Fidelity National Financial Sees Unusually High Options Volume (NYSE:FNF)
Fidelity National Financial Inc (NYSE:FNF) was the recipient of unusually large options trading activity on Wednesday. Traders bought 773 call options on the stock. This is an increase of approximately 1,358% compared to the average volume of 53 call options.
Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research report on Wednesday, June 5th. Compass Point cut shares of Fidelity National Financial from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $42.50 to $43.75 in a research report on Monday, April 29th. They noted that the move was a valuation call. SunTrust Banks lifted their target price on shares of Fidelity National Financial to $45.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Piper Jaffray Companies lifted their target price on shares of Fidelity National Financial from $44.00 to $49.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. Finally, ValuEngine cut shares of Fidelity National Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $43.96.
Several large investors have recently bought and sold shares of FNF. Penserra Capital Management LLC purchased a new position in Fidelity National Financial in the 1st quarter valued at approximately $26,000. Cresset Asset Management LLC purchased a new position in Fidelity National Financial in the 1st quarter valued at approximately $38,000. Covington Capital Management purchased a new position in Fidelity National Financial in the 4th quarter valued at approximately $40,000. Icon Wealth Partners LLC purchased a new position in Fidelity National Financial in the 1st quarter valued at approximately $42,000. Finally, Financial Gravity Companies Inc. purchased a new position in Fidelity National Financial in the 4th quarter valued at approximately $60,000. 82.83% of the stock is currently owned by institutional investors.
Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Fidelity National Financial had a net margin of 9.67% and a return on equity of 16.03%. Fidelity National Financial’s revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.42 EPS. As a group, sell-side analysts expect that Fidelity National Financial will post 2.76 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.31 dividend. The ex-dividend date is Thursday, June 13th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.14%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 45.93%.
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About Fidelity National Financial
Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates in Title, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.
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