Zacks Investment Research upgraded shares of Fidelity National Financial (NYSE:FNF) from a sell rating to a hold rating in a research report sent to investors on Friday morning.
According to Zacks, “Fidelity National Title Group, Inc. is a leading provider of title insurance, specialty insurance and claims management services. FNT is one of the nation’s largest title insurance companies through its title insurance underwriters. FNT also provides flood insurance, personal lines insurance and home warranty insurance through it specialty insurance business. FNT also is a leading provider of outsourced claims management services to large corporate and public sector entities through its minority-owned subsidiary, Sedgwick CMS. “
Separately, ValuEngine cut Fidelity National Financial from a buy rating to a hold rating in a report on Tuesday, April 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $43.83.
Fidelity National Financial opened at $37.88 on Friday, MarketBeat Ratings reports. The stock has a market cap of $10.40 billion, a price-to-earnings ratio of 15.27 and a beta of 0.80. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.71 and a quick ratio of 0.71. Fidelity National Financial has a 1 year low of $31.89 and a 1 year high of $42.52.
Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, May 2nd. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.42. The firm had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.70 billion. Fidelity National Financial had a return on equity of 13.04% and a net margin of 8.66%. During the same quarter in the prior year, the company earned $0.42 EPS. sell-side analysts forecast that Fidelity National Financial will post 2.78 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 29th. Stockholders of record on Friday, June 15th were issued a $0.30 dividend. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.27. The ex-dividend date was Thursday, June 14th. This represents a $1.20 annualized dividend and a dividend yield of 3.17%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 52.86%.
In other news, CFO Anthony Park sold 55,779 shares of the firm’s stock in a transaction dated Thursday, June 21st. The stock was sold at an average price of $36.99, for a total value of $2,063,265.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Janet Kerr sold 1,064 shares of the firm’s stock in a transaction dated Monday, April 23rd. The shares were sold at an average price of $38.12, for a total value of $40,559.68. Following the completion of the transaction, the director now owns 20,672 shares of the company’s stock, valued at approximately $788,016.64. The disclosure for this sale can be found here. Insiders sold a total of 119,998 shares of company stock valued at $4,573,185 in the last 90 days. 6.10% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of FNF. S&CO Inc. acquired a new stake in Fidelity National Financial in the 1st quarter valued at about $200,000. Csenge Advisory Group acquired a new stake in Fidelity National Financial in the 1st quarter valued at about $200,000. Vident Investment Advisory LLC acquired a new stake in Fidelity National Financial in the 4th quarter valued at about $230,000. IBM Retirement Fund acquired a new stake in Fidelity National Financial in the 1st quarter valued at about $231,000. Finally, Granite Springs Asset Management LLC acquired a new stake in Fidelity National Financial in the 1st quarter valued at about $272,000. Institutional investors and hedge funds own 80.97% of the company’s stock.
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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