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 business’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total transaction of $117,842.36. Following the transaction, the director now directly owns 32,386 shares in the company, valued at $1,824,303.38. The trade was a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Fidelity National Financial Stock Performance

Shares of Fidelity National Financial stock traded down $0.68 on Friday, reaching $56.32. The stock had a trading volume of 553,396 shares, compared to its average volume of 1,189,830. The stock has a market cap of $15.41 billion, a P/E ratio of 20.48 and a beta of 1.36. Fidelity National Financial, Inc. has a fifty-two week low of $46.85 and a fifty-two 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. The business’s 50-day moving average price is $60.30 and its two-hundred day moving average price is $57.23.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data 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 company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. During the same quarter in the previous year, the business posted $1.23 EPS. The company’s revenue was up 29.7% on a year-over-year basis. On average, sell-side analysts forecast that Fidelity National Financial, Inc. will post 4.57 EPS for the current year.

Fidelity National Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.55%. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, December 17th. Fidelity National Financial’s dividend payout ratio is presently 72.73%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. lifted its holdings in shares of Fidelity National Financial by 8.5% during the 2nd quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider’s stock worth $404,332,000 after acquiring an additional 640,829 shares during the period. Charles Schwab Investment Management Inc. raised its position in Fidelity National Financial by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,025,159 shares of the financial services provider’s stock worth $498,041,000 after purchasing an additional 289,962 shares in the last quarter. Cooke & Bieler LP lifted its stake in Fidelity National Financial by 3.2% during the second quarter. Cooke & Bieler LP now owns 5,937,596 shares of the financial services provider’s stock worth $293,436,000 after purchasing an additional 184,078 shares during the period. Geode Capital Management LLC boosted its holdings in Fidelity National Financial by 1.6% during the third quarter. Geode Capital Management LLC now owns 4,462,837 shares of the financial services provider’s stock valued at $276,343,000 after purchasing an additional 69,643 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Fidelity National Financial by 2.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,428,258 shares of the financial services provider’s stock valued at $169,421,000 after purchasing an additional 77,118 shares during the period. 81.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on FNF shares. Barclays lifted their price objective on Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Truist Financial lifted their target price on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Keefe, Bruyette & Woods lifted their price objective 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. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Fidelity National Financial currently has an average rating of “Hold” and an average 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.