Fidelity National Financial (NYSE:FNF) EVP Sells $22,547.91 in Stock

Key Points

• EVP Peter Sadowski sold 473 shares of FNF on April 8 at an average price of $47.67 for a total of $22,547.91, disclosed in an SEC Form 4 filing.
• FNF pays a quarterly dividend of $0.52 (annualized $2.08) for a 4.0% dividend yield but carries a high dividend payout ratio of 97.65%; the company reported quarterly EPS of $1.41 (missing estimates by $0.10) while revenue grew 11.9% to $4.05 billion.
• Shares traded at $52.63 with a market cap of $14.16 billion and mixed moving averages (50-day $48.77, 200-day $53.53); analysts’ consensus is a Moderate Buy with an average target of $62.67 amid several recent target cuts.

Fidelity National Financial, Inc. (NYSE:FNF - Get Free Report) EVP Peter Sadowski sold 473 shares of Fidelity National Financial stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $47.67, for a total value of $22,547.91. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Fidelity National Financial Stock Performance

Shares of NYSE FNF traded up $0.76 during trading on Tuesday, reaching $52.63. 1,549,498 shares of the company traded hands, compared to its average volume of 1,886,647. The firm's fifty day simple moving average is $48.77 and its 200 day simple moving average is $53.53. The stock has a market cap of $14.16 billion, a P/E ratio of 24.76, a PEG ratio of 0.67 and a beta of 1.01. Fidelity National Financial, Inc. has a 12-month low of $42.78 and a 12-month high of $65.33. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.49.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $4.05 billion for the quarter, compared to analysts' expectations of $3.66 billion. Fidelity National Financial had a net margin of 4.17% and a return on equity of 15.06%. The business's quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.34 EPS. As a group, research analysts anticipate that Fidelity National Financial, Inc. will post 6 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders 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 dividend payout ratio (DPR) is presently 97.65%.

Institutional Investors Weigh In On Fidelity National Financial

Large investors have recently bought and sold shares of the company. Quent Capital LLC purchased a new stake in Fidelity National Financial during the 3rd quarter worth approximately $26,000. Canton Hathaway LLC purchased a new stake in Fidelity National Financial during the 4th quarter worth approximately $26,000. Commonwealth Retirement Investments LLC purchased a new stake in Fidelity National Financial during the 4th quarter worth approximately $28,000. Mather Group LLC. purchased a new stake in Fidelity National Financial during the 3rd quarter worth approximately $29,000. Finally, Atlantic Union Bankshares Corp increased its stake in Fidelity National Financial by 997.7% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 472 shares of the financial services provider's stock worth $29,000 after buying an additional 429 shares in the last quarter. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on FNF shares. Weiss Ratings lowered Fidelity National Financial from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, March 2nd. Barclays cut their price target on Fidelity National Financial from $63.00 to $54.00 and set an "equal weight" rating for the company in a research note on Monday, April 6th. Keefe, Bruyette & Woods cut their price target on Fidelity National Financial from $71.00 to $67.00 and set an "outperform" rating for the company in a research note on Friday, April 10th. National Bank Financial set a $67.00 price target on Fidelity National Financial in a research note on Friday, April 10th. Finally, Wall Street Zen lowered shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Monday, January 26th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Fidelity National Financial currently has a consensus rating of "Moderate Buy" and an average target price of $62.67.

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.

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