Fidelity National Financial, Inc. (FNF) Earns “Hold” Rating from Keefe, Bruyette & Woods
Keefe, Bruyette & Woods reiterated their hold rating on shares of Fidelity National Financial, Inc. (NYSE:FNF) in a report issued on Sunday morning. Keefe, Bruyette & Woods currently has a $37.00 price objective on the financial services provider’s stock.
FNF has been the subject of several other research reports. Zacks Investment Research downgraded shares of Fidelity National Financial from a buy rating to a hold rating in a report on Tuesday, September 5th. SunTrust Banks, Inc. reiterated a buy rating and issued a $41.00 price target on shares of Fidelity National Financial in a research report on Friday, October 20th. Finally, Barclays PLC boosted 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 report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock. Fidelity National Financial has a consensus rating of Buy and an average target price of $44.17.
Fidelity National Financial (FNF) opened at 37.42 on Friday. Fidelity National Financial has a one year low of $31.64 and a one year high of $37.55. The stock has a market cap of $10.21 billion, a P/E ratio of 16.32 and a beta of 0.91. The stock has a 50 day moving average of $34.85 and a 200-day moving average of $32.76.
Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Wednesday, October 25th. The financial services provider reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.04. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. Fidelity National Financial had a net margin of 7.77% and a return on equity of 11.09%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.69 earnings per share. Analysts anticipate that Fidelity National Financial will post $2.46 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $0.27 dividend. The ex-dividend date is Thursday, December 14th. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 2.89%. Fidelity National Financial’s payout ratio is 55.79%.
In other Fidelity National Financial news, insider Brent B. Bickett sold 80,000 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $48.21, for a total value of $3,856,800.00. Following the sale, the insider now directly owns 584,367 shares in the company, valued at $28,172,333.07. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Janet Kerr sold 786 shares of the business’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $48.41, for a total transaction of $38,050.26. Following the completion of the sale, the director now owns 11,817 shares in the company, valued at $572,060.97. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by insiders.
A number of institutional investors have recently modified their holdings of the business. Csenge Advisory Group bought a new stake in Fidelity National Financial in the third quarter worth about $237,000. Andra AP fonden raised its position in Fidelity National Financial by 12.8% in the third quarter. Andra AP fonden now owns 220,500 shares of the financial services provider’s stock worth $10,465,000 after acquiring an additional 25,015 shares in the last quarter. Tocqueville Asset Management L.P. bought a new stake in Fidelity National Financial in the third quarter worth about $2,763,000. Canada Pension Plan Investment Board raised its position in Fidelity National Financial by 13.8% in the third quarter. Canada Pension Plan Investment Board now owns 503,758 shares of the financial services provider’s stock worth $23,908,000 after acquiring an additional 61,100 shares in the last quarter. Finally, Parametrica Management Ltd raised its position in Fidelity National Financial by 132.6% in the third quarter. Parametrica Management Ltd now owns 12,781 shares of the financial services provider’s stock worth $438,000 after acquiring an additional 7,287 shares in the last quarter. Hedge funds and other institutional investors own 81.83% of the company’s stock.
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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