ValuEngine downgraded shares of Fidelity National Financial (NYSE:FNF) from a hold rating to a sell rating in a research report report published on Wednesday morning.

Several other brokerages have also issued reports on FNF. Keefe, Bruyette & Woods raised Fidelity National Financial from a market perform rating to an outperform rating and set a $39.00 target price for the company in a research report on Monday, July 16th. Zacks Investment Research lowered Fidelity National Financial from a hold rating to a sell rating in a research report on Monday, October 15th. Two equities research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $43.40.

Shares of NYSE:FNF traded up $0.20 during trading on Wednesday, hitting $32.32. The stock had a trading volume of 1,709,275 shares, compared to its average volume of 1,498,595. Fidelity National Financial has a 12 month low of $31.14 and a 12 month high of $42.52. The firm has a market capitalization of $8.88 billion, a P/E ratio of 12.15 and a beta of 0.76. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.80 and a current ratio of 3.25.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, October 24th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.01). Fidelity National Financial had a return on equity of 16.32% and a net margin of 10.54%. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same period in the prior year, the company posted $0.71 EPS. The firm’s revenue was up 5.7% on a year-over-year basis. On average, equities analysts forecast that Fidelity National Financial will post 2.79 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Thursday, December 13th. Fidelity National Financial’s dividend payout ratio is currently 52.86%.

Fidelity National Financial announced that its board has authorized a stock repurchase program on Tuesday, July 17th that authorizes the company to repurchase 25,000,000 outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

In related news, Director Cary H. Thompson sold 85,639 shares of the company’s stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $40.10, for a total value of $3,434,123.90. Following the sale, the director now owns 74,000 shares in the company, valued at approximately $2,967,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Roger S. Jewkes sold 42,025 shares of the company’s stock in a transaction that occurred 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 sale, the chief operating officer now owns 201,762 shares in the company, valued at approximately $7,973,634.24. The disclosure for this sale can be found here. Corporate insiders own 6.10% of the company’s stock.

Several institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. grew its stake in shares of Fidelity National Financial by 3.0% in the 1st quarter. Principal Financial Group Inc. now owns 17,034,893 shares of the financial services provider’s stock worth $681,736,000 after buying an additional 500,930 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Fidelity National Financial by 0.3% in the 2nd quarter. Victory Capital Management Inc. now owns 4,792,452 shares of the financial services provider’s stock worth $180,292,000 after buying an additional 16,420 shares during the last quarter. OppenheimerFunds Inc. grew its stake in shares of Fidelity National Financial by 0.5% in the 2nd quarter. OppenheimerFunds Inc. now owns 4,202,439 shares of the financial services provider’s stock worth $158,096,000 after buying an additional 19,168 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd grew its stake in shares of Fidelity National Financial by 77.3% in the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 2,448,841 shares of the financial services provider’s stock worth $96,361,000 after buying an additional 1,067,814 shares during the last quarter. Finally, TPG Group Holdings SBS Advisors Inc. grew its stake in shares of Fidelity National Financial by 22.0% in the 2nd quarter. TPG Group Holdings SBS Advisors Inc. now owns 1,985,032 shares of the financial services provider’s stock worth $74,677,000 after buying an additional 357,654 shares during the last quarter. Institutional investors own 82.54% of the company’s stock.

Fidelity National Financial Company Profile

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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