Press coverage about Fidelity National Financial (NYSE:FNF) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative media coverage by reviewing 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 one, with scores closest to one being the most favorable. Fidelity National Financial earned a news impact score of 0.16 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 45.7692863775614 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
- Fidelity National Financial (FNFV) Given Media Impact Score of 0.14 (currenthollywood.com)
- Fidelity National Financial, Inc. breached its 50 day moving average in a Bullish Manner : FNF-US : September 11, 2017 (finance.yahoo.com)
- FNF Group of Fidelity National Financial Inc – Hi-tech Beacon (hitechbeacon.com)
- Premier Provider of Software and Data and Analytics Solutions Rebrands as Black Knight – Markets Insider (markets.businessinsider.com)
- Rebrand: Black Knight, Minus the ‘Financial Services Inc … – Mortgageorb (mortgageorb.com)
A number of research firms have recently commented on FNF. Zacks Investment Research downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. ValuEngine upgraded Fidelity National Financial from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Piper Jaffray Companies reiterated a “buy” rating and issued a $48.00 price objective on shares of Fidelity National Financial in a report on Friday, July 14th. Finally, Barclays PLC increased their price objective on Fidelity National Financial from $48.00 to $49.00 and gave the company an “overweight” rating in a report on Monday, July 3rd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $46.40.
Fidelity National Financial (FNF) opened at 47.78 on Tuesday. The stock has a market cap of $13.04 billion, a P/E ratio of 20.84 and a beta of 0.96. Fidelity National Financial has a 1-year low of $31.64 and a 1-year high of $49.37. The company’s 50-day moving average price is $47.65 and its 200-day moving average price is $42.78.
Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.03. Fidelity National Financial had a return on equity of 10.41% and a net margin of 7.49%. The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter in the prior year, the firm posted $0.74 earnings per share. Fidelity National Financial’s revenue for the quarter was up 7.2% compared to the same quarter last year. Analysts predict that Fidelity National Financial will post $2.55 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.09%. The ex-dividend date is Thursday, September 14th. Fidelity National Financial’s payout ratio is currently 43.67%.
In other Fidelity National Financial news, insider Brent B. Bickett sold 58,896 shares of the company’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $44.77, for a total transaction of $2,636,773.92. Following the sale, the insider now owns 562,658 shares in the company, valued at $25,190,198.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Peter T. Sadowski sold 133,215 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $47.53, for a total value of $6,331,708.95. Following the sale, the executive vice president now owns 89,575 shares in the company, valued at approximately $4,257,499.75. The disclosure for this sale can be found here. Corporate insiders own 5.00% of the company’s stock.
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About Fidelity National Financial
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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