News stories about FNF Group of Fidelity National Financial (NYSE:FNF) have trended positive on Friday, according to AlphaOne Sentiment Analysis. The research firm, a subsidiary of Accern, identifies positive and negative media coverage by monitoring 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 one, with scores nearest to one being the most favorable. FNF Group of Fidelity National Financial earned a coverage optimism score of 0.32 on AlphaOne’s scale. AlphaOne also gave press coverage about the financial services provider an impact score of 88 out of 100, indicating that recent media coverage is very likely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have impacted Alpha One Sentiment Analysis’s scoring:
Several brokerages have recently weighed in on FNF. Monness Crespi & Hardt raised their price objective on FNF Group of Fidelity National Financial from $42.00 to $45.00 and gave the company a “buy” rating in a report on Monday, May 15th. Zacks Investment Research upgraded FNF Group of Fidelity National Financial from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Wednesday. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $38.00 price objective on shares of FNF Group of Fidelity National Financial in a report on Wednesday, April 19th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. FNF Group of Fidelity National Financial has a consensus rating of “Buy” and an average target price of $44.40.
FNF Group of Fidelity National Financial (NYSE FNF) traded down 0.30% during trading on Friday, reaching $42.69. The company had a trading volume of 559,462 shares. The company has a market capitalization of $11.62 billion, a price-to-earnings ratio of 18.31 and a beta of 0.80. FNF Group of Fidelity National Financial has a one year low of $31.64 and a one year high of $43.99. The company has a 50-day moving average price of $41.40 and a 200 day moving average price of $37.40.
FNF Group of Fidelity National Financial (NYSE:FNF) last posted its earnings results on Wednesday, May 3rd. The financial services provider reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.05. FNF Group of Fidelity National Financial had a net margin of 7.51% and a return on equity of 10.61%. The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the prior year, the business posted $0.33 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. Analysts expect that FNF Group of Fidelity National Financial will post $2.52 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be issued a $0.25 dividend. The ex-dividend date is Wednesday, June 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.34%. FNF Group of Fidelity National Financial’s dividend payout ratio is presently 42.74%.
In other FNF Group of Fidelity National Financial news, CFO Anthony Park sold 138,941 shares of the company’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $41.28, for a total value of $5,735,484.48. Following the completion of the sale, the chief financial officer now directly owns 228,280 shares of the company’s stock, valued at approximately $9,423,398.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Michael Joseph Nolan sold 80,748 shares of the company’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $43.52, for a total transaction of $3,514,152.96. Following the completion of the sale, the president now directly owns 176,062 shares of the company’s stock, valued at $7,662,218.24. The disclosure for this sale can be found here. Insiders sold a total of 264,074 shares of company stock worth $10,963,053 in the last 90 days. 5.00% of the stock is currently owned by company insiders.
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FNF Group of 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.
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