Several other large investors also recently bought and sold shares of FNF. Commonwealth Retirement Investments LLC acquired a new position in shares of Fidelity National Financial during the 4th quarter worth $28,000. Headlands Technologies LLC acquired a new stake in Fidelity National Financial in the 2nd quarter valued at about $32,000. Cary Street Partners Investment Advisory LLC increased its holdings in Fidelity National Financial by 57.2% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 970 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 353 shares in the last quarter. Torren Management LLC purchased a new position in Fidelity National Financial during the 4th quarter valued at about $57,000. Finally, Fideuram Asset Management Ireland dac acquired a new position in Fidelity National Financial during the fourth quarter worth about $58,000. Institutional investors and hedge funds own 81.17% of the company’s stock.
Wall Street Analysts Forecast Growth Several analysts have recently commented on FNF shares. Stephens reiterated an “overweight” rating and issued a $55.00 price target on shares of Fidelity National Financial in a research report on Monday. Keefe, Bruyette & Woods cut their price objective on Fidelity National Financial from $64.00 to $61.00 and set an “outperform” rating for the company in a research report on Monday, August 10th. National Bank Financial set a $54.00 target price on Fidelity National Financial in a research note on Friday, August 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Fidelity National Financial in a report on Thursday, June 11th. Finally, Barclays raised their price target on Fidelity National Financial from $51.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $56.00.
Get Our Latest Stock Report on Fidelity National Financial Fidelity National Financial Trading Up 0.3% Shares of FNF opened at $47.42 on Tuesday. The stock has a fifty day moving average of $49.29 and a two-hundred day moving average of $49.45. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.26 and a current ratio of 0.26. The company has a market capitalization of $12.72 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 0.71 and a beta of 0.95. Fidelity National Financial, Inc. has a fifty-two week low of $42.78 and a fifty-two week high of $61.40.
Fidelity National Financial (NYSE:FNF – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.31 by $0.08. The company had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $3.79 billion. Fidelity National Financial had a return on equity of 16.07% and a net margin of 5.03%.The firm’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.16 EPS. As a group, analysts forecast that Fidelity National Financial, Inc. will post 5.14 EPS for the current year.
Fidelity National Financial Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Wednesday, September 16th. Fidelity National Financial’s dividend payout ratio is presently 73.50%.
Insider Activity at Fidelity National Financial In other news, EVP Peter T. Sadowski sold 69,196 shares of Fidelity National Financial stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $45.70, for a total value of $3,162,257.20. Following the transaction, the executive vice president directly owned 5,702 shares of the company’s stock, valued at $260,581.40. The trade was a 92.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 5.70% of the stock is currently owned by company insiders.
(Free Report)
Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.
FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.
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