Fidelity National Financial (NYSE:FNF) EVP Sells $3,162,257.20 in Stock

Fidelity National Financial, Inc. (NYSE:FNF) EVP Peter Sadowski sold 69,196 shares of Fidelity National Financial stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $45.70, for a total transaction of $3,162,257.20. Following the transaction, the executive vice president directly owned 5,702 shares of the company’s stock, valued at approximately $260,581.40. This represents a 92.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Fidelity National Financial Stock Performance

Shares of NYSE:FNF opened at $47.93 on Thursday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a 12 month low of $42.78 and a 12 month high of $61.40. The company has a market capitalization of $12.90 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 0.68 and a beta of 0.96. The firm’s 50-day moving average is $48.51 and its 200 day moving average is $50.73.

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

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Tuesday, June 16th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 75.91%.

Hedge Funds Weigh In On Fidelity National Financial

Several institutional investors have recently made changes to their positions in the company. Assenagon Asset Management S.A. bought a new position in shares of Fidelity National Financial during the fourth quarter valued at approximately $3,585,000. Sound Income Strategies LLC lifted its holdings in Fidelity National Financial by 342,784.1% during the fourth quarter. Sound Income Strategies LLC now owns 150,869 shares of the financial services provider’s stock worth $7,976,000 after buying an additional 150,825 shares during the period. Oak Thistle LLC purchased a new stake in Fidelity National Financial during the fourth quarter worth $1,439,000. Ameriflex Group Inc. boosted its position in Fidelity National Financial by 99.7% during the 3rd quarter. Ameriflex Group Inc. now owns 57,338 shares of the financial services provider’s stock valued at $3,468,000 after acquiring an additional 28,626 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Fidelity National Financial by 1.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,364,155 shares of the financial services provider’s stock valued at $203,481,000 after acquiring an additional 56,170 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on FNF shares. Stephens cut their price objective on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th. Barclays decreased 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 report on Monday, May 11th. National Bank Financial set a $50.00 target price on shares of Fidelity National Financial in a research note on Monday, May 11th. Weiss Ratings restated a “hold (c)” rating on shares of Fidelity National Financial in a report on Thursday, June 11th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating on the stock in a research note on Thursday, June 25th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Fidelity National Financial presently has an average rating of “Hold” and a consensus target price 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.