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 the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total transaction of $103,445.00. Following the completion of the sale, the director now owns 13,206 shares in the company, valued at $803,585.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Fidelity National Financial Price Performance

Shares of FNF traded down $0.04 during mid-day trading on Thursday, reaching $60.95. The company had a trading volume of 165,219 shares, compared to its average volume of 1,237,693. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.23 and a quick ratio of 0.23. The company has a market capitalization of $16.65 billion, a P/E ratio of 20.06 and a beta of 1.36. Fidelity National Financial, Inc. has a twelve month low of $37.10 and a twelve month high of $61.71. The company’s 50-day moving average is $56.46 and its 200-day moving average is $52.49.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.03). Fidelity National Financial had a return on equity of 14.48% and a net margin of 7.19%. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the prior year, the company earned $1.01 earnings per share. The business’s revenue was up 2.9% compared to the same quarter last year. On average, equities analysts anticipate that Fidelity National Financial, Inc. will post 4.53 EPS for the current year.

Fidelity National Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend is Monday, September 16th. Fidelity National Financial’s payout ratio is 63.16%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FNF. Vanguard Group Inc. raised its position in Fidelity National Financial by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 26,875,738 shares of the financial services provider’s stock valued at $1,427,102,000 after purchasing an additional 728,768 shares during the last quarter. Windacre Partnership LLC raised its holdings in shares of Fidelity National Financial by 9.6% in the first quarter. Windacre Partnership LLC now owns 16,249,267 shares of the financial services provider’s stock valued at $862,836,000 after buying an additional 1,424,767 shares during the last quarter. Victory Capital Management Inc. lifted its position in 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 buying an additional 640,829 shares in the last quarter. Cooke & Bieler LP grew its holdings in Fidelity National Financial by 3.2% during the 2nd quarter. Cooke & Bieler LP now owns 5,937,596 shares of the financial services provider’s stock worth $293,436,000 after acquiring an additional 184,078 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in 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 acquiring an additional 77,118 shares in the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FNF. Keefe, Bruyette & Woods lifted their target price on Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft raised their price objective on Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Stephens restated an “overweight” rating and issued a $63.00 target price on shares of Fidelity National Financial in a research note on Thursday, August 15th. Finally, Truist Financial lifted their price target on shares of Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $61.80.

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.