Fidelity National Financial, Inc. (NYSE:FNF) Director Halim Dhanidina Sells 1,700 Shares

Fidelity National Financial, Inc. (NYSE:FNF) Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial stock in a transaction on Wednesday, September 18th. The shares were 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 approximately $803,585.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Fidelity National Financial Price Performance

NYSE FNF opened at $60.87 on Friday. The stock has a 50-day simple moving average of $56.65 and a 200 day simple moving average of $52.54. Fidelity National Financial, Inc. has a twelve month low of $37.10 and a twelve month high of $61.71. The stock has a market capitalization of $16.63 billion, a PE ratio of 20.02 and a beta of 1.36. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.23 and a current ratio of 0.23.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $1.24 EPS for the quarter, missing analysts’ consensus estimates 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%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.01 earnings per share. Research analysts anticipate that Fidelity National Financial, Inc. will post 4.53 EPS for the current year.

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.48 per share. 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 payout ratio is 63.16%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft boosted their price target on Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods boosted their target price on shares of Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 4th. Stephens restated an “overweight” rating and set a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Finally, 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. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $61.80.

Institutional Investors Weigh In On Fidelity National Financial

Several hedge funds have recently made changes to their positions in the stock. Confluence Investment Management LLC acquired a new stake in Fidelity National Financial during the first quarter worth $135,347,000. TPG GP A LLC acquired a new stake in shares of Fidelity National Financial during the 2nd quarter valued at about $83,798,000. Windacre Partnership LLC increased its stake in Fidelity National Financial by 9.6% in the first quarter. Windacre Partnership LLC now owns 16,249,267 shares of the financial services provider’s stock valued at $862,836,000 after acquiring an additional 1,424,767 shares during the period. Norges Bank bought a new stake in Fidelity National Financial in the fourth quarter valued at about $41,212,000. Finally, Vanguard Group Inc. raised its position in Fidelity National Financial by 2.8% in the first quarter. Vanguard Group Inc. now owns 26,875,738 shares of the financial services provider’s stock worth $1,427,102,000 after purchasing an additional 728,768 shares in the last quarter. 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.