Fidelity National Financial, Inc. (NYSE:FNF) Director Sandra Douglass Morgan Sells 2,092 Shares

Fidelity National Financial, Inc. (NYSE:FNF) Director Sandra Douglass Morgan sold 2,092 shares of the business’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total transaction of $117,842.36. Following the transaction, the director now directly owns 32,386 shares of the company’s stock, valued at approximately $1,824,303.38. This trade represents a 6.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Fidelity National Financial Price Performance

Fidelity National Financial stock traded down $0.68 during midday trading on Friday, hitting $56.32. The company’s stock had a trading volume of 553,396 shares, compared to its average volume of 1,189,830. The stock’s 50-day moving average price is $60.30 and its 200-day moving average price is $57.23. The company has a market capitalization of $15.41 billion, a PE 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. Fidelity National Financial, Inc. has a 12 month low of $46.85 and a 12 month high of $64.83.

Fidelity National Financial (NYSE:FNF) last issued its earnings results 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 business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the previous year, the business posted $1.23 earnings per share. The company’s quarterly revenue was up 29.7% on a year-over-year basis. Analysts anticipate that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

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

Analyst Upgrades and Downgrades

FNF has been the topic of a number of recent analyst reports. Barclays lifted their price target on Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods raised their price target on Fidelity National Financial from $63.00 to $64.00 and gave the company a “market perform” rating in a report on Tuesday, December 10th. Finally, Truist Financial increased their target price on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $63.80.

Hedge Funds Weigh In On Fidelity National Financial

A number of institutional investors have recently bought and sold shares of FNF. Capital Performance Advisors LLP purchased a new position in shares of Fidelity National Financial in the third quarter worth approximately $32,000. International Assets Investment Management LLC purchased a new position in Fidelity National Financial during the 2nd quarter worth approximately $35,000. Brooklyn Investment Group acquired a new stake in Fidelity National Financial during the 3rd quarter valued at $35,000. True Wealth Design LLC purchased a new stake in shares of Fidelity National Financial in the third quarter valued at $41,000. Finally, Innealta Capital LLC acquired a new stake in shares of Fidelity National Financial in the second quarter worth $43,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

About Fidelity National Financial

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.