Somewhat Positive News Coverage Very Likely to Affect Fidelity National Financial (NYSE:FNF) Share Price
Press coverage about Fidelity National Financial (NYSE:FNF) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Fidelity National Financial earned a news sentiment score of 0.25 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 87 out of 100, indicating that recent news coverage is very likely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Fidelity National Financial, Inc. :FNF-US: Earnings Analysis: Q2, 2017 By the Numbers : August 3, 2017 (finance.yahoo.com)
- Technical Snapshots for These Financial Stocks — Fidelity National Financial, Washington Federal, NMI Holdings, and Assured Guaranty (markets.businessinsider.com)
- Fidelity National Financial Reaches Analyst Target Price (nasdaq.com)
- Average Brokerage Recommendation for Fidelity National Financial, Inc. (FNF) (overnewsmagazine.com)
- Atria Investments LLC Invests $205000 in Fidelity National Financial, Inc. (NYSE:FNF) (overnewsmagazine.com)
Several equities research analysts have recently weighed in on FNF shares. Monness Crespi & Hardt raised their price objective on Fidelity National Financial from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Monday, April 10th. Zacks Investment Research cut Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $38.00 target price on shares of Fidelity National Financial in a research report on Wednesday, April 19th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Fidelity National Financial has a consensus rating of “Buy” and an average target price of $46.60.
Fidelity National Financial (NYSE:FNF) traded down 0.12% during trading on Thursday, reaching $48.24. The company’s stock had a trading volume of 729,265 shares. The company’s 50 day moving average price is $45.27 and its 200 day moving average price is $40.50. Fidelity National Financial has a 52 week low of $31.64 and a 52 week high of $49.37. The company’s market cap is $13.16 billion.
Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Fidelity National Financial had a net margin of 7.49% and a return on equity of 10.76%. The business’s revenue was up 7.2% on a year-over-year basis. During the same period last year, the company earned $0.74 earnings per share. On average, equities analysts anticipate that Fidelity National Financial will post $2.55 earnings per share for the current fiscal year.
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 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend is Thursday, September 14th. Fidelity National Financial’s dividend payout ratio is currently 43.67%.
In other news, EVP Peter T. Sadowski sold 133,215 shares of Fidelity National Financial stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $47.53, for a total transaction of $6,331,708.95. Following the completion of the transaction, the executive vice president now directly owns 89,575 shares in the company, valued at $4,257,499.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Anthony Park sold 138,941 shares of the business’s stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $41.28, for a total transaction of $5,735,484.48. Following the transaction, the chief financial officer now owns 228,280 shares in the company, valued at $9,423,398.40. The disclosure for this sale can be found here. Insiders have sold 411,800 shares of company stock valued at $18,218,120 over the last quarter. Corporate 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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