Fidelity National Financial to Buy Back Stock

Irvine-based Fidelity National Financial Inc., its stock touching a 52-week low, said Thursday that its board has authorized the company to buy back up to 4 million shares of common stock. The real estate services company has purchased 613,200 shares this year under a previous stock repurchasing program.

Purchases may be made by the company in the open market or in block purchases, or in privately negotiated transactions depending on market conditions and other factors, Fidelity said.

The stock closed Thursday at $16.44 a share, down 13 cents, after hitting a 52-week low of $16.13 earlier in the session. The shares traded as high as $39.66 in July.