Fidelity National Financial Inc (FNF) Director Buys $1,014,312.00 in Stock

Fidelity National Financial Inc (NYSE:FNF) Director John D. Rood purchased 31,200 shares of the stock in a transaction that occurred on Friday, October 26th. The stock was bought at an average cost of $32.51 per share, with a total value of $1,014,312.00. Following the acquisition, the director now owns 43,681 shares of the company’s stock, valued at $1,420,069.31. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

FNF traded up $0.64 during trading on Tuesday, reaching $32.90. 71,466 shares of the company’s stock were exchanged, compared to its average volume of 1,508,712. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.80 and a current ratio of 3.25. Fidelity National Financial Inc has a fifty-two week low of $31.14 and a fifty-two week high of $42.52. The firm has a market capitalization of $8.88 billion, a PE ratio of 14.30 and a beta of 0.76.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, October 24th. The financial services provider reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). Fidelity National Financial had a return on equity of 16.32% and a net margin of 10.54%. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same period in the prior year, the firm posted $0.71 EPS. Fidelity National Financial’s revenue was up 5.7% on a year-over-year basis. Equities analysts forecast that Fidelity National Financial Inc will post 2.79 EPS for the current year.

Fidelity National Financial announced that its board has approved a share repurchase program on Tuesday, July 17th that allows the company to buyback 25,000,000 shares. This buyback authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date is Thursday, December 13th. Fidelity National Financial’s dividend payout ratio is presently 52.86%.

A number of brokerages recently weighed in on FNF. Barclays set a $43.00 price target on shares of Fidelity National Financial and gave the company a “buy” rating in a report on Friday. Zacks Investment Research raised shares of Fidelity National Financial from a “sell” rating to a “hold” rating in a report on Friday, July 6th. ValuEngine raised shares of Fidelity National Financial from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd. Finally, Keefe, Bruyette & Woods raised shares of Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $39.00 target price for the company in a report on Monday, July 16th. Two research analysts have rated the stock with a sell rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $43.40.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. NumerixS Investment Technologies Inc acquired a new stake in Fidelity National Financial during the 2nd quarter worth $168,000. Cerebellum GP LLC boosted its position in shares of Fidelity National Financial by 100.1% during the third quarter. Cerebellum GP LLC now owns 4,514 shares of the financial services provider’s stock worth $178,000 after purchasing an additional 2,258 shares in the last quarter. Park National Corp OH bought a new position in shares of Fidelity National Financial during the third quarter worth $206,000. Zacks Investment Management bought a new position in shares of Fidelity National Financial during the second quarter worth $200,000. Finally, Capital One National Association bought a new position in shares of Fidelity National Financial during the second quarter worth $202,000. 82.94% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc, together with its subsidiaries, provides title insurance, technology, and transaction services to the real estate and mortgage industries in the United States. The company operates in Title, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including collection and trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.

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Insider Buying and Selling by Quarter for Fidelity National Financial (NYSE:FNF)

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