FNF Group of Fidelity National Financial (FNF) Receives Daily Coverage Optimism Rating of 0.41
News stories about FNF Group of Fidelity National Financial (NYSE:FNF) have trended positive on Thursday, according to AlphaOne Sentiment Analysis. The research firm, a subsidiary of Accern, identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. FNF Group of Fidelity National Financial earned a coverage optimism score of 0.41 on AlphaOne’s scale. AlphaOne also gave press coverage about the financial services provider an impact score of 79 out of 100, indicating that recent media coverage is likely to have an impact on the company’s share price in the near future.
Shares of FNF Group of Fidelity National Financial (NYSE:FNF) traded up 0.46% during midday trading on Thursday, reaching $39.52. 930,109 shares of the company traded hands. The company has a 50-day moving average of $38.34 and a 200 day moving average of $35.87. The firm has a market capitalization of $10.76 billion, a PE ratio of 16.89 and a beta of 0.80. FNF Group of Fidelity National Financial has a 12-month low of $30.62 and a 12-month high of $39.64.
FNF Group of Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, February 1st. The financial services provider reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.09. FNF Group of Fidelity National Financial had a net margin of 7.51% and a return on equity of 10.61%. The company had revenue of $339 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the prior year, the company earned $0.55 EPS. FNF Group of Fidelity National Financial’s quarterly revenue was up 12.2% on a year-over-year basis. On average, equities analysts forecast that FNF Group of Fidelity National Financial will post $2.47 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Friday, March 17th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, March 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.53%. FNF Group of Fidelity National Financial’s payout ratio is 42.74%.
Several brokerages have recently weighed in on FNF. Keefe, Bruyette & Woods restated a “hold” rating and issued a $38.00 price objective on shares of FNF Group of Fidelity National Financial in a report on Wednesday. Monness Crespi & Hardt raised their target price on shares of FNF Group of Fidelity National Financial from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Monday, April 10th. Finally, Zacks Investment Research downgraded shares of FNF Group of Fidelity National Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, March 29th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $42.60.
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In other news, Director Daniel D. Lane sold 27,097 shares of the firm’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $38.51, for a total transaction of $1,043,505.47. Following the sale, the director now owns 256,766 shares of the company’s stock, valued at approximately $9,888,058.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Peter T. Sadowski sold 17,288 shares of the firm’s stock in a transaction that occurred on Thursday, March 23rd. The stock was sold at an average price of $38.75, for a total transaction of $669,910.00. The disclosure for this sale can be found here. 5.00% of the stock is owned by company insiders.
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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