Fidelity National Financial, Inc. (NYSE:FNF) Director Sells $153,580.00 in Stock

Fidelity National Financial, Inc. (NYSE:FNF) Director Halim Dhanidina sold 2,800 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $54.85, for a total value of $153,580.00. Following the sale, the director now directly owns 16,716 shares of the company’s stock, valued at $916,872.60. This represents a 14.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Fidelity National Financial Price Performance

FNF opened at $55.64 on Wednesday. The company has a fifty day moving average price of $59.16 and a two-hundred day moving average price of $57.97. The firm has a market capitalization of $15.23 billion, a PE ratio of 20.23 and a beta of 1.38. Fidelity National Financial, Inc. has a 52 week low of $46.85 and a 52 week high of $64.83. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24.

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

Fidelity National Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.59%. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date was Tuesday, December 17th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 72.73%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Daiwa Securities Group Inc. boosted its position in shares of Fidelity National Financial by 5.3% during the second quarter. Daiwa Securities Group Inc. now owns 17,896 shares of the financial services provider’s stock worth $884,000 after purchasing an additional 900 shares in the last quarter. GHP Investment Advisors Inc. lifted its holdings in Fidelity National Financial by 18.8% during the second quarter. GHP Investment Advisors Inc. now owns 36,827 shares of the financial services provider’s stock worth $1,820,000 after acquiring an additional 5,819 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in Fidelity National Financial in the second quarter valued at about $310,000. Dimensional Fund Advisors LP increased its holdings in shares of Fidelity National Financial by 2.3% in the second quarter. Dimensional Fund Advisors LP now owns 3,428,258 shares of the financial services provider’s stock worth $169,421,000 after acquiring an additional 77,118 shares in the last quarter. Finally, Quantbot Technologies LP raised its position in shares of Fidelity National Financial by 380.1% during the second quarter. Quantbot Technologies LP now owns 56,072 shares of the financial services provider’s stock worth $2,771,000 after purchasing an additional 44,392 shares during the period. Institutional investors and hedge funds own 81.17% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on FNF shares. Keefe, Bruyette & Woods cut their price target on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and raised their price target for the company from $76.00 to $77.00 in a report on Friday, January 3rd. Barclays upped their price objective on Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Finally, Truist Financial upped their price target on Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Fidelity National Financial has an average rating of “Moderate Buy” and a consensus target price of $66.40.

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.