Sandra Douglass Morgan Sells 2,092 Shares of Fidelity National Financial, Inc. (NYSE:FNF) Stock

Fidelity National Financial, Inc. (NYSE:FNF - Get Free Report) Director Sandra Douglass Morgan sold 2,092 shares of the stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the transaction, the director now owns 32,386 shares of the company's stock, valued at $1,824,303.38. The trade was a 6.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Fidelity National Financial Stock Performance

FNF stock traded down $0.68 during trading hours on Friday, reaching $56.32. The stock had a trading volume of 553,429 shares, compared to its average volume of 1,190,646. The stock has a market capitalization of $15.41 billion, a PE ratio of 20.48 and a beta of 1.36. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a 50-day simple moving average of $60.30 and a 200 day simple moving average of $57.23. Fidelity National Financial, Inc. has a fifty-two week low of $46.85 and a fifty-two week high of $64.83.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing analysts' consensus estimates of $1.41 by ($0.11). The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The business's revenue was up 29.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.23 EPS. Analysts predict that Fidelity National Financial, Inc. will post 4.57 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date is Tuesday, December 17th. This is a boost from Fidelity National Financial's previous quarterly dividend of $0.48. Fidelity National Financial's dividend payout ratio (DPR) is currently 72.73%.

Institutional Trading of Fidelity National Financial

Hedge funds have recently modified their holdings of the stock. Capital Performance Advisors LLP acquired a new stake in shares of Fidelity National Financial during the 3rd quarter worth about $32,000. Brooklyn Investment Group acquired a new stake in shares of Fidelity National Financial during the 3rd quarter worth about $35,000. True Wealth Design LLC acquired a new stake in shares of Fidelity National Financial during the 3rd quarter worth about $41,000. UMB Bank n.a. lifted its stake in shares of Fidelity National Financial by 280.6% during the 3rd quarter. UMB Bank n.a. now owns 685 shares of the financial services provider's stock worth $43,000 after buying an additional 505 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake in shares of Fidelity National Financial by 141.1% during the 3rd quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider's stock worth $43,000 after buying an additional 402 shares during the last quarter. Institutional investors and hedge funds own 81.17% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on FNF shares. Barclays increased their target price on shares of Fidelity National Financial from $56.00 to $59.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 8th. Truist Financial increased their target price on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Fidelity National Financial from $63.00 to $64.00 and gave the stock a "market perform" rating in a report on Tuesday, December 10th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Fidelity National Financial has a consensus rating of "Hold" and a consensus price target 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.