Fidelity National Financial, Inc. (FNF) Raised to Buy at ValuEngine
ValuEngine upgraded shares of Fidelity National Financial, Inc. (NYSE:FNF) from a hold rating to a buy rating in a research note issued to investors on Friday.
A number of other equities analysts also recently commented on the company. Keefe, Bruyette & Woods restated a hold rating and set a $37.00 target price on shares of Fidelity National Financial in a report on Sunday, October 29th. Barclays PLC upped their target price on Fidelity National Financial from $36.00 to $41.00 and gave the company an overweight rating in a report on Friday, October 27th. Zacks Investment Research downgraded Fidelity National Financial from a hold rating to a strong sell rating in a report on Monday, October 23rd. Finally, SunTrust Banks, Inc. restated a buy rating and set a $41.00 target price on shares of Fidelity National Financial in a report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. The stock has an average rating of Buy and an average target price of $44.17.
Shares of Fidelity National Financial (NYSE:FNF) traded down $0.21 during trading on Friday, hitting $38.55. The company had a trading volume of 1,112,500 shares, compared to its average volume of 1,591,116. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $10,551.14, a P/E ratio of 14.88 and a beta of 0.93. Fidelity National Financial has a one year low of $22.83 and a one year high of $38.76.
Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, October 25th. The financial services provider reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. Fidelity National Financial had a return on equity of 11.05% and a net margin of 7.77%. The firm’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 earnings per share. equities analysts predict that Fidelity National Financial will post 2.54 EPS for the current year.
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The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.80%. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Thursday, December 14th. Fidelity National Financial’s dividend payout ratio is presently 55.79%.
In related news, Director Janet Kerr sold 786 shares of the company’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $48.41, for a total value of $38,050.26. Following the sale, the director now directly owns 11,817 shares of the company’s stock, valued at $572,060.97. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Brent B. Bickett sold 80,000 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $48.21, for a total value of $3,856,800.00. Following the completion of the sale, the insider now directly owns 584,367 shares in the company, valued at $28,172,333.07. The disclosure for this sale can be found here. 5.00% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the stock. Fiduciary Trust Co. purchased a new stake in shares of Fidelity National Financial in the second quarter worth $137,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Fidelity National Financial by 3,739.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,417 shares of the financial services provider’s stock worth $153,000 after acquiring an additional 3,328 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in shares of Fidelity National Financial by 3.9% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,467 shares of the financial services provider’s stock worth $155,000 after acquiring an additional 131 shares during the last quarter. Douglas Lane & Associates LLC purchased a new stake in shares of Fidelity National Financial in the third quarter worth $215,000. Finally, Atria Investments LLC purchased a new stake in shares of Fidelity National Financial in the second quarter worth $205,000. 81.92% of the stock is currently owned by institutional investors.
About Fidelity National Financial
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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