Fidelity National Financial (NYSE:FNF) Director Daniel Lane Sells 6,367 Shares

Fidelity National Financial, Inc. (NYSE:FNF) Director Daniel Lane sold 6,367 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $57.63, for a total transaction of $366,930.21. Following the sale, the director directly owned 276,308 shares in the company, valued at approximately $15,923,630.04. The trade was a 2.25% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Fidelity National Financial Stock Performance

FNF stock traded up $0.59 on Tuesday, hitting $57.76. The company’s stock had a trading volume of 1,157,969 shares, compared to its average volume of 1,457,289. The stock has a market cap of $15.66 billion, a price-to-earnings ratio of 14.66 and a beta of 1.05. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50. The firm has a 50 day moving average of $57.63 and a two-hundred day moving average of $57.27. Fidelity National Financial, Inc. has a 1 year low of $50.61 and a 1 year high of $66.72.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Thursday, July 13th. The financial services provider reported $0.76 earnings per share for the quarter. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%.The company had revenue of $3.17 billion for the quarter. Equities analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 17th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Wednesday, December 17th. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.50. Fidelity National Financial’s dividend payout ratio is currently 48.37%.

Institutional Investors Weigh In On Fidelity National Financial

A number of institutional investors have recently bought and sold shares of the business. Gilbert & Cook Inc. grew its position in Fidelity National Financial by 3.0% in the first quarter. Gilbert & Cook Inc. now owns 5,814 shares of the financial services provider’s stock valued at $378,000 after acquiring an additional 168 shares during the period. Journey Strategic Wealth LLC increased its stake in shares of Fidelity National Financial by 1.2% in the first quarter. Journey Strategic Wealth LLC now owns 14,482 shares of the financial services provider’s stock valued at $943,000 after buying an additional 175 shares in the last quarter. Commerce Bank raised its holdings in shares of Fidelity National Financial by 3.1% in the first quarter. Commerce Bank now owns 5,977 shares of the financial services provider’s stock valued at $389,000 after buying an additional 177 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its position in 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 buying an additional 197 shares in the last quarter. Finally, Islay Capital Management LLC lifted its position in Fidelity National Financial by 2.3% during the 2nd quarter. Islay Capital Management LLC now owns 8,865 shares of the financial services provider’s stock worth $497,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Wall Street Analysts Forecast Growth

FNF has been the subject of a number of recent analyst reports. Barclays restated a “cautious” rating on shares of Fidelity National Financial in a report on Monday, October 6th. Stephens began coverage on Fidelity National Financial in a report on Friday. They set an “overweight” rating on the stock. Keefe, Bruyette & Woods upped their price target on shares of Fidelity National Financial from $69.00 to $70.00 and gave the company an “outperform” rating in a report on Monday, November 10th. National Bankshares set a $64.00 target price on Fidelity National Financial in a report on Monday, October 6th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Fidelity National Financial in a report on Thursday. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $70.00.

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.