Keefe, Bruyette & Woods Reaffirms Hold Rating for Fidelity National Financial, Inc. (FNF)

Keefe, Bruyette & Woods reaffirmed their hold rating on shares of Fidelity National Financial, Inc. (NYSE:FNF) in a research note published on Sunday, October 29th. Keefe, Bruyette & Woods currently has a $37.00 price target on the financial services provider’s stock.

FNF has been the topic of a number of other reports. Zacks Investment Research upgraded Fidelity National Financial from a hold rating to a buy rating and set a $54.00 target price on the stock in a research note on Thursday, August 17th. Piper Jaffray Companies restated a buy rating and issued a $48.00 price objective on shares of Fidelity National Financial in a research note on Friday, July 14th. Finally, Barclays PLC lifted their target price on Fidelity National Financial from $48.00 to $49.00 and gave the company an overweight rating in a report on Monday, July 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $44.17.

Shares of Fidelity National Financial (FNF) opened at $39.87 on Friday. Fidelity National Financial has a 52-week low of $22.83 and a 52-week high of $40.12. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.17. The company has a market cap of $10,603.14, a P/E ratio of 14.96 and a beta of 0.93.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, October 25th. The financial services provider reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.04. Fidelity National Financial had a net margin of 7.77% and a return on equity of 11.05%. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter last year, the firm posted $0.69 EPS. Fidelity National Financial’s revenue was up 2.0% compared to the same quarter last year. research analysts expect that Fidelity National Financial will post 2.54 earnings per share for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a $0.27 dividend. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.25. The ex-dividend date is Thursday, December 14th. This represents a $1.08 dividend on an annualized basis and a yield of 2.71%. Fidelity National Financial’s payout ratio is presently 55.79%.

In related news, insider Brent B. Bickett sold 80,000 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $48.21, for a total value of $3,856,800.00. Following the sale, the insider now directly owns 584,367 shares of the company’s stock, valued at $28,172,333.07. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Janet Kerr sold 786 shares of the company’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $48.41, for a total value of $38,050.26. Following the completion of the sale, the director now directly owns 11,817 shares in the company, valued at $572,060.97. The disclosure for this sale can be found here. Insiders own 5.00% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Stephens Inc. AR grew its stake in shares of Fidelity National Financial by 25.7% in the second quarter. Stephens Inc. AR now owns 17,912 shares of the financial services provider’s stock worth $803,000 after acquiring an additional 3,661 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Fidelity National Financial by 38.8% in the first quarter. Goldman Sachs Group Inc. now owns 844,881 shares of the financial services provider’s stock worth $32,899,000 after acquiring an additional 236,376 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Fidelity National Financial by 94.3% in the second quarter. BNP Paribas Arbitrage SA now owns 104,336 shares of the financial services provider’s stock worth $4,677,000 after acquiring an additional 50,633 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Fidelity National Financial by 4.1% in the second quarter. Wells Fargo & Company MN now owns 4,217,229 shares of the financial services provider’s stock worth $189,058,000 after acquiring an additional 166,745 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. grew its stake in shares of Fidelity National Financial by 543.2% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 41,984 shares of the financial services provider’s stock worth $1,882,000 after acquiring an additional 35,457 shares during the last quarter. 81.92% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Fidelity National Financial (NYSE:FNF)

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