Fidelity National Financial (NYSE:FNF) EVP Sells 69,196 Shares of Stock

Fidelity National Financial, Inc. (NYSE:FNF) EVP Peter Sadowski sold 69,196 shares of the business’s stock in a transaction on Friday, June 26th. The stock was sold at an average price of $45.70, for a total value of $3,162,257.20. Following the completion of the transaction, the executive vice president directly owned 5,702 shares in the company, valued at approximately $260,581.40. This represents a 92.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Fidelity National Financial Price Performance

Shares of NYSE:FNF traded up $0.88 during midday trading on Monday, reaching $47.59. The company’s stock had a trading volume of 1,898,773 shares, compared to its average volume of 1,805,452. Fidelity National Financial, Inc. has a fifty-two week low of $42.78 and a fifty-two week high of $61.40. The company has a market capitalization of $12.81 billion, a P/E ratio of 17.39, a P/E/G ratio of 0.68 and a beta of 0.96. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.25 and a quick ratio of 0.25. The business’s fifty day simple moving average is $48.62 and its 200-day simple moving average is $50.93.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.16). Fidelity National Financial had a net margin of 5.10% and a return on equity of 15.49%. The business had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the prior year, the firm earned $0.78 earnings per share. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. As a group, equities research analysts expect that Fidelity National Financial, Inc. will post 5.29 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Tuesday, June 16th. Fidelity National Financial’s dividend payout ratio is presently 75.91%.

Institutional Investors Weigh In On Fidelity National Financial

Several institutional investors have recently modified their holdings of the business. Canton Hathaway LLC acquired a new stake in Fidelity National Financial during the 4th quarter worth $26,000. Commonwealth Retirement Investments LLC acquired a new position in shares of Fidelity National Financial in the 4th quarter valued at $28,000. Headlands Technologies LLC acquired a new position in shares of Fidelity National Financial in the 2nd quarter valued at $32,000. Cary Street Partners Investment Advisory LLC boosted its position in shares of Fidelity National Financial by 57.2% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 970 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 353 shares during the last quarter. Finally, Torren Management LLC bought a new position in shares of Fidelity National Financial in the 4th quarter worth $57,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on FNF shares. Stephens lowered their price target on shares of Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating for the company in a report on Tuesday, May 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity National Financial in a report on Thursday, June 11th. National Bank Financial set a $50.00 price objective on Fidelity National Financial in a research report on Monday, May 11th. Barclays lowered their target price on Fidelity National Financial from $54.00 to $50.00 and set an “equal weight” rating for the company in a research note on Monday, May 11th. Finally, Keefe, Bruyette & Woods dropped their target price on Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating for the company in a research report on Thursday. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Fidelity National Financial currently has an average rating of “Hold” and a consensus price target of $55.50.

About Fidelity National Financial

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.