Q3 2017 EPS Estimates for Fidelity National Financial, Inc. (NYSE:FNF) Lifted by SunTrust Banks

Fidelity National Financial, Inc. (NYSE:FNF) – Stock analysts at SunTrust Banks upped their Q3 2017 EPS estimates for shares of Fidelity National Financial in a research note issued to investors on Thursday. SunTrust Banks analyst M. Hughes now forecasts that the financial services provider will post earnings per share of $0.73 for the quarter, up from their prior forecast of $0.71. SunTrust Banks also issued estimates for Fidelity National Financial’s FY2017 earnings at $2.57 EPS, Q1 2018 earnings at $0.44 EPS, Q2 2018 earnings at $0.77 EPS, Q3 2018 earnings at $0.78 EPS and Q4 2018 earnings at $0.71 EPS.

A number of other research firms have also recently commented on FNF. Piper Jaffray Companies restated a “buy” rating and issued a $48.00 price objective on shares of Fidelity National Financial in a research report on Friday, July 14th. Barclays PLC upped their price objective on shares of Fidelity National Financial from $48.00 to $49.00 and gave the company an “overweight” rating in a research report on Monday, July 3rd. Zacks Investment Research cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, Monness Crespi & Hardt upped their price objective on shares of Fidelity National Financial from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, May 5th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Fidelity National Financial presently has a consensus rating of “Buy” and a consensus target price of $45.80.

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Shares of Fidelity National Financial (NYSE:FNF) opened at 47.57 on Monday. The stock has a 50 day moving average price of $44.18 and a 200 day moving average price of $39.66. The firm has a market cap of $12.89 billion, a PE ratio of 20.75 and a beta of 0.93. Fidelity National Financial has a 12 month low of $31.64 and a 12 month high of $47.61.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, July 19th. The financial services provider reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.03. The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Fidelity National Financial had a return on equity of 10.76% and a net margin of 7.49%. Fidelity National Financial’s revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.74 earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Thursday, September 14th. Fidelity National Financial’s dividend payout ratio is currently 43.67%.

In other Fidelity National Financial news, CFO Anthony Park sold 138,941 shares of the 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 completion of the transaction, the chief financial officer now owns 228,280 shares in the company, valued at approximately $9,423,398.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Brent B. Bickett sold 58,896 shares of the stock in a transaction dated 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 transaction, the insider now owns 562,658 shares of the company’s stock, valued at approximately $25,190,198.66. The disclosure for this sale can be found here. In the last 90 days, insiders sold 278,585 shares of company stock valued at $11,886,411. 5.00% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Fidelity National Financial by 4.3% in the first quarter. Vanguard Group Inc. now owns 21,623,652 shares of the financial services provider’s stock valued at $842,024,000 after buying an additional 884,191 shares during the last quarter. BlackRock Inc. boosted its position in shares of Fidelity National Financial by 4,066.1% in the first quarter. BlackRock Inc. now owns 14,703,507 shares of the financial services provider’s stock valued at $572,554,000 after buying an additional 14,350,573 shares during the last quarter. Harris Associates L P boosted its position in shares of Fidelity National Financial by 1.4% in the first quarter. Harris Associates L P now owns 13,306,977 shares of the financial services provider’s stock valued at $518,174,000 after buying an additional 181,700 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Fidelity National Financial by 4.6% in the first quarter. Principal Financial Group Inc. now owns 10,770,070 shares of the financial services provider’s stock valued at $419,387,000 after buying an additional 471,866 shares during the last quarter. Finally, Edge Asset Management Inc. boosted its position in shares of Fidelity National Financial by 0.8% in the first quarter. Edge Asset Management Inc. now owns 7,519,623 shares of the financial services provider’s stock valued at $292,814,000 after buying an additional 59,689 shares during the last quarter. Hedge funds and other institutional investors own 84.25% 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.

Earnings History and Estimates for Fidelity National Financial (NYSE:FNF)

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