Fidelity National Financial (NYSE:FNF) insider Brent B. Bickett sold 63,155 shares of the company’s stock in a transaction on Tuesday, April 17th. The stock was sold at an average price of $39.10, for a total value of $2,469,360.50. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Shares of FNF stock opened at $38.05 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.17. Fidelity National Financial has a 1 year low of $28.42 and a 1 year high of $42.52. The firm has a market cap of $10,582.36, a price-to-earnings ratio of 16.76 and a beta of 0.83.
Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.60. Fidelity National Financial had a return on equity of 11.71% and a net margin of 8.13%. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.91 billion. During the same quarter in the previous year, the firm posted $0.71 EPS. The firm’s quarterly revenue was down 8.9% on a year-over-year basis. equities analysts expect that Fidelity National Financial will post 2.79 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Friday, March 16th were given a dividend of $0.27 per share. The ex-dividend date was Thursday, March 15th. This represents a $1.08 dividend on an annualized basis and a yield of 2.84%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 52.86%.
A number of research analysts recently commented on FNF shares. Zacks Investment Research upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and set a $46.00 price objective for the company in a research note on Tuesday, January 16th. Keefe, Bruyette & Woods restated a “hold” rating and set a $42.00 price objective on shares of Fidelity National Financial in a research note on Friday, December 22nd. ValuEngine upgraded Fidelity National Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, March 28th. Finally, Barclays set a $46.00 price objective on Fidelity National Financial and gave the stock a “buy” rating in a research note on Friday, January 12th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $44.00.
A number of hedge funds have recently made changes to their positions in the business. Penbrook Management LLC acquired a new position in Fidelity National Financial during the 4th quarter worth $2,184,000. Xact Kapitalforvaltning AB lifted its holdings in shares of Fidelity National Financial by 7.2% in the fourth quarter. Xact Kapitalforvaltning AB now owns 48,785 shares of the financial services provider’s stock valued at $1,914,000 after buying an additional 3,265 shares during the period. Gotham Asset Management LLC acquired a new stake in shares of Fidelity National Financial in the fourth quarter valued at $428,000. Glenmede Trust Co. NA lifted its holdings in shares of Fidelity National Financial by 10,342.1% in the fourth quarter. Glenmede Trust Co. NA now owns 55,761 shares of the financial services provider’s stock valued at $2,187,000 after buying an additional 55,227 shares during the period. Finally, Vident Investment Advisory LLC acquired a new stake in shares of Fidelity National Financial in the fourth quarter valued at $230,000. Institutional investors own 83.04% of the company’s stock.
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About Fidelity National Financial
Fidelity National Financial, Inc, together with its subsidiaries, provides title insurance, technology, and transaction services to the real estate and mortgage industries 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 collection and trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.
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