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.
在過去的一年中，多位富達國家金融公司（紐約證券交易所代碼：FNF）內部人士拋售了大量股票，這一事實可能會引起投資者的關注。在評估內幕交易時，了解內部人士是否在買入通常比知道他們是否在賣出更有益，因爲後者可能有多種解釋。但是，當多個內部人士在特定期限內出售股票時，股東應注意，因爲這可能是一個危險信號。
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.
儘管在長期投資中，內幕交易並不是最重要的事情，但我們認爲完全忽視內幕交易是愚蠢的。
Fidelity National Financial Insider Transactions Over The Last Year
富達去年的全國金融內幕交易
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.
在過去的十二個月中，內部人士最大的一次出售是執行副總裁兼首席財務官安東尼·帕克以每股50.82美元的價格出售了價值430萬美元的股票。因此，我們知道一位內部人士以目前的49.42美元左右的股價出售了股票。儘管內幕拋售是負面的，但對我們來說，如果以較低的價格出售股票，則負面影響更大。我們注意到，此次銷售的價格約爲當前價格，因此儘管這不是一個好兆頭，但這並不是一個主要問題。
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!
富達國家金融的內部人士去年沒有購買任何股票。下圖顯示了去年的內幕交易（公司和個人）。如果你點擊圖表，你可以看到所有的個人交易，包括股價、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.
如果你像我一樣，那麼你一定不想錯過這份免費的小盤股清單，這些股票不僅被內部人士買入，而且估值也很有吸引力。
Fidelity National Financial Insiders Are Selling The Stock
富達全國金融內部人士正在出售該股
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.
在過去的三個月中，我們看到了富達國家金融的大量內幕拋售。在此期間，內部人士總共拋售了價值450萬美元的股票，我們沒有記錄任何購買記錄。這可能表明一些內部人士認爲股票並不便宜。
Insider Ownership
內部所有權
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.
我喜歡看看內部人士在一家公司擁有多少股票，以幫助我了解他們與內部人士的看法。我認爲，如果內部人士擁有該公司的大量股份，這是一個好兆頭。很高興看到富達國民金融內部人士擁有該公司4.9％的股份，價值約6.65億美元。內部人士的這種重要所有權通常會增加公司爲所有股東的利益而經營的機會。
So What Does This Data Suggest About Fidelity National Financial Insiders?
那麼，這些數據對富達全國金融內部人士有何啓示呢？
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.
內部人士在過去三個月中沒有買入富達國民金融的股票，但出現了一些拋售。展望過去的十二個月，我們的數據並未顯示任何內幕買盤。該公司擁有很高的內部所有權，但考慮到股票銷售的歷史，我們有點猶豫。因此，雖然了解內部人士在買入或賣出方面的所作所爲很有幫助，但了解特定公司面臨的風險也很有幫助。你可能會有興趣知道，我們發現了富達國民金融的1個警告信號，我們建議你看看。
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值得購買的股票。因此，您可能希望看到這個免費的高質量公司集合。
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.
就本文而言，內部人士是指向相關監管機構報告其交易的個人。我們目前只考慮公開市場交易和私下處置的直接利益，不包括衍生品交易或間接權益。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
對這篇文章有反饋嗎？對內容感到擔憂？直接聯繫我們。 或者，給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論，我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議，也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意，我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之，華爾街沒有持有任何上述股票的頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對這篇文章有反饋嗎？對內容感到擔憂？直接聯繫我們。 或者，發送電子郵件至 editorial-team@simplywallst.com
譯文內容由第三人軟體翻譯。