Insider Selling: Fidelity National Financial, Inc. (NYSE:FNF) Director Sells $103,445.00 in Stock

Fidelity National Financial, Inc. (NYSE:FNF) Director Halim Dhanidina sold 1,700 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total value of $103,445.00. Following the sale, the director now directly owns 13,206 shares of the company’s stock, valued at $803,585.10. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Fidelity National Financial Stock Up 0.1 %

Fidelity National Financial stock opened at $60.95 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.23 and a quick ratio of 0.23. Fidelity National Financial, Inc. has a fifty-two week low of $37.10 and a fifty-two week high of $62.00. The firm has a fifty day moving average price of $56.83 and a two-hundred day moving average price of $52.62. The firm has a market cap of $16.65 billion, a price-to-earnings ratio of 20.05 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.03). The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.20 billion. Fidelity National Financial had a return on equity of 14.48% and a net margin of 7.19%. Fidelity National Financial’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.01 EPS. As a group, analysts forecast that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be given a $0.48 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.92 annualized dividend and a dividend yield of 3.15%. Fidelity National Financial’s dividend payout ratio is 63.16%.

Analysts Set New Price Targets

FNF has been the subject of a number of analyst reports. StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Keefe, Bruyette & Woods lifted their price objective on shares of Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a research note on Wednesday, September 4th. Truist Financial increased their target price on shares of Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Stephens reaffirmed an “overweight” rating and issued a $63.00 price target on shares of Fidelity National Financial in a research report on Thursday, August 15th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Fidelity National Financial has a consensus rating of “Hold” and a consensus price target of $61.80.

Hedge Funds Weigh In On Fidelity National Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. V Square Quantitative Management LLC bought a new stake in Fidelity National Financial in the 4th quarter valued at $27,000. Opal Wealth Advisors LLC acquired a new position in shares of Fidelity National Financial during the second quarter valued at about $26,000. New Covenant Trust Company N.A. bought a new stake in shares of Fidelity National Financial in the first quarter valued at about $30,000. Covestor Ltd grew its position in Fidelity National Financial by 109.0% during the first quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock worth $31,000 after buying an additional 303 shares in the last quarter. Finally, Salomon & Ludwin LLC increased its stake in Fidelity National Financial by 231.0% during the first quarter. Salomon & Ludwin LLC now owns 609 shares of the financial services provider’s stock valued at $32,000 after acquiring an additional 425 shares during the period. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products.