Insider Selling: Fidelity National Financial Inc (NYSE:FNF) Director Sells 8,843 Shares of Stock

Fidelity National Financial Inc (NYSE:FNF) Director Thomas M. Hagerty sold 8,843 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $44.15, for a total transaction of $390,418.45. Following the completion of the transaction, the director now owns 223,660 shares of the company’s stock, valued at $9,874,589. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of Fidelity National Financial stock traded up $0.52 during trading hours on Thursday, reaching $44.19. 1,577,908 shares of the company’s stock were exchanged, compared to its average volume of 1,292,358. Fidelity National Financial Inc has a 1 year low of $29.50 and a 1 year high of $45.40. The company has a market capitalization of $12.19 billion, a P/E ratio of 16.37 and a beta of 0.84. The business has a fifty day moving average of $44.00 and a two-hundred day moving average of $40.88. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.17.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Tuesday, July 16th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.08. Fidelity National Financial had a net margin of 9.84% and a return on equity of 16.10%. The business had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.08 billion. During the same quarter in the prior year, the firm earned $0.86 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, research analysts predict that Fidelity National Financial Inc will post 2.94 EPS for the current year.



The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend was Friday, September 13th. Fidelity National Financial’s payout ratio is 45.93%.

Several equities analysts recently issued reports on FNF shares. Keefe, Bruyette & Woods boosted their target price on shares of Fidelity National Financial from $44.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Compass Point upgraded shares of Fidelity National Financial from a “neutral” rating to a “buy” rating in a research report on Monday, July 8th. Zacks Investment Research upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Monday, September 9th. Finally, Susquehanna Bancshares began coverage on shares of Fidelity National Financial in a research report on Wednesday, June 19th. They set a “positive” rating and a $48.00 price objective for the company. One analyst has rated the stock with a sell rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $46.54.

Several institutional investors have recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. grew its holdings in shares of Fidelity National Financial by 1,534.8% in the second quarter. Rockefeller Capital Management L.P. now owns 752 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 706 shares during the period. Griffin Asset Management Inc. purchased a new stake in shares of Fidelity National Financial in the second quarter valued at about $36,000. Cutler Group LP grew its holdings in shares of Fidelity National Financial by 1,000.0% in the second quarter. Cutler Group LP now owns 1,100 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 1,000 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in shares of Fidelity National Financial in the second quarter valued at about $50,000. Finally, SRS Capital Advisors Inc. purchased a new position in Fidelity National Financial during the second quarter worth about $62,000. 82.54% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products 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 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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