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

Fidelity National Financial, Inc. (NYSE:FNF) Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial stock in a transaction that occurred 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 sale, the director now owns 13,206 shares of the company’s stock, valued at $803,585.10. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $60.94 on Friday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.52. Fidelity National Financial, Inc. has a 12-month low of $37.10 and a 12-month high of $62.00. The business’s 50 day moving average is $56.83 and its two-hundred day moving average is $52.61. The company has a market capitalization of $16.65 billion, a P/E 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 (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.03). Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The business had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter last year, the business earned $1.01 EPS. The company’s quarterly revenue was up 2.9% on a year-over-year basis. Analysts expect that Fidelity National Financial, Inc. will post 4.53 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

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 paid 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 dividend payout ratio is currently 63.16%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Truist Financial raised their target price on shares of Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Keefe, Bruyette & Woods upped their target price on Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 4th. Stephens reissued an “overweight” rating and issued a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Four equities research 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 has a consensus rating of “Hold” and a consensus price target of $61.80.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Confluence Investment Management LLC acquired a new position in shares of Fidelity National Financial during the first quarter valued at approximately $135,347,000. TPG GP A LLC purchased a new position in Fidelity National Financial in the 2nd quarter valued at $83,798,000. Windacre Partnership LLC boosted its stake in Fidelity National Financial by 9.6% during the 1st quarter. Windacre Partnership LLC now owns 16,249,267 shares of the financial services provider’s stock worth $862,836,000 after purchasing an additional 1,424,767 shares during the last quarter. Norges Bank purchased a new stake in shares of Fidelity National Financial during the fourth quarter worth $41,212,000. Finally, Vanguard Group Inc. raised its position in shares of 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 valued at $1,427,102,000 after buying an additional 728,768 shares during the last quarter. Institutional investors and hedge funds 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.