Fidelity National Financial, Inc. (NYSE:FNF) CFO Anthony Park Sells 85,000 Shares

Fidelity National Financial, Inc. (NYSE:FNFGet Free Report) CFO Anthony Park sold 85,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $50.82, for a total transaction of $4,319,700.00. Following the completion of the sale, the chief financial officer now directly owns 99,049 shares of the company’s stock, valued at $5,033,670.18. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Fidelity National Financial Stock Down 1.8 %

Shares of NYSE:FNF opened at $50.14 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.21 and a current ratio of 0.21. The company has a market cap of $13.70 billion, a PE ratio of 16.49 and a beta of 1.35. Fidelity National Financial, Inc. has a 52 week low of $33.61 and a 52 week high of $53.96. The firm has a 50 day simple moving average of $50.86 and a 200 day simple moving average of $49.90.

Fidelity National Financial (NYSE:FNFGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.08). The firm had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $2.72 billion. Fidelity National Financial had a net margin of 6.55% and a return on equity of 14.24%. The firm’s revenue was up 33.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.52 EPS. As a group, research analysts expect that Fidelity National Financial, Inc. will post 4.73 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.92 annualized dividend and a yield of 3.83%. Fidelity National Financial’s dividend payout ratio is presently 63.16%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. KBC Group NV increased its stake in Fidelity National Financial by 845.5% in the 4th quarter. KBC Group NV now owns 631,801 shares of the financial services provider’s stock valued at $32,234,000 after buying an additional 564,980 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Fidelity National Financial during the 4th quarter worth $1,669,000. Teachers Retirement System of The State of Kentucky acquired a new position in shares of Fidelity National Financial during the 3rd quarter worth $2,778,000. Lecap Asset Management Ltd. acquired a new position in shares of Fidelity National Financial during the 4th quarter worth $1,335,000. Finally, Principal Securities Inc. acquired a new position in shares of Fidelity National Financial during the 4th quarter worth $872,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FNF. Barclays upped their price target on shares of Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Truist Financial upped their price target on shares of Fidelity National Financial from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Keefe, Bruyette & Woods reduced their price target on shares of Fidelity National Financial from $56.00 to $55.00 and set a “market perform” rating for the company in a research note on Monday, May 13th. Finally, Stephens increased their target price on shares of Fidelity National Financial from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, May 10th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $55.80.

View Our Latest Stock Analysis on FNF

Fidelity National Financial Company Profile

(Get Free Report)

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products.

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