Fidelity National Financial, Inc. Buyback
OLI recorded this information on 8/3/2021
Fidelity National Financial, Inc.
Share Amount Authorized:
Fidelity National Financial, Inc. (NYSE:FNF) ("FNF" or the "Company") today announced that its Board of Directors has approved a new three-year stock repurchase program, effective August 3, 2021, under which the Company may repurchase up to 25 million shares of FNF common stock. Purchases may be made from time to time by the Company in the open market at prevailing market prices or in privately negotiated transactions through July 31, 2024. Under its previous three-year repurchase program, which expired on July 31, 2021, the company repurchased a total of 17.4 million shares of common stock.
Fidelity National Financial is a provider of title insurance, escrow and other title-related services, including trust activities, trustee sales guarantees, recordings and reconveyances and home warranty products and transaction services to the real estate and mortgage industries. Co. has three segments: Title, which consists of the operations of Co.'s title insurance underwriters and related businesses which provide title insurance and escrow and other title-related services including trust activities, trustee sales guarantees, and home warranty products; F&G, which consists of operations of Co.'s annuities and life insurance related businesses; and Corporate and Other.
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Strong Buy (3.50 out of 4)