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 stock was sold at an average price of $36.85, for a total value of $141,430.30. Following the sale, the director now owns 44,532 shares in the company, valued at $1,641,004.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Fidelity National Financial Inc. (NYSE:FNF) opened at 36.91 on Friday. The stock has a 50 day moving average price of $37.29 and a 200 day moving average price of $35.34. The company has a market capitalization of $10.06 billion, a price-to-earnings ratio of 18.82 and a beta of 0.82. Fidelity National Financial Inc. has a 52-week low of $28.24 and a 52-week high of $38.50.
Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, July 20th. The company reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.08. The company earned $2.10 billion during the quarter, compared to the consensus estimate of $2.08 billion. Fidelity National Financial had a net margin of 6.69% and a return on equity of 9.47%. Fidelity National Financial’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the firm earned $0.65 EPS. Analysts anticipate that Fidelity National Financial Inc. will post $2.45 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 16th were issued a $0.21 dividend. This represents a $0.84 annualized dividend and a 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%.
A number of brokerages have commented on FNF. Zacks Investment Research lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Monday, September 26th. Barclays PLC reiterated an “overweight” rating and issued a $48.00 price objective on shares of Fidelity National Financial in a research report on Monday, July 25th. Keefe, Bruyette & Woods lowered Fidelity National Financial from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $38.00 to $39.00 in a research report on Monday, July 18th. Finally, Piper Jaffray Cos. increased their price objective on Fidelity National Financial from $38.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday, July 5th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $42.33.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cannell Peter B & Co Inc increased its position 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 valued at $63,338,000 after buying an additional 1,260,873 shares during the period. M&T Bank Corp increased its position in 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 acquired a new position in Fidelity National Financial during the first quarter valued at approximately $346,000. JPMorgan Chase & Co. increased its position in 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 increased its position in 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. 85.54% of the stock is owned by institutional investors.
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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