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Tuesday, May 10, 2011

Potential Takeover Target (NYSE: FNF)

Shares of FNF traded higher by 1.04% or $0.16/share to $15.57. Fidelity National Financial, Inc. is trading at a price to book ratio of 0.99. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 1.25. The price to sales ratio came in at 0.59. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 1426620 shares of FNF exchange hands on a given day and today's volume is recorded at 613170. These factors combined make this company a prime takeover candidate. Lookout for any takeover chatter or takeover news regarding this stock as one of the bigger players may have an eye on this one.

Fidelity National Financial, Inc. (FNF) is a holding company.