Fidelity National Financial, Inc.
FNF · Title Insurance · 269.2M shares · -1%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: -$54M (gross $6M, SBC $60M)
Reference price $418.25 · est. market cap ~$112.6B — last insider sale, 2026-06-24 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C67Market-leading title insurer in a cyclical real-estate trough, with strong cash conversion but only mid-pack returns this year.
Strengths
- #1 U.S. title franchise (~32% share) with a durable distribution moat and OCF margin at 90th pct
- Diversified via F&G annuities; large investment portfolio (cash & investments 91st pct)
Risks
- Net income down 53% and revenue down 20% as mortgage/real-estate volumes slumped
- ROE only 8.1% and ROA 0.55% — returns are unremarkable in the current cycle
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Net margin
4.2%
Return on equity
8.1%
Return on assets
0.6%
Revenue growth (QoQ)
-20.4%
Net-income growth
-52.6%
Debt / equity
0.6×
Tangible book value
$1.2B
Cash & investments
$2.6B
Stock comp / revenue
0.6%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-24 | Dhanidina Halim | Sell | 9.5K | $418.25 |
| 2026-05-08 | Nolan Michael Joseph | Grant | 40K | — |
| 2026-04-08 | SADOWSKI PETER T | Sell | 473 | $47.67 |
| 2026-01-05 | Dhanidina Halim | Sell | 6.0K | $55.90 |
| 2025-12-31 | Fidelity National Financial, Inc. | Other | 16.3M | — |
| 2025-11-17 | LANE DANIEL D | Sell | 6.4K | $57.63 |
| 2025-11-15 | QUIRK RAYMOND R | Tax withheld | 12K | $58.26 |
| 2025-11-15 | PARK ANTHONY | Tax withheld | 4.8K | $58.26 |
| 2025-11-15 | Nolan Michael Joseph | Tax withheld | 16K | $58.26 |
| 2025-11-15 | Gravelle Michael L | Tax withheld | 4.6K | $58.26 |
| 2025-11-15 | SADOWSKI PETER T | Tax withheld | 4.6K | $58.26 |
| 2025-11-10 | PARK ANTHONY | Grant | 31K | — |
| 2025-11-10 | Nolan Michael Joseph | Grant | 100K | — |
| 2025-11-10 | Gravelle Michael L | Grant | 28K | — |
| 2025-11-10 | SADOWSKI PETER T | Tax withheld | 4.6K | $57.50 |
| 2025-11-10 | QUIRK RAYMOND R | Tax withheld | 16K | $57.50 |
| 2025-11-10 | PARK ANTHONY | Tax withheld | 4.9K | $57.50 |
| 2025-11-10 | Nolan Michael Joseph | Tax withheld | 14K | $57.50 |
| 2025-11-10 | Gravelle Michael L | Tax withheld | 4.6K | $57.50 |
| 2025-11-10 | SADOWSKI PETER T | Grant | 29K | — |
| 2025-11-10 | THOMPSON CARY H | Grant | 4.9K | — |
| 2025-11-10 | Shea Peter O Jr | Grant | 4.9K | — |
| 2025-11-10 | Rood John D | Grant | 4.9K | — |
| 2025-11-10 | Morgan Sandra Douglass | Grant | 4.9K | — |
| 2025-11-10 | Murren Heather Hay | Grant | 4.9K | — |
| 2025-11-10 | LANE DANIEL D | Grant | 4.9K | — |
| 2025-11-10 | HAGERTY THOMAS M | Grant | 4.9K | — |
| 2025-11-10 | Dhanidina Halim | Grant | 4.9K | — |
| 2025-11-10 | Ammerman Douglas K | Grant | 4.9K | — |
| 2025-11-10 | QUIRK RAYMOND R | Grant | 56K | — |
| 2025-11-08 | SADOWSKI PETER T | Tax withheld | 3.5K | $57.05 |
| 2025-11-08 | PARK ANTHONY | Tax withheld | 3.7K | $57.05 |
| 2025-11-08 | Nolan Michael Joseph | Tax withheld | 12K | $57.05 |
| 2025-11-08 | Gravelle Michael L | Tax withheld | 3.5K | $57.05 |
| 2025-11-08 | QUIRK RAYMOND R | Tax withheld | 8.7K | $57.05 |
| 2025-06-05 | Rood John D | Sell | 10K | $53.96 |
| 2025-03-24 | Dhanidina Halim | Sell | 2.4K | $64.76 |
| 2025-03-24 | Fidelity National Financial, Inc. | Buy | 4.5M | $33.60 |
| 2025-01-10 | Dhanidina Halim | Sell | 2.8K | $54.85 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-11 | 2026-06-10 | 0001331875-26-000052 ↗ |
| 8-K | 2026-05-12 | 2026-05-08 | 0001331875-26-000046 ↗ |
| 10-Q | 2026-05-08 | 2026-03-31 | 0001331875-26-000042 ↗ |
| 8-K | 2026-05-06 | 2026-05-06 | 0001331875-26-000036 ↗ |
| 10-K | 2026-02-26 | 2025-12-31 | 0001331875-26-000026 ↗ |
| 8-K | 2026-02-19 | 2026-02-19 | 0001331875-26-000021 ↗ |
| 8-K | 2025-12-18 | 2025-12-18 | 0001331875-25-000169 ↗ |
| 10-Q | 2025-11-10 | 2025-09-30 | 0001331875-25-000111 ↗ |
| 8-K | 2025-11-07 | 2025-11-06 | 0001331875-25-000105 ↗ |
| 8-K | 2025-11-06 | 2025-11-06 | 0001331875-25-000101 ↗ |
| 10-Q | 2025-08-07 | 2025-06-30 | 0001331875-25-000055 ↗ |
| 8-K | 2025-08-06 | 2025-08-06 | 0001331875-25-000051 ↗ |