Key Points
- EVP Peter Sadowski sold 473 shares of Fidelity National Financial on April 8 at an average price of $47.67, totaling $22,547.91, according to an SEC Form 4 filing.
- FNF's Feb. 19 quarter showed EPS of $1.41 (missed estimates by $0.10) while revenue of $4.05 billion beat expectations and rose 11.9% year-over-year.
- The company pays a $0.52 quarterly dividend (annualized $2.08) for a 4.0% yield
Fidelity National Financial, Inc. (NYSE:FNF - Get Free Report) EVP Peter Sadowski sold 473 shares of Fidelity National Financial stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $47.67, for a total transaction of $22,547.91. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Fidelity National Financial Stock Up 1.5%
FNF opened at $52.63 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.24 and a current ratio of 0.24. Fidelity National Financial, Inc. has a fifty-two week low of $42.78 and a fifty-two week high of $65.33. The firm's fifty day moving average is $48.77 and its 200 day moving average is $53.53. The stock has a market cap of $14.16 billion, a price-to-earnings ratio of 24.76, a price-to-earnings-growth ratio of 0.66 and a beta of 1.01.
Fidelity National Financial (NYSE:FNF - Get Free Report) last released its earnings results on Thursday, February 19th. The financial services provider reported $1.41 earnings per share for the quarter, missing analysts' consensus estimates of $1.51 by ($0.10). Fidelity National Financial had a net margin of 4.17% and a return on equity of 15.06%. The firm had revenue of $4.05 billion for the quarter, compared to analysts' expectations of $3.66 billion. During the same quarter last year, the firm posted $1.34 EPS. The firm's quarterly revenue was up 11.9% compared to the same quarter last year. On average, sell-side analysts forecast that Fidelity National Financial, Inc. will post 6 earnings per share for the current fiscal year.
Fidelity National Financial Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were paid a dividend of $0.52 per share. The ex-dividend date was Tuesday, March 17th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.0%. Fidelity National Financial's payout ratio is 97.65%.
Analyst Ratings Changes
A number of research analysts recently weighed in on FNF shares. Keefe, Bruyette & Woods lowered their target price on shares of Fidelity National Financial from $71.00 to $67.00 and set an "outperform" rating on the stock in a research note on Friday, April 10th. Barclays lowered their target price on shares of Fidelity National Financial from $63.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Monday, April 6th. National Bank Financial set a $67.00 target price on shares of Fidelity National Financial in a research note on Friday, April 10th. Weiss Ratings downgraded shares of Fidelity National Financial from a "buy (b-)" rating to a "hold (c+)" rating in a report on Monday, March 2nd. Finally, Wall Street Zen downgraded shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Monday, January 26th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $62.67.
Read Our Latest Report on Fidelity National Financial
Institutional Trading of Fidelity National Financial
Institutional investors and hedge funds have recently bought and sold shares of the stock. Quent Capital LLC bought a new stake in Fidelity National Financial in the 3rd quarter valued at $26,000. Canton Hathaway LLC bought a new stake in Fidelity National Financial in the 4th quarter valued at $26,000. Commonwealth Retirement Investments LLC bought a new stake in Fidelity National Financial in the 4th quarter valued at $28,000. Mather Group LLC. bought a new stake in Fidelity National Financial in the 3rd quarter valued at $29,000. Finally, Atlantic Union Bankshares Corp increased its holdings in Fidelity National Financial by 997.7% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 472 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 429 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors.
Fidelity National Financial Company Profile
(
Get Free Report)
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.
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