Halim Dhanidina Sells 3,000 Shares of Fidelity National Financial, Inc. (NYSE:FNF) Stock

Fidelity National Financial, Inc. (NYSE:FNF) Director Halim Dhanidina sold 3,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $50.64, for a total transaction of $151,920.00. Following the completion of the sale, the director now directly owns 14,906 shares of the company’s stock, valued at $754,839.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Fidelity National Financial Stock Down 2.1 %

NYSE:FNF opened at $49.49 on Wednesday. The firm has a market cap of $13.52 billion, a P/E ratio of 25.91 and a beta of 1.34. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.21 and a current ratio of 0.21. Fidelity National Financial, Inc. has a fifty-two week low of $32.02 and a fifty-two week high of $53.96. The firm has a 50-day simple moving average of $50.57 and a two-hundred day simple moving average of $48.08.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.27). The firm had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $2.80 billion. Fidelity National Financial had a net margin of 4.40% and a return on equity of 13.91%. During the same quarter in the prior year, the business posted $1.06 earnings per share. Analysts predict that Fidelity National Financial, Inc. will post 4.81 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.48 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.88%. Fidelity National Financial’s dividend payout ratio is presently 100.52%.

Institutional Trading of Fidelity National Financial

A number of large investors have recently made changes to their positions in the stock. Nomura Asset Management Co. Ltd. grew its stake in shares of Fidelity National Financial by 0.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 66,445 shares of the financial services provider’s stock worth $3,390,000 after acquiring an additional 196 shares during the period. GAMMA Investing LLC grew its stake in shares of Fidelity National Financial by 10.6% in the first quarter. GAMMA Investing LLC now owns 2,155 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 207 shares during the period. Global Retirement Partners LLC grew its stake in shares of Fidelity National Financial by 7.6% in the fourth quarter. Global Retirement Partners LLC now owns 3,012 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 212 shares during the period. Woodward Diversified Capital LLC grew its stake in shares of Fidelity National Financial by 6.4% in the first quarter. Woodward Diversified Capital LLC now owns 4,219 shares of the financial services provider’s stock worth $224,000 after acquiring an additional 254 shares during the period. Finally, Hunter Associates Investment Management LLC grew its stake in shares of Fidelity National Financial by 0.3% in the fourth quarter. Hunter Associates Investment Management LLC now owns 77,198 shares of the financial services provider’s stock worth $3,940,000 after acquiring an additional 255 shares during the period. 81.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Fidelity National Financial in a research report on Wednesday, January 10th. They issued a “hold” rating for the company. Keefe, Bruyette & Woods increased their price target on shares of Fidelity National Financial from $54.00 to $56.00 and gave the stock a “market perform” rating in a research note on Thursday, March 21st. Truist Financial increased their price target on shares of Fidelity National Financial from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Finally, Barclays increased their price target on shares of Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $54.20.

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.