Cary H. Thompson Sells 3,838 Shares of Fidelity National Financial Inc. (FNF) Stock
Fidelity National Financial Inc. (NYSE:FNF) Director Cary H. Thompson sold 3,838 shares of the stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $36.85, for a total value of $141,430.30. Following the transaction, the director now owns 44,532 shares in the company, valued at approximately $1,641,004.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Fidelity National Financial Inc. (NYSE:FNF) opened at 36.91 on Friday. Fidelity National Financial Inc. has a 12 month low of $28.24 and a 12 month high of $38.50. The firm has a market capitalization of $10.06 billion, a price-to-earnings ratio of 18.82 and a beta of 0.82. The company has a 50-day moving average price of $37.29 and a 200-day moving average price of $35.34.
Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, July 20th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 business earned $2.10 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same period last year, the business posted $0.65 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. Equities analysts forecast that Fidelity National Financial Inc. will post $2.45 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend was Wednesday, September 14th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 42.64%.
Several institutional investors have recently made changes to their positions in the stock. Cannell Peter B & Co Inc boosted its position in shares of 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 valued at $63,338,000 after buying an additional 1,260,873 shares during the period. M&T Bank Corp raised its stake in shares of Fidelity National Financial by 10.2% in the first quarter. M&T Bank Corp now owns 14,738 shares of the company’s stock valued at $500,000 after buying an additional 1,367 shares during the period. Menta Capital LLC purchased a new stake in shares of Fidelity National Financial during the first quarter valued at about $346,000. JPMorgan Chase & Co. raised its stake in shares of Fidelity National Financial by 6.3% in the first quarter. JPMorgan Chase & Co. now owns 877,023 shares of the company’s stock valued at $29,731,000 after buying an additional 51,597 shares during the period. Finally, BlackRock Japan Co. Ltd raised its stake in shares of Fidelity National Financial by 6.7% in the first quarter. BlackRock Japan Co. Ltd now owns 347,706 shares of the company’s stock valued at $11,787,000 after buying an additional 21,754 shares during the period. Institutional investors own 85.54% of the company’s stock.
Several research firms have recently weighed in on FNF. Zacks Investment Research cut Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Monday, September 26th. Barclays PLC reaffirmed an “overweight” rating and issued a $48.00 target price on shares of Fidelity National Financial in a research report 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 report 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 report on Tuesday, July 5th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Fidelity National Financial presently has a consensus rating of “Buy” and a consensus target price 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.
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