Fidelity National Financial Inc (NYSE:FNF) has received an average recommendation of “Hold” from the six research firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $43.00.
FNF has been the topic of a number of research analyst reports. ValuEngine raised Fidelity National Financial from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd. Zacks Investment Research raised Fidelity National Financial from a “sell” rating to a “hold” rating in a report on Friday, July 20th. Barclays set a $43.00 target price on Fidelity National Financial and gave the company a “buy” rating in a report on Friday, October 26th. Finally, Keefe, Bruyette & Woods raised Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $39.00 target price on the stock in a report on Monday, July 16th.
In other news, COO Roger S. Jewkes sold 42,025 shares of the stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $39.52, for a total value of $1,660,828.00. Following the completion of the transaction, the chief operating officer now directly owns 201,762 shares in the company, valued at approximately $7,973,634.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Cary H. Thompson sold 85,639 shares of the stock in a transaction on Friday, September 7th. The shares were sold at an average price of $40.10, for a total value of $3,434,123.90. Following the completion of the transaction, the director now owns 74,000 shares of the company’s stock, valued at $2,967,400. The disclosure for this sale can be found here. Company insiders own 6.10% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in FNF. NumerixS Investment Technologies Inc bought a new position in shares of Fidelity National Financial in the 2nd quarter valued at $168,000. Cerebellum GP LLC lifted its stake in shares of Fidelity National Financial by 100.1% in the 3rd quarter. Cerebellum GP LLC now owns 4,514 shares of the financial services provider’s stock valued at $178,000 after acquiring an additional 2,258 shares during the last quarter. Zacks Investment Management bought a new position in shares of Fidelity National Financial in the 2nd quarter valued at $200,000. Capital One National Association bought a new position in shares of Fidelity National Financial in the 2nd quarter valued at $202,000. Finally, Park National Corp OH bought a new position in shares of Fidelity National Financial in the 3rd quarter valued at $206,000. Institutional investors own 82.85% of the company’s stock.
NYSE:FNF traded down $0.06 during trading hours on Wednesday, reaching $32.84. 125,495 shares of the company were exchanged, compared to its average volume of 1,604,245. The company has a market capitalization of $9.05 billion, a P/E ratio of 14.41 and a beta of 0.92. Fidelity National Financial has a 1-year low of $31.14 and a 1-year high of $42.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.85 and a quick ratio of 0.85.
Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.01). The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.04 billion. Fidelity National Financial had a return on equity of 16.32% and a net margin of 10.54%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.71 EPS. On average, sell-side analysts anticipate that Fidelity National Financial will post 2.76 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date is Thursday, December 13th. Fidelity National Financial’s dividend payout ratio is presently 52.86%.
Fidelity National Financial announced that its Board of Directors has authorized a share buyback plan on Tuesday, July 17th that allows the company to repurchase 25,000,000 outstanding shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
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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