Frank P. Willey Sells 23,662 Shares of Fidelity National Financial Inc. (FNF) Stock
Fidelity National Financial Inc. (NYSE:FNF) Director Frank P. Willey sold 23,662 shares of the business’s stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $33.23, for a total value of $786,288.26. Following the transaction, the director now directly owns 1,200,769 shares of the company’s stock, valued at approximately $39,901,553.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Fidelity National Financial Inc. (NYSE:FNF) opened at 31.94 on Thursday. The firm’s 50-day moving average is $34.75 and its 200-day moving average is $35.99. The firm has a market cap of $8.69 billion, a P/E ratio of 15.81 and a beta of 0.92. Fidelity National Financial Inc. has a 52-week low of $28.24 and a 52-week high of $38.50.
Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.69 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.74 by $0.05. The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.20 billion. Fidelity National Financial had a net margin of 6.73% and a return on equity of 13.04%. The business’s revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.60 EPS. Analysts anticipate that Fidelity National Financial Inc. will post $2.38 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, December 16th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date of this dividend is Wednesday, December 14th. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.21. Fidelity National Financial’s dividend payout ratio (DPR) is 41.58%.
TRADEMARK VIOLATION NOTICE: This piece was first published by Daily Political and is the propert of of Daily Political. If you are reading this piece on another site, it was copied illegally and republished in violation of United States & international copyright legislation. The original version of this piece can be viewed at http://www.dailypolitical.com/2016/12/01/frank-p-willey-sells-23662-shares-of-fidelity-national-financial-inc-fnf-stock.html.
Several research analysts have recently issued reports on FNF shares. Zacks Investment Research raised Fidelity National Financial from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a research note on Wednesday, September 21st. Monness Crespi & Hardt lowered their price objective on Fidelity National Financial from $41.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, November 4th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $42.17.
Hedge funds have recently modified their holdings of the stock. Lincoln National Corp increased its stake in shares of Fidelity National Financial by 0.5% in the third quarter. Lincoln National Corp now owns 6,869 shares of the company’s stock worth $254,000 after buying an additional 34 shares during the period. Assetmark Inc. increased its stake in Fidelity National Financial by 1.5% in the third quarter. Assetmark Inc. now owns 2,748 shares of the company’s stock worth $101,000 after buying an additional 41 shares during the last quarter. Creative Planning increased its stake in Fidelity National Financial by 0.3% in the second quarter. Creative Planning now owns 14,035 shares of the company’s stock worth $526,000 after buying an additional 47 shares during the last quarter. Stifel Financial Corp increased its stake in Fidelity National Financial by 0.6% in the second quarter. Stifel Financial Corp now owns 15,826 shares of the company’s stock worth $594,000 after buying an additional 101 shares during the last quarter. Finally, CIBC Asset Management Inc increased its stake in Fidelity National Financial by 1.3% in the second quarter. CIBC Asset Management Inc now owns 14,437 shares of the company’s stock worth $541,000 after buying an additional 184 shares during the last quarter. Hedge funds and other institutional investors own 86.41% of the company’s stock.
About Fidelity National Financial
Fidelity National Financial, Inc (FNF) is a holding company. FNF, through its subsidiaries, provides title insurance, mortgage services and diversified services. FNF operates in four segments: Fidelity National Title Group, Remy, Restaurant Group and Corporate and Other. The Fidelity National Title Group segment consists of the operations of FNF’s title insurance underwriters and related businesses.
Receive News & Ratings for Fidelity National Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Financial Inc. and related companies with MarketBeat.com's FREE daily email newsletter.