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.
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