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

Fidelity National Financial, Inc. (NYSE:FNF) Director Sandra Douglass Morgan sold 2,092 shares of the company’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Fidelity National Financial Trading Down 1.2 %

NYSE:FNF opened at $56.32 on Monday. The stock has a market capitalization of $15.41 billion, a price-to-earnings ratio of 20.48 and a beta of 1.36. Fidelity National Financial, Inc. has a 52 week low of $46.85 and a 52 week high of $64.83. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The firm has a 50 day moving average of $60.19 and a 200 day moving average of $57.40.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.11). Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same quarter in the prior year, the company posted $1.23 EPS. The business’s revenue for the quarter was up 29.7% on a year-over-year basis. As a group, sell-side 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a dividend of $0.50 per share. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.55%. Fidelity National Financial’s payout ratio is presently 72.73%.

Hedge Funds Weigh In On Fidelity National Financial

Hedge funds have recently modified their holdings of the stock. Capital Performance Advisors LLP purchased a new stake in Fidelity National Financial during the 3rd quarter worth approximately $32,000. Brooklyn Investment Group acquired a new stake in shares of Fidelity National Financial during the third quarter worth $35,000. True Wealth Design LLC purchased a new stake in shares of Fidelity National Financial during the third quarter valued at $41,000. UMB Bank n.a. increased its position in shares of Fidelity National Financial by 280.6% in the 3rd quarter. UMB Bank n.a. now owns 685 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 505 shares during the period. Finally, Larson Financial Group LLC raised its stake in Fidelity National Financial by 141.1% in the 3rd quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 402 shares during the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Analyst Ratings Changes

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