Investors Purchase Large Volume of Fidelity National Financial Call Options (NYSE:FNF)

Fidelity National Financial Inc (NYSE:FNF) saw unusually large options trading activity on Thursday. Stock investors acquired 1,929 call options on the company. This is an increase of 2,656% compared to the average volume of 70 call options.

In related news, EVP Peter T. Sadowski sold 64,883 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $43.86, for a total value of $2,845,768.38. Following the transaction, the executive vice president now directly owns 127,795 shares of the company’s stock, valued at approximately $5,605,088.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Michael L. Gravelle sold 138,845 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $44.14, for a total transaction of $6,128,618.30. Following the completion of the transaction, the executive vice president now directly owns 312,112 shares in the company, valued at $13,776,623.68. The disclosure for this sale can be found here. Insiders sold a total of 317,975 shares of company stock worth $14,019,210 over the last three months. 6.20% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FNF. Penserra Capital Management LLC purchased a new stake in Fidelity National Financial during the first quarter valued at about $26,000. Rockefeller Capital Management L.P. lifted its holdings in Fidelity National Financial by 1,534.8% during the second quarter. Rockefeller Capital Management L.P. now owns 752 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 706 shares during the last quarter. Griffin Asset Management Inc. purchased a new stake in Fidelity National Financial during the second quarter valued at about $36,000. Icon Wealth Partners LLC purchased a new stake in Fidelity National Financial during the first quarter valued at about $42,000. Finally, Cutler Group LP lifted its holdings in Fidelity National Financial by 1,000.0% during the second quarter. Cutler Group LP now owns 1,100 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 1,000 shares during the last quarter. 83.12% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts recently weighed in on FNF shares. Compass Point raised shares of Fidelity National Financial from a “neutral” rating to a “buy” rating in a report on Monday, July 8th. Susquehanna Bancshares started coverage on shares of Fidelity National Financial in a report on Wednesday, June 19th. They issued a “positive” rating and a $48.00 price target on the stock. Zacks Investment Research raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Monday. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Fidelity National Financial from $44.00 to $48.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $46.54.

NYSE FNF traded down $0.74 during trading on Friday, hitting $43.30. 1,132,529 shares of the company’s stock traded hands, compared to its average volume of 1,173,395. The stock has a market capitalization of $11.96 billion, a price-to-earnings ratio of 16.04 and a beta of 0.84. Fidelity National Financial has a 12-month low of $29.50 and a 12-month high of $45.40. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.95 and a current ratio of 0.95. The business has a 50 day moving average of $43.79 and a 200-day moving average of $39.96.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $0.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.08. The business had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.08 billion. Fidelity National Financial had a net margin of 9.84% and a return on equity of 16.10%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.86 earnings per share. On average, analysts expect that Fidelity National Financial will post 2.94 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend is Friday, September 13th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 45.93%.

Fidelity National Financial Company Profile

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

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