Fidelity National Financial (NYSE:FNF) EVP Peter Sadowski Sells 69,196 Shares

Fidelity National Financial, Inc. (NYSE:FNF) EVP Peter Sadowski sold 69,196 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $45.70, for a total value of $3,162,257.20. Following the transaction, the executive vice president owned 5,702 shares in the company, valued at approximately $260,581.40. This trade represents a 92.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Fidelity National Financial Trading Up 1.9%

Shares of Fidelity National Financial stock traded up $0.88 during trading on Monday, hitting $47.59. 1,898,773 shares of the company were exchanged, compared to its average volume of 1,805,452. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.25 and a quick ratio of 0.25. The firm has a market capitalization of $12.81 billion, a P/E ratio of 17.39, a price-to-earnings-growth ratio of 0.68 and a beta of 0.96. The firm’s fifty day moving average price is $48.62 and its 200 day moving average price is $50.93. Fidelity National Financial, Inc. has a 1-year low of $42.78 and a 1-year high of $61.40.

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

Fidelity National Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Tuesday, June 16th. Fidelity National Financial’s dividend payout ratio is presently 75.91%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. National Bank Financial set a $50.00 price target on shares of Fidelity National Financial in a research report on Monday, May 11th. Keefe, Bruyette & Woods dropped their price objective on Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating on the stock in a research note on Thursday. Zacks Research downgraded Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. Stephens reduced their target price on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a report on Tuesday, May 12th. Finally, 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 note on Monday, May 11th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $55.50.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Windacre Partnership LLC increased its position in shares of Fidelity National Financial by 31.0% during the third quarter. Windacre Partnership LLC now owns 18,905,100 shares of the financial services provider’s stock worth $1,143,569,000 after acquiring an additional 4,477,900 shares in the last quarter. State Street Corp lifted its position in Fidelity National Financial by 0.3% in the 3rd quarter. State Street Corp now owns 9,469,029 shares of the financial services provider’s stock valued at $572,782,000 after acquiring an additional 31,318 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Fidelity National Financial by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 9,353,982 shares of the financial services provider’s stock worth $510,634,000 after purchasing an additional 193,629 shares during the period. AQR Capital Management LLC boosted its stake in Fidelity National Financial by 34.5% in the 4th quarter. AQR Capital Management LLC now owns 6,800,697 shares of the financial services provider’s stock worth $371,250,000 after purchasing an additional 1,743,342 shares during the period. Finally, First Eagle Investment Management LLC boosted its stake in Fidelity National Financial by 0.9% in the 4th quarter. First Eagle Investment Management LLC now owns 6,102,523 shares of the financial services provider’s stock worth $333,137,000 after purchasing an additional 54,756 shares during the period. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Company Profile

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.