Fidelity National Financial (NYSE:FNF) Reaches New 52-Week Low – Should You Sell?

Shares of Fidelity National Financial, Inc. (NYSE:FNFGet Free Report) reached a new 52-week low during mid-day trading on Saturday . The company traded as low as $50.56 and last traded at $52.1970, with a volume of 3324617 shares traded. The stock had previously closed at $54.21.

Key Fidelity National Financial News

Here are the key news stories impacting Fidelity National Financial this week:

Wall Street Analyst Weigh In

FNF has been the topic of a number of research reports. Stephens assumed coverage on shares of Fidelity National Financial in a research note on Friday, November 14th. They set an “overweight” rating on the stock. Wall Street Zen downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Monday, January 26th. National Bank Financial set a $63.00 target price on Fidelity National Financial in a report on Tuesday, January 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Fidelity National Financial in a research report on Monday, December 29th. Finally, Barclays reduced their price target on Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 6th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $68.25.

Get Our Latest Research Report on Fidelity National Financial

Fidelity National Financial Price Performance

The company has a fifty day simple moving average of $55.08 and a 200 day simple moving average of $57.15. The stock has a market capitalization of $14.68 billion, a price-to-earnings ratio of 24.56, a P/E/G ratio of 0.66 and a beta of 0.98. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.25 and a current ratio of 44.61.

Fidelity National Financial (NYSE:FNFGet Free Report) last issued its quarterly earnings results on Thursday, February 19th. The financial services provider reported $1.41 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.10). The company had revenue of $4.05 billion during the quarter, compared to analyst estimates of $3.66 billion. Fidelity National Financial had a net margin of 4.17% and a return on equity of 15.73%. The company’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.34 EPS. Equities research analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be given a $0.52 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.0%. Fidelity National Financial’s payout ratio is 97.65%.

Insider Activity at Fidelity National Financial

In related news, Director Halim Dhanidina sold 6,000 shares of Fidelity National Financial stock in a transaction on Monday, January 5th. The shares were sold at an average price of $55.90, for a total transaction of $335,400.00. Following the completion of the transaction, the director owned 13,186 shares of the company’s stock, valued at $737,097.40. This trade represents a 31.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.50% of the company’s stock.

Institutional Trading of Fidelity National Financial

A number of large investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. boosted its position in shares of Fidelity National Financial by 8.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 629,616 shares of the financial services provider’s stock valued at $40,975,000 after purchasing an additional 47,267 shares in the last quarter. Acadian Asset Management LLC lifted its stake in Fidelity National Financial by 141.9% in the first quarter. Acadian Asset Management LLC now owns 14,478 shares of the financial services provider’s stock valued at $941,000 after buying an additional 8,494 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of Fidelity National Financial by 9.8% during the 2nd quarter. D.A. Davidson & CO. now owns 49,907 shares of the financial services provider’s stock worth $2,798,000 after buying an additional 4,459 shares in the last quarter. Forum Financial Management LP boosted its holdings in shares of Fidelity National Financial by 9.3% during the 2nd quarter. Forum Financial Management LP now owns 8,089 shares of the financial services provider’s stock worth $453,000 after buying an additional 690 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its position in shares of Fidelity National Financial by 16.1% during the 2nd quarter. Asset Management One Co. Ltd. now owns 112,858 shares of the financial services provider’s stock worth $6,327,000 after buying an additional 15,651 shares during the period. 81.17% of the stock is currently owned by institutional investors and hedge funds.

About Fidelity National Financial

(Get Free Report)

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.

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