Fidelity National Financial Insiders Sold US$7.4m Of Shares Suggesting Hesitancy
Fidelity National Financial Insiders Sold US$7.4m Of Shares Suggesting Hesitancy
The fact that multiple Fidelity National Financial, Inc. (NYSE:FNF) insiders offloaded a considerable amount of shares over the past year could have raised some eyebrows amongst investors. When evaluating insider transactions, knowing whether insiders are buying is usually more beneficial than knowing whether they are selling, as the latter can be open to many interpretations. However, when multiple insiders sell stock over a specific duration, shareholders should take notice as that could possibly be a red flag.
過去一年中，多名富達國民金融公司（NYSE：FNF）內部人士出售了大量股票，這可能引起了投資者的注意。在評估內部人士的交易時，了解內部人員是否正在購買通常比了解他們是否賣出股票更有利，因爲後者可能有多種解釋。但是，當多個內部人士在特定的時間內出售股票時，股東應該注意，因爲這可能是一個紅色信號。
While insider transactions are not the most important thing when it comes to long-term investing, we would consider it foolish to ignore insider transactions altogether.
雖然在長期投資方面內部交易並非最重要的事情，但完全忽略內部交易是愚蠢的。
Fidelity National Financial Insider Transactions Over The Last Year
富達國民金融內部交易在過去一年中的情況
In the last twelve months, the biggest single sale by an insider was when the Executive VP & CFO, Anthony Park, sold US$4.3m worth of shares at a price of US$50.82 per share. So we know that an insider sold shares at around the present share price of US$49.42. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.
在過去的12個月中，最大規模的內部人士出售情況是執行副總裁兼首席財務官Anthony Park以每股50.82美元的價格出售了430萬美元的股票。因此，我們知道內部人員在當前股價約爲49.42美元的情況下出售了股票。雖然內部人員拋售股票是一件消極的事情，但對我們來說，如果以更低的價格出售股票則更爲消極。我們注意到這次出售發生在當前價格附近，因此這不是一個主要的問題，但這幾乎不是一個好跡象。
Insiders in Fidelity National Financial didn't buy any shares in the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
在過去一年中，富達國民金融公司的內部人員沒有購買任何股份。下圖顯示了過去一年中公司和個人的內部交易情況。如果單擊圖表，您可以查看所有單個交易，包括股票價格、個人和日期！
If you are like me, then you will not want to miss this free list of small cap stocks that are not only being bought by insiders but also have attractive valuations.
如果您和我一樣，您就不會錯過這個免費的小盤股票列表，這些股票不僅被內部人士購買，而且估值也很有吸引力。
Fidelity National Financial Insiders Are Selling The Stock
富達國民金融內部人士正在拋售股票
Over the last three months, we've seen significant insider selling at Fidelity National Financial. In total, insiders dumped US$4.5m worth of shares in that time, and we didn't record any purchases whatsoever. This may suggest that some insiders think that the shares are not cheap.
在過去三個月中，我們看到富達國民金融的內部人士大量拋售股票。總計，內部人士在此期間拋售了價值450萬美元的股票，我們沒有記錄任何購買情況。這可能表明一些內部人員認爲這些股票不便宜。
Insider Ownership
內部人員持股情況
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It's great to see that Fidelity National Financial insiders own 4.9% of the company, worth about US$665m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
我喜歡看內部人員在公司中擁有多少股份，以幫助我了解他們與內部人員的利益是否一致。如果內部人員在公司中擁有大量股份，那麼這是一個好跡象。很高興看到，富達國民金融的內部人員擁有公司的4.9％股份，價值約6.65億美元。這種內部人員的大量持股會增加公司以所有股東的利益運營的機會。
So What Does This Data Suggest About Fidelity National Financial Insiders?
那麼這些數據對富達國民金融的內部人員意味着什麼？
Insiders haven't bought Fidelity National Financial stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. You'd be interested to know, that we found 1 warning sign for Fidelity National Financial and we suggest you have a look.
過去三個月內，內部人員沒有購買富達國民金融公司的股票，但有一些拋售情況。回顧過去12個月的情況，我們的數據沒有顯示任何內部人員購買的跡象。公司擁有高內部人員持股比例，但考慮到股票銷售的歷史，我們有些猶豫。因此，雖然了解內部人員在購買或出售方面的情況是有幫助的，但了解特定公司面臨的風險也是有幫助的。您一定會有興趣知道，我們發現了富達國民金融的1個警示標誌，我們建議您查看。
Of course Fidelity National Financial may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
當然，富達國民金融可能不是最好的股票。因此，您可能希望查看這些高質量公司的免費收藏。
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
對於本文而言，內部人是指向相關監管機構報告其交易的個人。我們目前僅考慮公開市場交易和直接利益的私人處置，但不包括衍生交易或間接利益。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者，發送電子郵件至editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論，只使用公正的方法論，我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議，也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意，我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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譯文內容由第三人軟體翻譯。