Fidelity National Financial, Inc. (NYSE:FNF) – SunTrust Banks cut their Q2 2018 earnings per share estimates for Fidelity National Financial in a report issued on Thursday. SunTrust Banks analyst M. Hughes now expects that the financial services provider will post earnings of $0.70 per share for the quarter, down from their prior forecast of $0.71. SunTrust Banks currently has a “Buy” rating and a $41.00 target price on the stock. SunTrust Banks also issued estimates for Fidelity National Financial’s Q3 2018 earnings at $0.68 EPS.

Several other research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $37.00 price target on shares of Fidelity National Financial in a research note on Sunday. Finally, Barclays PLC lifted their price target on shares of Fidelity National Financial from $36.00 to $41.00 and gave the stock an “overweight” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $44.17.

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Shares of Fidelity National Financial (FNF) traded up 0.929% during midday trading on Monday, reaching $37.495. 520,010 shares of the company’s stock were exchanged. The stock has a market cap of $10.23 billion, a price-to-earnings ratio of 16.352 and a beta of 0.92. The firm has a 50 day moving average of $34.77 and a 200-day moving average of $32.73. Fidelity National Financial has a one year low of $31.64 and a one year high of $37.55.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, October 25th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Fidelity National Financial had a net margin of 7.77% and a return on equity of 11.09%. The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the previous year, the firm posted $0.69 EPS. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.91%. The ex-dividend date is Thursday, December 14th. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.25. Fidelity National Financial’s dividend payout ratio (DPR) is currently 55.79%.

In other news, insider Brent B. Bickett sold 80,000 shares of Fidelity National Financial stock in a transaction on Monday, September 18th. The shares were sold at an average price of $48.21, for a total transaction of $3,856,800.00. Following the transaction, the insider now owns 584,367 shares in the company, valued at approximately $28,172,333.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Janet Kerr sold 786 shares of Fidelity National Financial stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $48.41, for a total transaction of $38,050.26. Following the transaction, the director now owns 11,817 shares in the company, valued at approximately $572,060.97. The disclosure for this sale can be found here. Company insiders own 5.00% of the company’s stock.

Several institutional investors have recently modified their holdings of FNF. Fiduciary Trust Co. purchased a new position in shares of Fidelity National Financial during the 2nd quarter worth $137,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Fidelity National Financial by 3,739.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,417 shares of the financial services provider’s stock valued at $153,000 after buying an additional 3,328 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Fidelity National Financial by 3.9% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,467 shares of the financial services provider’s stock valued at $155,000 after buying an additional 131 shares in the last quarter. Atria Investments LLC purchased a new position in shares of Fidelity National Financial during the 2nd quarter valued at $205,000. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of Fidelity National Financial during the 2nd quarter valued at $210,000. Institutional investors and hedge funds own 81.83% of the company’s stock.

Fidelity National Financial Company Profile

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.

Earnings History and Estimates for Fidelity National Financial (NYSE:FNF)

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