ValuEngine Upgrades Fidelity National Financial, Inc. (NYSE:FNF) to “Buy”

ValuEngine upgraded shares of Fidelity National Financial, Inc. (NYSE:FNF) from a hold rating to a buy rating in a research report report published on Friday, September 1st.

Several other research analysts have also issued reports on FNF. Monness Crespi & Hardt increased their price objective on Fidelity National Financial from $42.00 to $45.00 and gave the stock a buy rating in a research note on Friday, May 5th. Zacks Investment Research upgraded Fidelity National Financial from a hold rating to a buy rating and set a $47.00 target price for the company in a research note on Monday, May 8th. Finally, Barclays PLC raised their target price on Fidelity National Financial from $48.00 to $49.00 and gave the company an overweight rating in a research note on Monday, July 3rd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Fidelity National Financial presently has a consensus rating of Buy and a consensus price target of $46.60.

Shares of Fidelity National Financial (FNF) traded up 1.50% during trading on Friday, hitting $47.99. 1,298,506 shares of the stock traded hands. The company’s 50 day moving average is $47.72 and its 200 day moving average is $43.03. The firm has a market cap of $13.09 billion, a PE ratio of 20.93 and a beta of 0.96. Fidelity National Financial has a 52-week low of $31.64 and a 52-week high of $49.37.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, July 19th. The financial services provider reported $0.75 EPS for the quarter, topping the consensus estimate of $0.72 by $0.03. Fidelity National Financial had a return on equity of 10.41% and a net margin of 7.49%. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period last year, the business earned $0.74 earnings per share. Fidelity National Financial’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, equities research analysts predict that Fidelity National Financial will post $2.55 EPS for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Thursday, September 14th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 43.67%.

In related news, EVP Peter T. Sadowski sold 133,215 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $47.53, for a total transaction of $6,331,708.95. Following the transaction, the executive vice president now directly owns 89,575 shares of the company’s stock, valued at approximately $4,257,499.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brent B. Bickett sold 58,896 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $44.77, for a total value of $2,636,773.92. Following the transaction, the insider now directly owns 562,658 shares in the company, valued at $25,190,198.66. The disclosure for this sale can be found here. Insiders own 5.00% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fiduciary Trust Co. bought a new stake in Fidelity National Financial in the 2nd quarter valued at $137,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Fidelity National Financial by 3,739.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,417 shares of the financial services provider’s stock valued at $153,000 after acquiring an additional 3,328 shares during the period. Bronfman E.L. Rothschild L.P. lifted its position in shares of Fidelity National Financial by 3.9% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,467 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 131 shares during the period. Atria Investments LLC bought a new stake in shares of Fidelity National Financial during the 2nd quarter valued at $205,000. Finally, Oppenheimer & Co. Inc. bought a new stake in shares of Fidelity National Financial during the 2nd quarter valued at $210,000. Institutional investors and hedge funds own 84.89% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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