Fidelity National Financial Inc. (NYSE:FNF) EVP Peter T. Sadowski sold 15,809 shares of the business’s stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $37.55, for a total value of $593,627.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Fidelity National Financial Inc. (NYSE:FNF) traded down 0.16% during midday trading on Monday, hitting $36.92. The stock had a trading volume of 549,167 shares. Fidelity National Financial Inc. has a one year low of $28.24 and a one year high of $38.50. The firm has a market cap of $10.07 billion, a PE ratio of 18.83 and a beta of 0.82. The stock has a 50-day moving average price of $37.21 and a 200 day moving average price of $35.14.
Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.08. Fidelity National Financial had a return on equity of 9.47% and a net margin of 6.69%. The firm earned $2.10 billion during the quarter, compared to analyst estimates of $2.08 billion. During the same quarter last year, the firm earned $0.65 EPS. Fidelity National Financial’s quarterly revenue was up 7.0% on a year-over-year basis. On average, analysts predict that Fidelity National Financial Inc. will post $2.45 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.84 dividend on an annualized basis and a yield of 2.27%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 42.64%.
A number of large investors have recently modified their holdings of FNF. Global X Management Co. LLC raised its stake in shares of Fidelity National Financial by 79.2% in the second quarter. Global X Management Co. LLC now owns 3,419 shares of the company’s stock worth $128,000 after buying an additional 1,511 shares during the period. Mizuho Asset Management Co. Ltd. raised its stake in shares of Fidelity National Financial by 156.2% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 3,512 shares of the company’s stock worth $132,000 after buying an additional 2,141 shares during the period. FNY Managed Accounts LLC raised its stake in shares of Fidelity National Financial by 258.3% in the second quarter. FNY Managed Accounts LLC now owns 4,300 shares of the company’s stock worth $161,000 after buying an additional 3,100 shares during the period. BB&T Securities LLC acquired a new stake in shares of Fidelity National Financial during the second quarter worth $200,000. Finally, Capstone Asset Management Co. acquired a new stake in shares of Fidelity National Financial during the second quarter worth $204,000. Hedge funds and other institutional investors own 85.54% of the company’s stock.
A number of brokerages have weighed in on FNF. Zacks Investment Research upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Wednesday, September 21st. Barclays PLC reiterated an “overweight” rating and issued a $48.00 price objective on shares of Fidelity National Financial in a research note on Monday, July 25th. Keefe, Bruyette & Woods cut Fidelity National Financial from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $38.00 to $39.00 in a research note on Monday, July 18th. Finally, Piper Jaffray Cos. upped their price target on Fidelity National Financial from $38.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 5th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Fidelity National Financial presently has a consensus rating of “Buy” and a consensus target price of $42.33.
Fidelity National Financial Company Profile
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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