Fidelity National Financial (NYSE:FNF) Director Sells $335,400.00 in Stock

Fidelity National Financial, Inc. (NYSE:FNF) Director Halim Dhanidina sold 6,000 shares of Fidelity National Financial stock in a transaction 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 sale, the director directly owned 13,186 shares in the company, valued at $737,097.40. This represents a 31.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Fidelity National Financial Stock Performance

FNF opened at $54.95 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.47. The company has a market cap of $15.45 billion, a price-to-earnings ratio of 13.25 and a beta of 1.00. Fidelity National Financial, Inc. has a 52-week low of $50.61 and a 52-week high of $66.72. The firm’s fifty day simple moving average is $56.85 and its two-hundred day simple moving average is $57.37.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Thursday, July 13th. The financial services provider reported $0.76 EPS for the quarter. The business had revenue of $3.17 billion during the quarter. Fidelity National Financial had a net margin of 8.34% and a return on equity of 15.06%. Equities analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th were given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 3.8%. This is a boost 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 (DPR) is 50.12%.

Hedge Funds Weigh In On Fidelity National Financial

A number of institutional investors have recently bought and sold shares of the company. Nissay Asset Management Corp Japan ADV grew its stake in shares of Fidelity National Financial by 0.6% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 31,651 shares of the financial services provider’s stock valued at $2,060,000 after buying an additional 197 shares during the period. Islay Capital Management LLC grew its position in Fidelity National Financial by 2.3% in the second quarter. Islay Capital Management LLC now owns 8,865 shares of the financial services provider’s stock worth $497,000 after acquiring an additional 200 shares during the period. Fiduciary Trust Co grew its position in Fidelity National Financial by 2.0% in the third quarter. Fiduciary Trust Co now owns 11,813 shares of the financial services provider’s stock worth $715,000 after acquiring an additional 228 shares during the period. Burney Co. increased its stake in Fidelity National Financial by 1.4% during the third quarter. Burney Co. now owns 17,406 shares of the financial services provider’s stock worth $1,053,000 after acquiring an additional 243 shares during the last quarter. Finally, Centennial Wealth Advisory LLC raised its position in Fidelity National Financial by 5.7% in the third quarter. Centennial Wealth Advisory LLC now owns 4,579 shares of the financial services provider’s stock valued at $277,000 after purchasing an additional 248 shares during the period. 81.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FNF. Stephens initiated coverage on Fidelity National Financial in a research report on Friday, November 14th. They set an “overweight” rating for the company. Wall Street Zen lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings reissued a “buy (b-)” rating on shares of Fidelity National Financial in a research note on Monday, December 29th. Barclays lowered their price target on shares of Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Finally, National Bankshares set a $63.00 price objective on shares of Fidelity National Financial in a report on Tuesday. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Fidelity National Financial currently has an average rating of “Moderate Buy” and an average target price of $68.25.

About Fidelity National Financial

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.