Sandra Douglass Morgan, a director at Fidelity National Financial , Inc. (NYSE:FNF), a $15.4 billion market cap company with a "GOOD" financial health rating according to InvestingPro, recently sold a portion of her holdings in the company. The transaction, which took place on December 24, 2024, involved the sale of 2,092 shares of common stock at a price of $56.33 per share, amounting to a total of $117,842. Following this sale, Morgan retains ownership of 32,386 shares in the company. The transaction was executed under a pre-arranged trading plan. Notably, FNF maintains a solid 3.51% dividend yield and has raised its dividend for 13 consecutive years. For deeper insights into FNF's valuation and growth prospects, including 6 additional ProTips, check out the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Fidelity National Financial, Inc. reported robust Q3 2024 earnings. Despite market challenges, the company's title business registered pre-tax earnings of $323 million, total revenue reached $3.6 billion, and net earnings stood at $266 million. Fidelity National's subsidiary, F&G, also reported record assets under management and significant sales growth.
Truist Securities recently updated its outlook on Fidelity National, increasing the stock's price target from $64.00 to $70.00, while maintaining a Buy rating. The firm revised its 2024 EPS estimate to $4.47, a slight decrease from the previous forecast, but raised the 2025 EPS forecast to $5.80 from $5.65, indicating a positive outlook for the company's performance in the longer term.
In another development, analyst firm Stephens upgraded the price target on Fidelity National's shares to $68 from the previous $63, maintaining an Overweight rating. The upgrade reflects confidence in the company's strong performance and future potential, particularly as the housing and mortgage market approaches a recovery phase.
These recent developments underscore Fidelity National's operational strength and ability to manage market headwinds effectively. The company maintains a strong balance sheet, with $822 million in cash and $4.2 billion in consolidated debt, focusing on dividends, acquisitions, and technology investments.
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