Traders Sell Fidelity National Financial, Inc. (NYSE:FNF) on Strength (NYSE:FNF)

Investors sold shares of Fidelity National Financial, Inc. (NYSE:FNF) on strength during trading hours on Tuesday. $6.94 million flowed into the stock on the tick-up and $28.14 million flowed out of the stock on the tick-down, for a money net flow of $21.20 million out of the stock. Of all equities tracked, Fidelity National Financial had the 0th highest net out-flow for the day. Fidelity National Financial traded up $0.33 for the day and closed at $48.66

A number of equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research note on Thursday. Piper Jaffray Companies reissued a “buy” rating and issued a $48.00 price target on shares of Fidelity National Financial in a research note on Friday, July 14th. Finally, Barclays PLC increased their price target on shares of Fidelity National Financial from $48.00 to $49.00 and gave the stock an “overweight” rating in a research note on Monday, July 3rd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Fidelity National Financial currently has a consensus rating of “Buy” and an average target price of $46.80.

The firm has a market cap of $12.92 billion, a price-to-earnings ratio of 20.65 and a beta of 0.95. The firm has a 50 day moving average price of $46.75 and a 200 day moving average price of $41.63.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.75 EPS for the quarter, beating the consensus estimate of $0.72 by $0.03. Fidelity National Financial had a net margin of 7.49% and a return on equity of 10.41%. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the previous year, the business posted $0.74 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, equities analysts expect that Fidelity National Financial, Inc. will post $2.55 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Thursday, September 14th. Fidelity National Financial’s payout ratio is currently 43.67%.

In other news, EVP Peter T. Sadowski sold 133,215 shares of Fidelity National Financial stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $47.53, for a total value of $6,331,708.95. Following the transaction, the executive vice president now owns 89,575 shares of the company’s stock, valued at approximately $4,257,499.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Michael Joseph Nolan sold 80,748 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $43.52, for a total transaction of $3,514,152.96. Following the sale, the president now directly owns 176,062 shares in the company, valued at approximately $7,662,218.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 272,859 shares of company stock worth $12,482,636. Insiders own 5.00% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Fiduciary Trust Co. purchased a new position in Fidelity National Financial during the second quarter valued at about $137,000. Northwestern Mutual Wealth Management Co. boosted its position in Fidelity National Financial by 3,739.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,417 shares of the financial services provider’s stock worth $153,000 after buying an additional 3,328 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in Fidelity National Financial by 3.9% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,467 shares of the financial services provider’s stock worth $155,000 after buying an additional 131 shares in the last quarter. FTB Advisors Inc. boosted its position in Fidelity National Financial by 234.3% in the first quarter. FTB Advisors Inc. now owns 3,891 shares of the financial services provider’s stock worth $159,000 after buying an additional 2,727 shares in the last quarter. Finally, King Luther Capital Management Corp bought a new position in Fidelity National Financial during the first quarter worth $204,000. 86.92% of the stock is currently owned by institutional investors and hedge funds.

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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.

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