Fidelity National Financial, Inc. (FNF) Insider Brent B. Bickett Sells 80,000 Shares of Stock

Fidelity National Financial, Inc. (NYSE:FNF) insider Brent B. Bickett sold 80,000 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $48.21, for a total transaction of $3,856,800.00. Following the sale, the insider now owns 584,367 shares of the company’s stock, valued at $28,172,333.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Fidelity National Financial, Inc. (FNF) opened at 48.43 on Wednesday. Fidelity National Financial, Inc. has a 1-year low of $31.64 and a 1-year high of $49.37. The firm has a market cap of $13.21 billion, a price-to-earnings ratio of 21.12 and a beta of 0.96. The company has a 50-day moving average of $47.70 and a 200-day moving average of $43.24.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.03. The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Fidelity National Financial had a net margin of 7.49% and a return on equity of 10.41%. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.74 earnings per share. Analysts predict that Fidelity National Financial, Inc. will post $2.55 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Thursday, September 14th. Fidelity National Financial’s dividend payout ratio is currently 43.67%.

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FNF has been the subject of a number of research reports. Zacks Investment Research cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, May 24th. Barclays PLC raised their target price on shares of Fidelity National Financial from $48.00 to $49.00 and gave the stock an “overweight” rating in a report on Monday, July 3rd. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $48.00 price objective on shares of Fidelity National Financial in a research note on Friday, July 14th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $46.60.

A number of hedge funds and other institutional investors have recently modified their holdings of FNF. BlackRock Inc. grew its holdings in Fidelity National Financial by 4,066.1% during the first quarter. BlackRock Inc. now owns 14,703,507 shares of the financial services provider’s stock valued at $572,554,000 after purchasing an additional 14,350,573 shares during the period. Principal Financial Group Inc. grew its holdings in Fidelity National Financial by 65.0% during the second quarter. Principal Financial Group Inc. now owns 17,770,127 shares of the financial services provider’s stock valued at $796,636,000 after purchasing an additional 7,000,057 shares during the period. Victory Capital Management Inc. grew its holdings in Fidelity National Financial by 1,675.0% during the second quarter. Victory Capital Management Inc. now owns 4,323,096 shares of the financial services provider’s stock valued at $193,805,000 after purchasing an additional 4,079,547 shares during the period. Alliancebernstein L.P. grew its holdings in Fidelity National Financial by 28.0% during the second quarter. Alliancebernstein L.P. now owns 5,965,608 shares of the financial services provider’s stock valued at $267,438,000 after purchasing an additional 1,303,871 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Fidelity National Financial by 4.3% during the first quarter. Vanguard Group Inc. now owns 21,623,652 shares of the financial services provider’s stock valued at $842,024,000 after purchasing an additional 884,191 shares during the period. Hedge funds and other institutional investors own 82.09% of the company’s stock.

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.

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

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