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Thursday, August 4, 2011

Potential Takeover Candidate? (NYSE: FNF)

Shares of FNF fell by 3.02% or $-0.485/share to $15.56. Fidelity National Financial, Inc. is trading at a price to book ratio of 1.01. This indicates that the shares are relatively cheap compared to book value which means the market is pricing in going concern value. The PEG is 1.27. The price to sales ratio came in at 0.64. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 1779450 shares of FNF exchange hands on a given day and today's volume is recorded at 3562225. These factors combined may make this company a potential takeover candidate. Value investors may have an eye on this one, especially if the stock gets cheaper.

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