Fidelity National Financial, Inc. (FNF) to Post Q4 2017 Earnings of $0.59 Per Share, SunTrust Banks Forecasts
Fidelity National Financial, Inc. (NYSE:FNF) – Stock analysts at SunTrust Banks cut their Q4 2017 EPS estimates for shares of Fidelity National Financial in a report released on Thursday. SunTrust Banks analyst M. Hughes now anticipates that the financial services provider will post earnings of $0.59 per share for the quarter, down from their previous estimate of $0.67. SunTrust Banks currently has a “Buy” rating and a $41.00 target price on the stock. SunTrust Banks also issued estimates for Fidelity National Financial’s Q1 2018 earnings at $0.36 EPS, Q4 2018 earnings at $0.64 EPS and FY2018 earnings at $2.40 EPS.
FNF has been the subject of several other research reports. Zacks Investment Research downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, September 5th. Barclays PLC boosted their price objective on Fidelity National Financial from $48.00 to $49.00 and gave the company an “overweight” rating in a research report on Monday, July 3rd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $45.67.
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Fidelity National Financial (NYSE FNF) opened at 35.70 on Monday. The firm’s 50-day moving average is $34.38 and its 200 day moving average is $32.30. The company has a market cap of $9.74 billion, a price-to-earnings ratio of 15.57 and a beta of 0.91. Fidelity National Financial has a 12-month low of $31.64 and a 12-month high of $49.37.
The firm also recently announced a dividend, which was paid on Monday, October 2nd. Investors of record on Monday, October 2nd were issued a dividend of $30.66 per share. The ex-dividend date of this dividend was Monday, October 2nd. Fidelity National Financial’s dividend payout ratio is presently 56.77%.
In other Fidelity National Financial news, Director Janet Kerr sold 786 shares of the 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 transaction, the director now owns 11,817 shares in the company, valued at $572,060.97. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Peter T. Sadowski sold 133,215 shares of the stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $47.53, for a total value of $6,331,708.95. Following the completion of the transaction, the executive vice president now owns 89,575 shares of the company’s stock, valued at approximately $4,257,499.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 214,001 shares of company stock valued at $10,226,559. 5.00% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of FNF. Neuberger Berman Group LLC raised its holdings in Fidelity National Financial by 33.6% in the first quarter. Neuberger Berman Group LLC now owns 12,790 shares of the financial services provider’s stock worth $498,000 after purchasing an additional 3,214 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in Fidelity National Financial in the first quarter worth $233,000. Dimensional Fund Advisors LP raised its holdings in Fidelity National Financial by 7.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,338,595 shares of the financial services provider’s stock worth $52,126,000 after purchasing an additional 90,956 shares in the last quarter. KCG Holdings Inc. bought a new position in Fidelity National Financial in the first quarter worth $232,000. Finally, Bank of America Corp DE raised its holdings in Fidelity National Financial by 2.9% in the first quarter. Bank of America Corp DE now owns 1,066,963 shares of the financial services provider’s stock worth $41,548,000 after purchasing an additional 30,086 shares in the last quarter. Institutional investors and hedge funds own 82.13% of the company’s stock.
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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