Fidelity National Financial (NYSE:FNF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.
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. “
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Several other research analysts also recently commented on the stock. Stephens reaffirmed a “buy” rating and issued a $46.00 target price on shares of Fidelity National Financial in a research note on Thursday, February 1st. ValuEngine downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, April 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Fidelity National Financial currently has a consensus rating of “Hold” and a consensus price target of $43.83.
Shares of FNF traded up $0.14 during mid-day trading on Wednesday, reaching $38.45. The company’s stock had a trading volume of 739,488 shares, compared to its average volume of 1,458,300. The firm has a market cap of $10.71 billion, a price-to-earnings ratio of 16.94 and a beta of 0.84. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.71 and a current ratio of 0.71. Fidelity National Financial has a 52 week low of $30.02 and a 52 week high of $42.52.
Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, May 2nd. The financial services provider reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. Fidelity National Financial had a net margin of 8.66% and a return on equity of 13.04%. The company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the previous year, the firm earned $0.42 earnings per share. equities research analysts predict that Fidelity National Financial will post 2.79 earnings per share for the current year.
In other Fidelity National Financial news, Director Janet Kerr sold 1,064 shares of the business’s stock in a transaction on Monday, April 23rd. The shares were sold at an average price of $38.12, for a total transaction of $40,559.68. Following the transaction, the director now directly owns 20,672 shares of the company’s stock, valued at approximately $788,016.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel D. Lane sold 18,810 shares of the business’s stock in a transaction on Tuesday, March 20th. The shares were sold at an average price of $41.38, for a total transaction of $778,357.80. Following the transaction, the director now directly owns 261,696 shares in the company, valued at $10,828,980.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 112,303 shares of company stock worth $4,427,622. 6.10% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of FNF. Schwab Charles Investment Management Inc. increased its position in Fidelity National Financial by 3.9% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 594,190 shares of the financial services provider’s stock valued at $23,317,000 after purchasing an additional 22,078 shares during the period. State of Alaska Department of Revenue increased its position in Fidelity National Financial by 59.0% during the 4th quarter. State of Alaska Department of Revenue now owns 58,403 shares of the financial services provider’s stock valued at $2,291,000 after purchasing an additional 21,677 shares during the period. Strs Ohio increased its position in Fidelity National Financial by 12.8% during the 4th quarter. Strs Ohio now owns 66,343 shares of the financial services provider’s stock valued at $2,603,000 after purchasing an additional 7,553 shares during the period. Cerebellum GP LLC purchased a new position in Fidelity National Financial during the 4th quarter valued at $125,000. Finally, APG Asset Management N.V. purchased a new position in Fidelity National Financial during the 4th quarter valued at $7,856,000. 80.90% of the stock is currently owned by institutional investors and hedge funds.
About Fidelity National Financial
Fidelity National Financial, Inc, together with its subsidiaries, provides title insurance, technology, and transaction services to the real estate and mortgage industries in the United States. The company operates in Title, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including collection and trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.
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