Fidelity National Financial Inc. (NYSE:FNF) EVP Peter T. Sadowski sold 34,191 shares of the company’s stock in a transaction on Wednesday, September 28th. The shares were sold at an average price of $37.41, for a total value of $1,279,085.31. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Peter T. Sadowski also recently made the following trade(s):
- On Thursday, September 22nd, Peter T. Sadowski sold 15,809 shares of Fidelity National Financial stock. The shares were sold at an average price of $37.55, for a total value of $593,627.95.
Fidelity National Financial Inc. (NYSE:FNF) opened at 36.83 on Wednesday. The firm has a 50-day moving average price of $37.29 and a 200 day moving average price of $35.45. 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 $10.04 billion, a price-to-earnings ratio of 18.78 and a beta of 0.76.
Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, July 20th. The company reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.08. The company earned $2.10 billion during the quarter, compared to analysts’ expectations of $2.08 billion. Fidelity National Financial had a return on equity of 9.47% and a net margin of 6.69%. The business’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. On average, equities analysts forecast that Fidelity National Financial Inc. will post $2.45 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 16th were paid a $0.21 dividend. The ex-dividend date was Wednesday, September 14th. This represents a $0.84 annualized dividend and a dividend yield of 2.28%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 42.64%.
FNF has been the subject of several analyst reports. Zacks Investment Research raised Fidelity National Financial from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a report on Monday, July 25th. Keefe, Bruyette & Woods downgraded Fidelity National Financial from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $38.00 to $39.00 in a research note on Monday, July 18th. Barclays PLC reissued an “overweight” rating and issued a $48.00 price objective on shares of Fidelity National Financial in a research note on Monday, July 25th. Finally, Piper Jaffray Cos. increased their price objective on Fidelity National Financial from $38.00 to $43.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 5th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $42.33.
Several large investors have recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in Fidelity National Financial by 2.7% in the first quarter. State Street Corp now owns 4,796,201 shares of the company’s stock valued at $162,591,000 after buying an additional 123,864 shares during the period. Legal & General Group Plc boosted its stake in Fidelity National Financial by 1.6% in the first quarter. Legal & General Group Plc now owns 1,128,730 shares of the company’s stock valued at $38,262,000 after buying an additional 17,564 shares during the period. Shell Asset Management Co. boosted its stake in Fidelity National Financial by 683.9% in the second quarter. Shell Asset Management Co. now owns 100,029 shares of the company’s stock valued at $3,751,000 after buying an additional 87,269 shares during the period. Creative Planning boosted its stake in Fidelity National Financial by 0.3% in the second quarter. Creative Planning now owns 14,035 shares of the company’s stock valued at $526,000 after buying an additional 47 shares during the period. Finally, Orbis Allan Gray Ltd purchased a new stake in Fidelity National Financial during the first quarter valued at approximately $108,341,000. 85.54% of the stock is owned by institutional investors.
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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