Insider Selling: Fidelity National Financial, Inc. (NYSE:FNF) Director Sells 2,092 Shares of Stock

Fidelity National Financial, Inc. (NYSE:FNF) Director Sandra Douglass Morgan sold 2,092 shares of the company’s stock in a transaction on Tuesday, December 24th. The stock was 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 approximately $1,824,303.38. The trade was a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Fidelity National Financial Price Performance

NYSE FNF opened at $56.32 on Friday. Fidelity National Financial, Inc. has a 12 month low of $46.85 and a 12 month high of $64.83. The firm has a market capitalization of $15.41 billion, a PE ratio of 20.48 and a beta of 1.36. The company’s 50 day simple moving average is $60.19 and its 200 day simple moving average is $57.28. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24.

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

Fidelity National Financial Increases Dividend

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

Hedge Funds Weigh In On Fidelity National Financial

Large investors have recently made changes to their positions in the business. Swedbank AB boosted its holdings in Fidelity National Financial by 25.1% during the third quarter. Swedbank AB now owns 42,375 shares of the financial services provider’s stock worth $2,630,000 after buying an additional 8,511 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Fidelity National Financial by 61.0% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 49,707 shares of the financial services provider’s stock worth $2,457,000 after acquiring an additional 18,838 shares in the last quarter. Barclays PLC grew its holdings in shares of Fidelity National Financial by 4.4% in the 3rd quarter. Barclays PLC now owns 216,755 shares of the financial services provider’s stock worth $13,451,000 after acquiring an additional 9,146 shares during the last quarter. Horizon Kinetics Asset Management LLC raised its position in shares of Fidelity National Financial by 35.1% during the third quarter. Horizon Kinetics Asset Management LLC now owns 58,071 shares of the financial services provider’s stock worth $3,604,000 after purchasing an additional 15,100 shares during the period. Finally, Cyndeo Wealth Partners LLC lifted its holdings in shares of Fidelity National Financial by 8.0% during the third quarter. Cyndeo Wealth Partners LLC now owns 116,894 shares of the financial services provider’s stock valued at $7,254,000 after purchasing an additional 8,618 shares during the last quarter. Institutional investors own 81.17% of the company’s stock.

Analysts Set New Price Targets

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

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.