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 stock in a transaction that occurred on 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 completion of the sale, the executive vice president directly owned 5,702 shares of the company’s stock, valued at approximately $260,581.40. This trade represents a 92.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Fidelity National Financial Stock Up 1.9%

Shares of NYSE:FNF opened at $47.59 on Tuesday. The stock has a market cap of $12.81 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 0.68 and a beta of 0.96. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a 12-month low of $42.78 and a 12-month high of $61.40. The business’s 50 day moving average is $48.61 and its 200 day moving average is $50.86.

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 (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.16). Fidelity National Financial had a return on equity of 15.49% and a net margin of 5.10%.The company had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.61 billion. During the same quarter last year, the company posted $0.78 EPS. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. On average, sell-side analysts forecast 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. Stockholders of record on Tuesday, June 16th will be paid a $0.52 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $2.08 annualized dividend and a dividend yield of 4.4%. Fidelity National Financial’s dividend payout ratio is presently 75.91%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FNF. National Bank Financial set a $50.00 price target on shares of Fidelity National Financial in a report on Monday, May 11th. Zacks Research lowered shares of Fidelity National Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, May 8th. Barclays decreased their price objective on shares of 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. Weiss Ratings restated a “hold (c)” rating on shares of Fidelity National Financial in a research note on Thursday, June 11th. Finally, Stephens cut their target price on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a research note on Tuesday, May 12th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $55.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. purchased a new stake in Fidelity National Financial in the fourth quarter worth $3,585,000. Sound Income Strategies LLC lifted its position in shares of Fidelity National Financial by 342,784.1% during the 4th quarter. Sound Income Strategies LLC now owns 150,869 shares of the financial services provider’s stock valued at $7,976,000 after buying an additional 150,825 shares during the last quarter. Oak Thistle LLC purchased a new position in shares of Fidelity National Financial during the 4th quarter valued at $1,439,000. Ameriflex Group Inc. lifted its position in shares of Fidelity National Financial by 99.7% during the 3rd quarter. Ameriflex Group Inc. now owns 57,338 shares of the financial services provider’s stock valued at $3,468,000 after buying an additional 28,626 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Fidelity National Financial by 1.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,364,155 shares of the financial services provider’s stock worth $203,481,000 after acquiring an additional 56,170 shares during the period. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

About Fidelity National Financial

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.