Fidelity National Financial Inc (NYSE:FNF) EVP Michael L. Gravelle sold 138,845 shares of Fidelity National Financial stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $44.14, for a total value of $6,128,618.30. Following the sale, the executive vice president now directly owns 312,112 shares of the company’s stock, valued at approximately $13,776,623.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Fidelity National Financial stock traded down $0.77 during trading on Friday, reaching $43.27. The company’s stock had a trading volume of 59,195 shares, compared to its average volume of 963,718. Fidelity National Financial Inc has a 52-week low of $29.50 and a 52-week high of $45.40. The company has a market cap of $11.96 billion, a price-to-earnings ratio of 16.02 and a beta of 0.84. The firm’s 50-day moving average is $43.79 and its two-hundred day moving average is $39.96. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.17.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.08. Fidelity National Financial had a net margin of 9.84% and a return on equity of 16.10%. The company had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter in the prior year, the company earned $0.86 EPS. The firm’s revenue was up 2.5% on a year-over-year basis. On average, equities research analysts anticipate that Fidelity National Financial Inc 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. Stockholders of record on Monday, September 16th will be paid a $0.31 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.87%. Fidelity National Financial’s dividend payout ratio (DPR) is 45.93%.

Institutional investors have recently made changes to their positions in the company. Penserra Capital Management LLC purchased a new stake in Fidelity National Financial during the 1st quarter valued at $26,000. Rockefeller Capital Management L.P. lifted its position in shares of Fidelity National Financial by 1,534.8% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 752 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 706 shares during the period. Griffin Asset Management Inc. purchased a new stake in shares of Fidelity National Financial in the 2nd quarter worth about $36,000. Icon Wealth Partners LLC purchased a new stake in shares of Fidelity National Financial in the 1st quarter worth about $42,000. Finally, Cutler Group LP lifted its position in shares of Fidelity National Financial by 1,000.0% in the 2nd quarter. Cutler Group LP now owns 1,100 shares of the financial services provider’s stock worth $44,000 after purchasing an additional 1,000 shares during the period. 83.12% of the stock is owned by institutional investors.

FNF has been the topic of several recent research reports. Keefe, Bruyette & Woods increased their price objective on Fidelity National Financial from $44.00 to $48.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Compass Point upgraded shares of Fidelity National Financial from a “neutral” rating to a “buy” rating in a research report on Monday, July 8th. Susquehanna Bancshares initiated coverage on shares of Fidelity National Financial in a research note on Wednesday, June 19th. They set a “positive” rating and a $48.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a report on Monday. One research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the stock. Fidelity National Financial presently has an average rating of “Buy” and an average target price of $46.54.

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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