Shares of Fidelity National Financial, Inc. (NYSE:FNF) have earned a consensus recommendation of “Buy” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $39.80.
Separately, Zacks Investment Research raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a report on Wednesday, March 3rd.
In other Fidelity National Financial news, CEO Raymond R. Quirk sold 116,320 shares of the firm’s stock in a transaction dated Tuesday, March 9th. The shares were sold at an average price of $39.36, for a total value of $4,578,355.20. Also, President Michael Joseph Nolan sold 76,014 shares of the firm’s stock in a transaction dated Thursday, March 11th. The shares were sold at an average price of $40.89, for a total transaction of $3,108,212.46. Following the completion of the sale, the president now owns 346,525 shares of the company’s stock, valued at approximately $14,169,407.25. The disclosure for this sale can be found here. Company insiders own 5.80% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Eudaimonia Partners LLC acquired a new stake in shares of Fidelity National Financial during the 3rd quarter worth approximately $33,000. AdvisorNet Financial Inc grew its position in shares of Fidelity National Financial by 112.8% during the 4th quarter. AdvisorNet Financial Inc now owns 1,011 shares of the financial services provider’s stock worth $40,000 after buying an additional 536 shares during the period. Dimension Capital Management LLC acquired a new stake in shares of Fidelity National Financial during the 3rd quarter worth approximately $43,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of Fidelity National Financial during the 3rd quarter worth approximately $59,000. Finally, Safeguard Investment Advisory Group LLC acquired a new stake in shares of Fidelity National Financial during the 4th quarter worth approximately $102,000. Hedge funds and other institutional investors own 76.37% of the company’s stock.
Fidelity National Financial stock traded up $0.37 during mid-day trading on Friday, reaching $43.66. The company had a trading volume of 2,101,527 shares, compared to its average volume of 2,208,290. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.37. Fidelity National Financial has a 52 week low of $23.58 and a 52 week high of $43.78. The company has a 50 day moving average of $40.27 and a 200-day moving average of $37.20. The firm has a market cap of $12.71 billion, a price-to-earnings ratio of 12.84 and a beta of 1.32.
Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, February 24th. The financial services provider reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.69. The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $2.97 billion. Fidelity National Financial had a net margin of 10.31% and a return on equity of 20.07%. During the same period in the prior year, the firm earned $0.95 EPS. On average, analysts predict that Fidelity National Financial will post 4.47 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Wednesday, March 17th were issued a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 3.30%. The ex-dividend date was Tuesday, March 16th. Fidelity National Financial’s dividend payout ratio is currently 42.48%.
About Fidelity National Financial
Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty insurance.
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