Key Points
- Fidelity National Financial director Halim Dhanidina sold 6,000 shares on Jan. 5 at an average of $55.90 for $335,400, cutting his position by 31.27% to 13,186 shares (≈$737,097).
- FNF raised its quarterly dividend to $0.52 per share (annualized $2.08), a ~3.7% yield and up from $0.50, with a dividend payout ratio of about 50.12%.
- Analyst sentiment is cautiously positive: the stock has a consensus "Moderate Buy" rating with an average price target of $68.25 (three Buy ratings, one Hold).
Fidelity National Financial, Inc. (NYSE:FNF - Get Free Report) Director Halim Dhanidina sold 6,000 shares of the firm's stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $55.90, for a total transaction of $335,400.00. Following the completion of the transaction, the director owned 13,186 shares of the company's stock, valued at approximately $737,097.40. This trade represents a 31.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Fidelity National Financial Trading Down 1.4%
FNF opened at $55.79 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.25 and a quick ratio of 0.25. Fidelity National Financial, Inc. has a fifty-two week low of $50.61 and a fifty-two week high of $66.72. The company's 50 day moving average price is $56.85 and its two-hundred day moving average price is $57.39. The firm has a market capitalization of $15.68 billion, a price-to-earnings ratio of 13.45 and a beta of 1.00.
Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its quarterly earnings results on Thursday, July 13th. The financial services provider reported $0.76 EPS for the quarter. The company had revenue of $3.17 billion for the quarter. Fidelity National Financial had a net margin of 8.34% and a return on equity of 15.06%. As a group, research analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.
Fidelity National Financial Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.7%. This is a positive change from Fidelity National Financial's previous quarterly dividend of $0.50. The ex-dividend date was Wednesday, December 17th. Fidelity National Financial's dividend payout ratio is 50.12%.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on FNF shares. Barclays decreased their target price on shares of Fidelity National Financial from $64.00 to $63.00 and set an "equal weight" rating for the company in a research report on Tuesday. Weiss Ratings reiterated a "buy (b-)" rating on shares of Fidelity National Financial in a research report on Monday, December 29th. Wall Street Zen raised shares of Fidelity National Financial from a "hold" rating to a "buy" rating in a research note on Saturday, December 20th. Keefe, Bruyette & Woods upped their price target on shares of Fidelity National Financial from $70.00 to $72.00 and gave the company an "outperform" rating in a research report on Thursday, December 18th. Finally, National Bankshares set a $63.00 price target on Fidelity National Financial in a report on Tuesday. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $68.25.
View Our Latest Analysis on Fidelity National Financial
Institutional Investors Weigh In On Fidelity National Financial
Several hedge funds and other institutional investors have recently bought and sold shares of FNF. Nissay Asset Management Corp Japan ADV boosted its position in shares of Fidelity National Financial by 0.6% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 31,651 shares of the financial services provider's stock worth $2,060,000 after purchasing an additional 197 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Fidelity National Financial by 8.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 629,616 shares of the financial services provider's stock worth $40,975,000 after buying an additional 47,267 shares during the period. Sciencast Management LP acquired a new position in Fidelity National Financial during the 1st quarter worth approximately $860,000. Caxton Associates LLP bought a new position in Fidelity National Financial in the first quarter worth approximately $604,000. Finally, Meiji Yasuda Life Insurance Co grew its stake in Fidelity National Financial by 21.0% in the first quarter. Meiji Yasuda Life Insurance Co now owns 10,783 shares of the financial services provider's stock valued at $702,000 after acquiring an additional 1,873 shares during the period. 81.17% of the stock is owned by institutional investors.
About Fidelity National Financial
(
Get Free Report)
Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.
FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.
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