Peter T. Sadowski Sells 17,288 Shares of FNF Group of Fidelity National Financial, Inc. (FNF) Stock

FNF Group of Fidelity National Financial, Inc. (NYSE:FNF) EVP Peter T. Sadowski sold 17,288 shares of the business’s stock in a transaction dated Thursday, March 23rd. The shares were sold at an average price of $38.75, for a total value of $669,910.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of FNF Group of Fidelity National Financial, Inc. (NYSE:FNF) traded up 0.46% during mid-day trading on Thursday, reaching $39.52. The company’s stock had a trading volume of 930,109 shares. The company has a 50-day moving average of $38.38 and a 200-day moving average of $35.89. FNF Group of Fidelity National Financial, Inc. has a 12 month low of $30.62 and a 12 month high of $39.64. The company has a market cap of $10.76 billion, a P/E ratio of 16.89 and a beta of 0.80.

FNF Group of Fidelity National Financial (NYSE:FNF) last posted its earnings results on Wednesday, February 1st. The financial services provider reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.09. FNF Group of Fidelity National Financial had a net margin of 7.51% and a return on equity of 10.61%. The business earned $339 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the previous year, the firm posted $0.55 EPS. The firm’s revenue was up 12.2% on a year-over-year basis. Equities research analysts forecast that FNF Group of Fidelity National Financial, Inc. will post $2.47 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for FNF Group of Fidelity National Financial (NYSE:FNF)

The business also recently announced a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Friday, March 17th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date was Wednesday, March 15th. FNF Group of Fidelity National Financial’s dividend payout ratio (DPR) is presently 42.74%.

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A number of large investors have recently bought and sold shares of the company. Orbis Allan Gray Ltd increased its stake in FNF Group of Fidelity National Financial by 49.7% in the fourth quarter. Orbis Allan Gray Ltd now owns 6,220,056 shares of the financial services provider’s stock worth $211,233,000 after buying an additional 2,065,395 shares during the period. Edge Asset Management Inc. increased its stake in FNF Group of Fidelity National Financial by 32.2% in the fourth quarter. Edge Asset Management Inc. now owns 7,459,934 shares of the financial services provider’s stock worth $253,339,000 after buying an additional 1,818,514 shares during the period. Renaissance Technologies LLC increased its stake in FNF Group of Fidelity National Financial by 394.5% in the fourth quarter. Renaissance Technologies LLC now owns 1,793,415 shares of the financial services provider’s stock worth $60,904,000 after buying an additional 1,430,715 shares during the period. State Street Corp increased its stake in FNF Group of Fidelity National Financial by 15.8% in the fourth quarter. State Street Corp now owns 5,697,188 shares of the financial services provider’s stock worth $193,482,000 after buying an additional 776,690 shares during the period. Finally, Hahn Capital Management LLC bought a new stake in FNF Group of Fidelity National Financial during the third quarter worth approximately $25,973,000. 86.50% of the stock is owned by institutional investors and hedge funds.

FNF has been the subject of a number of research analyst reports. Monness Crespi & Hardt boosted their target price on FNF Group of Fidelity National Financial from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Monday, April 10th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $38.00 price objective on shares of FNF Group of Fidelity National Financial in a report on Wednesday. Finally, Zacks Investment Research raised FNF Group of Fidelity National Financial from a “sell” rating to a “hold” rating in a report on Wednesday, March 22nd. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $42.60.

About FNF Group of 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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