Zacks Investment Research upgraded shares of FNF Group of Fidelity National Financial, Inc. (NYSE:FNF) from a hold rating to a buy rating in a research report released on Monday. The firm currently has $47.00 price objective on the financial services provider’s stock.
According to Zacks, “Fidelity National Title Group, Inc. is a leading provider of title insurance, specialty insurance and claims management services. FNT is one of the nation’s largest title insurance companies through its title insurance underwriters. FNT also provides flood insurance, personal lines insurance and home warranty insurance through it specialty insurance business. FNT also is a leading provider of outsourced claims management services to large corporate and public sector entities through its minority-owned subsidiary, Sedgwick CMS. “
Other equities analysts have also recently issued reports about the company. Monness Crespi & Hardt raised their target price on FNF Group of Fidelity National Financial from $42.00 to $45.00 and gave the stock a buy rating in a report on Monday, May 15th. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $38.00 target price on shares of FNF Group of Fidelity National Financial in a report on Wednesday, April 19th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $44.20.
Shares of FNF Group of Fidelity National Financial (NYSE FNF) opened at 42.97 on Monday. The company’s 50 day moving average price is $40.86 and its 200 day moving average price is $37.04. The company has a market capitalization of $11.70 billion, a P/E ratio of 18.43 and a beta of 0.80. FNF Group of Fidelity National Financial has a 12 month low of $31.64 and a 12 month high of $43.49.
FNF Group of Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, May 3rd. The financial services provider reported $0.42 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.05. FNF Group of Fidelity National Financial had a return on equity of 10.61% and a net margin of 7.51%. The company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period last year, the firm earned $0.33 EPS. FNF Group of Fidelity National Financial’s revenue for the quarter was up 2.6% compared to the same quarter last year. Analysts expect that FNF Group of Fidelity National Financial will post $2.52 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 16th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $1.00 dividend on an annualized basis and a yield of 2.33%. FNF Group of Fidelity National Financial’s payout ratio is presently 42.74%.
In other FNF Group of Fidelity National Financial news, Director Daniel D. Lane sold 27,097 shares of the 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 owns 256,766 shares in the company, valued at approximately $9,888,058.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Anthony Park sold 138,941 shares of the stock in a transaction on Friday, May 19th. The stock was 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 owns 228,280 shares of the company’s stock, valued at approximately $9,423,398.40. The disclosure for this sale can be found here. Insiders sold a total of 183,326 shares of company stock valued at $7,448,900 in the last quarter. 5.00% of the stock is currently owned by company insiders.
Large investors have recently modified their holdings of the company. Israel Discount Bank of New York GFN acquired a new stake in shares of FNF Group of Fidelity National Financial during the fourth quarter worth about $107,000. Salem Investment Counselors Inc. acquired a new stake in shares of FNF Group of Fidelity National Financial during the third quarter worth about $125,000. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its stake in shares of FNF Group of Fidelity National Financial by 3,296.0% in the fourth quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 129,591 shares of the financial services provider’s stock worth $130,000 after buying an additional 125,775 shares during the last quarter. FTB Advisors Inc. raised its stake in shares of FNF Group of Fidelity National Financial by 234.3% in the first quarter. FTB Advisors Inc. now owns 3,891 shares of the financial services provider’s stock worth $159,000 after buying an additional 2,727 shares during the last quarter. Finally, King Luther Capital Management Corp acquired a new stake in shares of FNF Group of Fidelity National Financial during the first quarter worth about $204,000. Institutional investors and hedge funds own 86.50% of the company’s stock.
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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