Fidelity National Financial, Inc. (FNF) Insider Brent B. Bickett Sells 80,000 Shares
Fidelity National Financial, Inc. (NYSE:FNF) insider Brent B. Bickett sold 80,000 shares of the business’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $48.21, for a total value of $3,856,800.00. Following the completion of the transaction, the insider now directly owns 584,367 shares of the company’s stock, valued at $28,172,333.07. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Fidelity National Financial, Inc. (NYSE:FNF) traded up 0.64% on Tuesday, reaching $48.43. The company had a trading volume of 472,990 shares. Fidelity National Financial, Inc. has a 12 month low of $31.64 and a 12 month high of $49.37. The firm’s 50 day moving average is $47.71 and its 200 day moving average is $43.17. The firm has a market capitalization of $13.21 billion, a PE ratio of 21.12 and a beta of 0.96.
Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.03. Fidelity National Financial had a return on equity of 10.41% and a net margin of 7.49%. The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same period last year, the firm earned $0.74 earnings per share. Fidelity National Financial’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities research analysts expect that Fidelity National Financial, Inc. will post $2.55 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Thursday, September 14th. Fidelity National Financial’s dividend payout ratio is presently 43.67%.
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Separately, Zacks Investment Research raised Fidelity National Financial from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Monday, June 19th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $46.60.
Several hedge funds have recently modified their holdings of FNF. Capstone Asset Management Co. purchased a new position in shares of Fidelity National Financial during the first quarter worth about $251,000. Profund Advisors LLC purchased a new position in shares of Fidelity National Financial during the first quarter worth about $212,000. Janney Montgomery Scott LLC purchased a new position in shares of Fidelity National Financial during the first quarter worth about $209,000. BNP Paribas Arbitrage SA grew its holdings in shares of Fidelity National Financial by 4.9% during the first quarter. BNP Paribas Arbitrage SA now owns 53,703 shares of the financial services provider’s stock worth $2,091,000 after purchasing an additional 2,496 shares during the last quarter. Finally, Karp Capital Management Corp purchased a new position in shares of Fidelity National Financial during the first quarter worth about $1,966,000. 82.09% of the stock is currently 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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