Fidelity National Financial, Inc. (NYSE:FNF) Director Sells $117,842.36 in Stock

Fidelity National Financial, Inc. (NYSE:FNF) Director Sandra Douglass Morgan sold 2,092 shares of the firm’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total value of $117,842.36. Following the transaction, the director now owns 32,386 shares of the company’s stock, valued at $1,824,303.38. This represents a 6.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Fidelity National Financial Trading Down 1.2 %

FNF stock opened at $56.32 on Monday. Fidelity National Financial, Inc. has a twelve month low of $46.85 and a twelve month high of $64.83. The stock has a market capitalization of $15.41 billion, a price-to-earnings ratio of 20.48 and a beta of 1.36. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The firm’s fifty day simple moving average is $60.19 and its two-hundred day simple moving average is $57.40.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The firm had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.32 billion. During the same period last year, the company earned $1.23 earnings per share. The business’s revenue for the quarter was up 29.7% compared to the same quarter last year. As a group, analysts anticipate that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, December 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.55%. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s payout ratio is presently 72.73%.

Hedge Funds Weigh In On Fidelity National Financial

Hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC grew its holdings in shares of Fidelity National Financial by 31.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 5,456 shares of the financial services provider’s stock worth $270,000 after purchasing an additional 1,294 shares during the last quarter. Atomi Financial Group Inc. bought a new position in Fidelity National Financial in the 2nd quarter worth about $201,000. Cambridge Investment Research Advisors Inc. grew its stake in Fidelity National Financial by 5.0% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 80,906 shares of the financial services provider’s stock worth $3,998,000 after acquiring an additional 3,875 shares in the last quarter. HB Wealth Management LLC increased its position in shares of Fidelity National Financial by 5.8% during the second quarter. HB Wealth Management LLC now owns 13,716 shares of the financial services provider’s stock worth $678,000 after acquiring an additional 750 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Fidelity National Financial by 3.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,573 shares of the financial services provider’s stock valued at $2,055,000 after purchasing an additional 1,263 shares during the period. Institutional investors own 81.17% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on FNF. Truist Financial raised their target price on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a report on Monday, November 11th. Keefe, Bruyette & Woods lifted their price objective on shares of Fidelity National Financial from $63.00 to $64.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 10th. Finally, Barclays upped their target price on shares of Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $63.80.

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.