Media coverage about Fidelity National Financial (NYSE:FNF) has been trending somewhat positive this week, according to AlphaOne. The research firm, a subsidiary of Accern, ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Fidelity National Financial earned a daily sentiment score of 0.23 on AlphaOne’s scale. AlphaOne also gave media headlines about the financial services provider an impact score of 55 out of 100, meaning that recent media coverage is somewhat likely to have an impact on the company’s share price in the next several days.
These are some of the media headlines that may have effected Alpha One’s rankings:
A number of equities analysts recently issued reports on FNF shares. Zacks Investment Research upgraded Fidelity National Financial from a “sell” rating to a “hold” rating in a report on Wednesday, March 22nd. Monness Crespi & Hardt increased their target price on Fidelity National Financial from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, April 10th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $38.00 target price on shares of Fidelity National Financial in a report on Wednesday, April 19th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $44.40.
Fidelity National Financial (NYSE FNF) traded up 0.42% during midday trading on Thursday, reaching $43.08. The company had a trading volume of 627,944 shares. The company has a 50-day moving average of $41.72 and a 200-day moving average of $37.68. Fidelity National Financial has a 12-month low of $31.64 and a 12-month high of $43.99. The stock has a market capitalization of $11.73 billion, a PE ratio of 18.47 and a beta of 0.93.
Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, May 3rd. The financial services provider reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.05. Fidelity National Financial had a return on equity of 10.51% and a net margin of 7.34%. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, analysts predict that Fidelity National Financial will post $2.52 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 16th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.32%. The ex-dividend date is Wednesday, June 14th. Fidelity National Financial’s dividend payout ratio (DPR) is 42.92%.
In other Fidelity National Financial news, President Michael Joseph Nolan sold 80,748 shares of the business’s stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $43.52, for a total value of $3,514,152.96. Following the sale, the president now directly owns 176,062 shares of the company’s stock, valued at $7,662,218.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Daniel D. Lane sold 27,097 shares of the business’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $38.51, for a total value of $1,043,505.47. Following the completion of the sale, the director now directly owns 256,766 shares in the company, valued at $9,888,058.66. The disclosure for this sale can be found here. Insiders sold 264,074 shares of company stock worth $10,963,053 over the last three months. Corporate insiders own 5.00% of the company’s stock.
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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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