Insider Selling: Fidelity National Financial Inc. (FNF) Director Sells 23,662 Shares of Stock
Fidelity National Financial Inc. (NYSE:FNF) Director Frank P. Willey sold 23,662 shares of the business’s stock in a transaction on Monday, November 28th. The shares were sold at an average price of $33.23, for a total transaction of $786,288.26. Following the completion of the transaction, the director now owns 1,200,769 shares of the company’s stock, valued at $39,901,553.87. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Fidelity National Financial Inc. (NYSE:FNF) traded down 0.289% during midday trading on Tuesday, hitting $32.795. 641,182 shares of the stock were exchanged. The firm has a 50-day moving average price of $34.86 and a 200 day moving average price of $36.00. The firm has a market cap of $8.92 billion, a PE ratio of 16.235 and a beta of 0.92. Fidelity National Financial Inc. has a 12-month low of $28.24 and a 12-month high of $38.50.
Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, November 2nd. The company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by $0.05. The business had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.20 billion. Fidelity National Financial had a return on equity of 13.04% and a net margin of 6.73%. The business’s revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the business posted $0.60 earnings per share. Analysts predict that Fidelity National Financial Inc. will post $2.38 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Friday, December 16th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 3.04%. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, December 14th. Fidelity National Financial’s dividend payout ratio (DPR) is 41.58%.
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A number of institutional investors have recently bought and sold shares of FNF. D.A. Davidson & CO. raised its position in Fidelity National Financial by 3.7% in the third quarter. D.A. Davidson & CO. now owns 86,250 shares of the company’s stock worth $3,183,000 after buying an additional 3,089 shares during the period. Price T Rowe Associates Inc. MD raised its position in Fidelity National Financial by 0.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 24,371,386 shares of the company’s stock worth $899,548,000 after buying an additional 143,780 shares during the period. Hahn Capital Management LLC purchased a new position in Fidelity National Financial during the third quarter worth $25,973,000. Credit Suisse AG raised its position in Fidelity National Financial by 9.2% in the third quarter. Credit Suisse AG now owns 627,115 shares of the company’s stock worth $23,146,000 after buying an additional 52,989 shares during the period. Finally, Salem Investment Counselors Inc. purchased a new position in Fidelity National Financial during the third quarter worth $125,000. Hedge funds and other institutional investors own 86.41% of the company’s stock.
A number of equities analysts have weighed in on the stock. Monness Crespi & Hardt reduced their price objective on shares of Fidelity National Financial from $41.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, November 4th. Zacks Investment Research cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Monday, September 26th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Fidelity National Financial presently has a consensus rating of “Buy” and an average price target of $42.17.
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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