Peter T. Sadowski Sells 34,191 Shares of Fidelity National Financial Inc. (FNF) Stock
Fidelity National Financial Inc. (NYSE:FNF) EVP Peter T. Sadowski sold 34,191 shares of the firm’s stock in a transaction dated Wednesday, September 28th. The stock was sold at an average price of $37.41, for a total value of $1,279,085.31. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
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 has a 50-day moving average price of $37.28 and a 200-day moving average price of $35.30. Fidelity National Financial Inc. has a 52 week low of $28.24 and a 52 week high of $38.50. The firm has a market cap of $10.05 billion, a PE ratio of 18.79 and a beta of 0.82.
Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Wednesday, July 20th. The company reported $0.74 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $2.08 billion. During the same period in the prior year, the business earned $0.65 EPS. The company’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities research analysts predict that Fidelity National Financial Inc. will post $2.45 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date is Wednesday, September 14th. Fidelity National Financial’s payout ratio is currently 42.64%.
Several institutional investors have recently bought and sold shares of FNF. Orbis Allan Gray Ltd bought a new stake in Fidelity National Financial during the first quarter worth $108,341,000. Roystone Capital Management LP bought a new stake in Fidelity National Financial during the second quarter worth $84,032,000. Cannell Peter B & Co Inc raised its stake in Fidelity National Financial by 207.6% in the first quarter. Cannell Peter B & Co Inc now owns 1,868,376 shares of the company’s stock worth $63,338,000 after buying an additional 1,260,873 shares during the period. Renaissance Technologies LLC raised its stake in Fidelity National Financial by 93.5% in the first quarter. Renaissance Technologies LLC now owns 2,123,715 shares of the company’s stock worth $71,994,000 after buying an additional 1,026,100 shares during the period. Finally, Bloom Tree Partners LLC raised its stake in Fidelity National Financial by 68.7% in the first quarter. Bloom Tree Partners LLC now owns 2,175,501 shares of the company’s stock worth $73,749,000 after buying an additional 886,298 shares during the period. Hedge funds and other institutional investors own 85.54% of the company’s stock.
Several equities research analysts recently commented on the company. Zacks Investment Research raised Fidelity National Financial from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Monday, July 25th. Barclays PLC reaffirmed an “overweight” rating and set a $48.00 target price 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 raised their target price for the stock from $38.00 to $39.00 in a research note on Monday, July 18th. Finally, Piper Jaffray Cos. raised their target price 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target 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.
Receive News & Stock Ratings for Fidelity National Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Financial Inc. and related stocks with our FREE daily email newsletter.