Traders Sell Fidelity National Financial, Inc. (FNF) on Strength (FNF)

Traders sold shares of Fidelity National Financial, Inc. (NYSE:FNF) on strength during trading hours on Tuesday. $6.94 million flowed into the stock on the tick-up and $28.14 million flowed out of the stock on the tick-down, for a money net flow of $21.20 million out of the stock. Of all companies tracked, Fidelity National Financial had the 16th highest net out-flow for the day. Fidelity National Financial traded up $0.33 for the day and closed at $48.66

Several research firms have recently commented on FNF. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $38.00 price target on shares of Fidelity National Financial in a report on Wednesday, April 19th. Zacks Investment Research raised Fidelity National Financial from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Monday, June 19th. Monness Crespi & Hardt raised their price target on Fidelity National Financial from $42.00 to $45.00 and gave the company a “buy” rating in a report on Monday, May 15th. Finally, Barclays PLC raised their price target on Fidelity National Financial from $48.00 to $49.00 and gave the company an “overweight” rating in a report on Monday, July 3rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Fidelity National Financial presently has a consensus rating of “Buy” and an average price target of $46.60.

The company’s 50 day moving average is $45.73 and its 200-day moving average is $40.67. The firm has a market capitalization of $13.28 billion, a price-to-earnings ratio of 21.22 and a beta of 0.95.

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, topping analysts’ consensus estimates of $0.72 by $0.03. Fidelity National Financial had a return on equity of 10.41% and a net margin of 7.49%. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same period in the prior year, the company posted $0.74 EPS. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. Equities analysts anticipate that Fidelity National Financial, Inc. will post $2.55 earnings per share for the current fiscal year.

The firm 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 $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Thursday, September 14th. Fidelity National Financial’s dividend payout ratio (DPR) is 43.67%.

In other Fidelity National Financial news, CFO Anthony Park sold 138,941 shares of the company’s stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $41.28, for a total value of $5,735,484.48. Following the completion of the sale, the chief financial officer now directly owns 228,280 shares in the company, valued at $9,423,398.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Peter T. Sadowski sold 133,215 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $47.53, for a total value of $6,331,708.95. Following the completion of the sale, the executive vice president now owns 89,575 shares of the company’s stock, valued at $4,257,499.75. The disclosure for this sale can be found here. Insiders sold a total of 411,800 shares of company stock valued at $18,218,120 over the last three months. Corporate insiders own 5.00% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in FNF. Creative Planning increased its stake in Fidelity National Financial by 8.6% in the first quarter. Creative Planning now owns 25,757 shares of the financial services provider’s stock worth $1,003,000 after buying an additional 2,047 shares during the period. Bank of Montreal Can increased its stake in Fidelity National Financial by 6.0% in the first quarter. Bank of Montreal Can now owns 113,852 shares of the financial services provider’s stock worth $4,433,000 after buying an additional 6,492 shares during the period. Capstone Asset Management Co. purchased a new stake in Fidelity National Financial during the first quarter worth $251,000. TNB Financial purchased a new stake in Fidelity National Financial during the first quarter worth $216,000. Finally, CWM LLC purchased a new stake in Fidelity National Financial during the first quarter worth $5,109,000. Hedge funds and other institutional investors own 83.22% of the company’s stock.

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About Fidelity National Financial

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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