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 stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total transaction of $103,445.00. Following the completion of the transaction, the director now owns 13,206 shares of the company’s stock, valued at approximately $803,585.10. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Fidelity National Financial Trading Up 0.1 %

FNF stock opened at $60.95 on Friday. The business has a fifty day moving average price of $56.83 and a 200 day moving average price of $52.62. 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 stock has a market capitalization of $16.65 billion, a price-to-earnings ratio of 20.05 and a beta of 1.36.

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

Fidelity National Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on FNF shares. Deutsche Bank Aktiengesellschaft upped their target price on shares of Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Truist Financial increased their target price on Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Keefe, Bruyette & Woods boosted their price target on 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. StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, Stephens restated an “overweight” rating and issued a $63.00 target price on shares of Fidelity National Financial in a research note on Thursday, August 15th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Fidelity National Financial currently has an average rating of “Hold” and a consensus price target of $61.80.

Institutional Trading of Fidelity National Financial

Hedge funds have recently modified their holdings of the stock. KBC Group NV raised its position in Fidelity National Financial by 845.5% in the 4th quarter. KBC Group NV now owns 631,801 shares of the financial services provider’s stock worth $32,234,000 after purchasing an additional 564,980 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Fidelity National Financial by 673.6% in the 1st quarter. BNP Paribas Financial Markets now owns 666,900 shares of the financial services provider’s stock valued at $35,412,000 after buying an additional 580,694 shares during the period. State Board of Administration of Florida Retirement System raised its position in shares of Fidelity National Financial by 7.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 327,206 shares of the financial services provider’s stock worth $17,375,000 after acquiring an additional 23,358 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Fidelity National Financial by 49.0% during the first quarter. Advisors Asset Management Inc. now owns 39,644 shares of the financial services provider’s stock valued at $2,105,000 after acquiring an additional 13,039 shares during the period. Finally, Lloyd Advisory Services LLC. bought a new position in Fidelity National Financial in the first quarter valued at about $1,010,000. 81.17% of the stock is owned by institutional investors.

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.