Fidelity National Financial Director Halim Dhanidina Sells Shares

On January 10th, Halim Dhanidina, a director at Fidelity National Financial, Inc. (NYSE:FNF - Get Free Report), sold 2,800 shares of the company’s stock. The transaction was executed at an average price of $54.85 per share, resulting in a total sale value of $153,580. Following this sale, Dhanidina now holds 16,716 shares, which are valued at approximately $916,872.60. This sale marks a 14.35% reduction in his ownership stake in the company. The details of this transaction were reported in a document filed with the Securities and Exchange Commission (SEC).

Fidelity National Financial Stock Performance

As of Monday, during mid-day trading, Fidelity National Financial's stock saw a decrease of $0.28, bringing it down to $53.97. Approximately 61,004 shares were traded, compared to an average trading volume of 890,061 shares. The company's current financial ratios indicate a debt-to-equity ratio of 0.47, a quick ratio of 0.24, and a current ratio of 0.24. Fidelity National Financial has a market capitalization of around $14.77 billion and a price-to-earnings ratio of 19.63. Its beta is recorded at 1.38, and the stock’s simple moving averages are $59.33 for the last 50 days and $57.89 for the last 200 days. Over the past year, the stock has traded as low as $46.85 and as high as $64.83.

Recent Earnings Report

Fidelity National Financial last reported its earnings on November 6th. The financial service provider posted earnings per share (EPS) of $1.30 for the quarter, which was below the analysts' consensus estimate of $1.41, missing the target by $0.11. The company's revenue for this quarter reached $3.60 billion, surpassing analysts' expectations of $3.32 billion. The return on equity for the company stood at 13.72%, with a net margin of 5.57%. Compared to the previous year, the business saw a revenue increase of 29.7%. In the same quarter last year, the company reported an EPS of $1.23. Analysts predict that Fidelity National Financial will achieve an EPS of $4.57 for the ongoing fiscal year.

Dividend Increase Announcement

Recently, Fidelity National Financial announced a quarterly dividend, which was distributed on December 31st. Shareholders who were on record by December 17th received a dividend payment of $0.50 per share. This equates to an annualized dividend of $2.00, with a yield of 3.71%. This is an increase from the prior quarterly dividend of $0.48. The ex-dividend date was also noted as December 17th, and the company’s dividend payout ratio currently stands at 72.73%.

Analyst Ratings and Insights

Several analysts have recently revised their ratings and price targets for Fidelity National Financial. Barclays raised its price target from $56.00 to $59.00, maintaining an "equal weight" rating. Deutsche Bank upgraded their recommendation from "hold" to "buy" and increased the price target from $76.00 to $77.00. Truist Financial also raised their price target from $64.00 to $70.00 with a "buy" rating. However, Keefe, Bruyette & Woods reduced their target from $64.00 to $63.00, stating a "market perform" rating. Currently, three analysts recommend holding the stock, while another three analysts advocate buying, leading to an average analyst rating of "Moderate Buy" and a consensus price target of $66.40.

Hedge Fund Activity

Institutional investor activity has been noteworthy in Fidelity National Financial. Charles Schwab Investment Management enhanced its stake in the company by 3.7% during the third quarter, now holding over 8 million shares valued at $498 million. Geode Capital Management also increased its holdings by 1.6%, owning approximately 4.46 million shares worth about $276 million. Similarly, Dimensional Fund Advisors grew their position by 2.3%, now holding around 3.43 million shares valued at $169 million. Overall, approximately 81.17% of Fidelity National Financial's stock is owned by various hedge funds and institutional investors.

Company Overview

Fidelity National Financial, Inc. offers a variety of insurance products across the United States through its subsidiaries. The company operates in segments including Title, F&G, and Corporate and Other. Their offerings cover title insurance, escrow services, and other related services such as trust activities, trustee sales guarantees, and home warranty products.

Fidelity, Financial, Director