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

Fidelity National Financial, Inc. (NYSE:FNF) EVP Peter Sadowski sold 69,196 shares of the company’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 completion of the transaction, the executive vice president directly owned 5,702 shares in the company, valued at approximately $260,581.40. The trade was 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 accessible through this hyperlink.

Fidelity National Financial Stock Down 0.9%

FNF opened at $47.16 on Wednesday. The company has a market capitalization of $12.69 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 0.69 and a beta of 0.96. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.25 and a quick ratio of 0.25. Fidelity National Financial, Inc. has a fifty-two week low of $42.78 and a fifty-two week high of $61.40. The business has a 50-day moving average of $48.56 and a 200-day moving average of $50.79.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.93 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.16). The firm had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.61 billion. Fidelity National Financial had a net margin of 5.10% and a return on equity of 15.49%. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.78 EPS. Equities research analysts forecast that Fidelity National Financial, Inc. will post 5.29 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were paid a dividend of $0.52 per share. The ex-dividend date was 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 75.91%.

Institutional Investors Weigh In On Fidelity National Financial

Several hedge funds and other institutional investors have recently made changes to their positions in FNF. Windacre Partnership LLC lifted its position in shares of Fidelity National Financial by 31.0% during the 3rd quarter. Windacre Partnership LLC now owns 18,905,100 shares of the financial services provider’s stock worth $1,143,569,000 after purchasing an additional 4,477,900 shares during the last quarter. Norges Bank acquired a new stake in Fidelity National Financial in the 4th quarter valued at approximately $181,017,000. Alliancebernstein L.P. increased its position in Fidelity National Financial by 167.8% in the 3rd quarter. Alliancebernstein L.P. now owns 4,741,145 shares of the financial services provider’s stock worth $286,792,000 after buying an additional 2,970,460 shares during the period. AQR Capital Management LLC increased its position in Fidelity National Financial by 75.4% in the 3rd quarter. AQR Capital Management LLC now owns 5,057,355 shares of the financial services provider’s stock worth $304,503,000 after buying an additional 2,174,220 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Fidelity National Financial by 30.1% during the first quarter. Dimensional Fund Advisors LP now owns 4,210,824 shares of the financial services provider’s stock worth $195,287,000 after buying an additional 973,891 shares during the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Fidelity National Financial in a research note on Thursday, June 11th. Stephens lowered their target price on shares of Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th. Zacks Research lowered Fidelity National Financial from a “hold” rating to a “strong sell” rating in a report on Friday, May 8th. Keefe, Bruyette & Woods reduced their price target on Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating for the company in a research report on Thursday, June 25th. Finally, Barclays decreased their price target 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 research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $55.50.

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.