845 shares of the financial services provider’s stock valued at $2,075,000 after purchasing an additional 3,060 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new position in shares of Fidelity National Financial during the fourth quarter valued at approximately $122,000. 80.97% of the stock is owned by institutional investors and hedge funds.
Shares of Fidelity National Financial traded down $0.10, hitting $37.26, during midday trading on Thursday, Marketbeat Ratings reports. 50,846 shares of the stock traded hands, compared to its average volume of 1,232,495. The company has a market cap of $10.33 billion, a price-to-earnings ratio of 16.46 and a beta of 0.80. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.17. Fidelity National Financial has a one year low of $31.87 and a one year high of $42.52.
Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, May 2nd. The financial services provider reported $0.42 EPS for the quarter, meeting the consensus estimate of $0.42. The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.70 billion. Fidelity National Financial had a net margin of 8.66% and a return on equity of 13.04%. During the same period in the prior year, the firm posted $0.42 earnings per share. research analysts forecast that Fidelity National Financial will post 2.78 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 29th. Investors of record on Friday, June 15th were paid a $0.30 dividend. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date was Thursday, June 14th. Fidelity National Financial’s dividend payout ratio is presently 52.86%.
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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