Fidelity National Financial Inc. (NYSE:FNF) Director Cary H. Thompson sold 3,838 shares of Fidelity National Financial stock in a transaction dated Thursday, September 29th. The stock was sold at an average price of $36.85, for a total value of $141,430.30. Following the sale, the director now directly owns 44,532 shares of the company’s stock, valued at approximately $1,641,004.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Fidelity National Financial Inc. (NYSE:FNF) opened at 36.91 on Friday. The company has a market capitalization of $10.06 billion, a PE ratio of 18.82 and a beta of 0.82. Fidelity National Financial Inc. has a 12-month low of $28.24 and a 12-month high of $38.50. The stock’s 50 day moving average price is $37.29 and its 200 day moving average price is $35.34.
Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.66 by $0.08. Fidelity National Financial had a net margin of 6.69% and a return on equity of 9.47%. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same period in the prior year, the business posted $0.65 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities analysts anticipate that Fidelity National Financial Inc. will post $2.45 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 16th were issued a dividend of $0.21 per share. The ex-dividend date was Wednesday, September 14th. This represents a $0.84 dividend on an annualized basis and a yield of 2.28%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 42.64%.
A number of large investors have recently added to or reduced their stakes in FNF. Orbis Allan Gray Ltd acquired a new stake in Fidelity National Financial during the first quarter worth about $108,341,000. Roystone Capital Management LP purchased a new stake in shares of Fidelity National Financial during the second quarter worth $84,032,000. Cannell Peter B & Co Inc raised its stake in shares of Fidelity National Financial by 207.6% in the first quarter. Cannell Peter B & Co Inc now owns 1,868,376 shares of the company’s stock worth $63,338,000 after buying an additional 1,260,873 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Fidelity National Financial by 93.5% in the first quarter. Renaissance Technologies LLC now owns 2,123,715 shares of the company’s stock worth $71,994,000 after buying an additional 1,026,100 shares during the last quarter. Finally, Bloom Tree Partners LLC raised its stake in shares of Fidelity National Financial by 68.7% in the first quarter. Bloom Tree Partners LLC now owns 2,175,501 shares of the company’s stock worth $73,749,000 after buying an additional 886,298 shares during the last quarter. Institutional investors own 85.54% of the company’s stock.
FNF has been the subject of a number of recent research reports. Zacks Investment Research lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th. Barclays PLC restated an “overweight” rating and set a $48.00 price target on shares of Fidelity National Financial in a report on Monday, July 25th. Keefe, Bruyette & Woods downgraded Fidelity National Financial from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $38.00 to $39.00 in a report on Monday, July 18th. Finally, Piper Jaffray Cos. boosted their price target on Fidelity National Financial from $38.00 to $43.00 and gave the company an “overweight” rating in a report on Tuesday, July 5th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $42.33.
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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