Media coverage about Fidelity National Financial (NYSE:FNF) has been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Fidelity National Financial earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 81 out of 100, meaning that recent press coverage is very likely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have effected Accern’s analysis:
- Fidelity National Financial, Inc. (NYSE:FNF) Set to Announce Quarterly Earnings on Wednesday (americanbankingnews.com)
- Ambac Financial Group (AMBC) versus Fidelity National Financial (FNF) Head to Head Contrast (americanbankingnews.com)
- Fidelity National Financial, Inc. (FNF) Earns Buy Rating from Piper Jaffray Companies (americanbankingnews.com)
- Are Fidelity National Information Services, Inc. (FIS) Stock Technicals Favorable? (joshnaijablog.com)
- Fidelity National Information Services, Inc. (FIS) Stake Decreased by Credit Suisse AG (lazertecnologia.com)
A number of research firms have issued reports on FNF. Zacks Investment Research lowered shares of Fidelity National Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, March 29th. Monness Crespi & Hardt lifted their target price on shares of Fidelity National Financial from $40.00 to $42.00 and gave the company a “buy” rating in a report on Monday, April 10th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $38.00 price target on shares of Fidelity National Financial in a report on Wednesday, April 19th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $45.80.
Fidelity National Financial (FNF) opened at 45.80 on Tuesday. The stock’s 50 day moving average is $42.74 and its 200 day moving average is $38.55. The firm has a market cap of $12.47 billion, a PE ratio of 19.64 and a beta of 0.93. Fidelity National Financial has a 12 month low of $31.64 and a 12 month high of $46.00.
Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, May 3rd. The financial services provider reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.05. Fidelity National Financial had a return on equity of 10.51% and a net margin of 7.34%. The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the prior year, the company earned $0.33 EPS. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities analysts forecast that Fidelity National Financial will post $2.54 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Friday, June 16th were issued a $0.25 dividend. The ex-dividend date was Wednesday, June 14th. This represents a $1.00 annualized dividend and a yield of 2.18%. Fidelity National Financial’s dividend payout ratio (DPR) is 42.92%.
In other news, insider Brent B. Bickett sold 58,896 shares of the 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 completion of the transaction, the insider now directly owns 562,658 shares of the company’s stock, valued at approximately $25,190,198.66. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Anthony Park sold 138,941 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 228,280 shares of the company’s stock, valued at $9,423,398.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 278,585 shares of company stock valued at $11,886,411. Insiders own 5.00% of the company’s stock.
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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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