Fidelity National Financial Inc. (FNF) Shares Down 2.1%
Shares of Fidelity National Financial Inc. (NYSE:FNF) dropped 2.1% during trading on Wednesday . The company traded as low as $36.06 and last traded at $36.76, with a volume of 1,093,894 shares changing hands. The stock had previously closed at $37.56.
FNF has been the topic of a number of analyst reports. Barclays PLC reaffirmed an “overweight” rating and set a $48.00 price objective on shares of Fidelity National Financial in a research note on Monday, July 25th. Zacks Investment Research raised Fidelity National Financial from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Monday, July 25th. Keefe, Bruyette & Woods lowered Fidelity National Financial from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $38.00 to $39.00 in a research note on Monday, July 18th. Finally, Piper Jaffray Cos. raised their price target on Fidelity National Financial from $38.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 5th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Fidelity National Financial has an average rating of “Buy” and an average target price of $42.50.
The stock has a market cap of $9.99 billion and a P/E ratio of 18.72. The company has a 50-day moving average price of $36.59 and a 200-day moving average price of $33.81.
Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Wednesday, July 20th. The company reported $0.74 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.08. The firm earned $2.10 billion during the quarter, compared to the consensus estimate of $2.08 billion. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 EPS. Analysts anticipate that Fidelity National Financial Inc. will post $2.45 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.29%.
In other news, Director William P. Foley II sold 461,474 shares of the business’s stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $34.90, for a total transaction of $16,105,442.60. Following the sale, the director now directly owns 3,692,310 shares of the company’s stock, valued at $128,861,619. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michael Joseph Nolan sold 9,978 shares of the business’s stock in a transaction on Wednesday, July 6th. The stock was sold at an average price of $11.34, for a total value of $113,150.52. Following the sale, the president now directly owns 280 shares in the company, valued at $3,175.20. The disclosure for this sale can be found here.
Other large investors recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Fidelity National Financial by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 15,385,411 shares of the company’s stock worth $533,412,000 after buying an additional 364,541 shares during the period. Morgan Stanley raised its stake in shares of Fidelity National Financial by 2.7% in the fourth quarter. Morgan Stanley now owns 1,856,847 shares of the company’s stock worth $64,377,000 after buying an additional 48,002 shares during the period. Wells Fargo & Company MN raised its stake in shares of Fidelity National Financial by 29.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,855,319 shares of the company’s stock worth $64,325,000 after buying an additional 417,640 shares during the period. BlackRock Advisors LLC raised its stake in shares of Fidelity National Financial by 12.5% in the fourth quarter. BlackRock Advisors LLC now owns 373,492 shares of the company’s stock worth $12,949,000 after buying an additional 41,456 shares during the period. Finally, Mizuho Trust & Banking Co. Ltd. raised its stake in shares of Fidelity National Financial by 1.1% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 371,509 shares of the company’s stock worth $12,873,000 after buying an additional 4,099 shares during the period.
Fidelity National Financial, Inc (FNF) is a holding company. FNF, through its subsidiaries, provides title insurance, mortgage services and diversified services. FNF operates in four segments: Fidelity National Title Group, Remy, Restaurant Group and Corporate and Other. The Fidelity National Title Group segment consists of the operations of FNF’s title insurance underwriters and related businesses.
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