Fidelity National Financial Inc. (NYSE:FNF) EVP Peter T. Sadowski sold 34,191 shares of the company’s stock in a transaction that occurred on Wednesday, September 28th. The stock was sold at an average price of $37.41, for a total value of $1,279,085.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Peter T. Sadowski also recently made the following trade(s):
- On Thursday, September 22nd, Peter T. Sadowski sold 15,809 shares of Fidelity National Financial stock. The stock was sold at an average price of $37.55, for a total value of $593,627.95.
Shares of Fidelity National Financial Inc. (NYSE:FNF) opened at 36.85 on Friday. The firm’s 50-day moving average price is $37.28 and its 200 day moving average price is $35.30. Fidelity National Financial Inc. has a 52 week low of $28.24 and a 52 week high of $38.50. The stock has a market capitalization of $10.05 billion, a P/E ratio of 18.79 and a beta of 0.82.
Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ 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 earned $2.10 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the previous year, the firm posted $0.65 earnings per share. The company’s revenue was up 7.0% on a year-over-year basis. Analysts expect that Fidelity National Financial Inc. will post $2.45 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Wednesday, September 14th. Fidelity National Financial’s dividend payout ratio is presently 42.64%.
Hedge funds have recently bought and sold shares of the stock. Global X Management Co. LLC increased its stake in 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 valued at $128,000 after buying an additional 1,511 shares in the last quarter. Mizuho Asset Management Co. Ltd. increased its stake in 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 valued at $132,000 after buying an additional 2,141 shares in the last quarter. FNY Managed Accounts LLC increased its stake in Fidelity National Financial by 258.3% in the second quarter. FNY Managed Accounts LLC now owns 4,300 shares of the company’s stock valued at $161,000 after buying an additional 3,100 shares in the last quarter. BB&T Securities LLC bought a new stake in Fidelity National Financial during the second quarter valued at $200,000. Finally, Capstone Asset Management Co. bought a new stake in Fidelity National Financial during the second quarter valued at $204,000. 85.54% of the stock is owned by hedge funds and other institutional investors.
Several analysts recently weighed in on the company. Zacks Investment Research downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Monday. Barclays PLC restated an “overweight” rating and issued a $48.00 price target on shares of Fidelity National Financial in a research note on Monday, July 25th. Keefe, Bruyette & Woods downgraded Fidelity National Financial from an “outperform” rating to a “market perform” rating and upped their price target for the stock 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. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average 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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