Sandra Douglass Morgan, director at Fidelity National Financial Inch. (NYSE: ), a $15.4 billion market cap company with a “GOOD” financial health rating by InvestingProshe recently sold part of her stake 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, for a total of $117,842. Following this sale, Morgan retains ownership of 32,386 shares of the company. The transaction was executed according to a pre-agreed trading plan. Namely, FNF maintains a solid 3.51% dividend yield and has increased its dividend for 13 consecutive years. For an in-depth look at FNF’s valuation and growth prospects, including 6 additional ProTips, see the extensive Pro Research Report available at InvestingPro.
In other recent news, Fidelity National Financial, Inc. reported strong earnings in the third quarter of 2024. Despite market challenges, the company’s headline business recorded pretax earnings of $323 million, total revenue reached $3.6 billion, and net income reached $266 million. Fidelity National’s subsidiary, F&G, also reported record assets under management and significant sales growth.
Truist Securities recently updated their outlook on Fidelity National, increasing their price target on the stock from $64.00 to $70.00, while maintaining a Buy rating. The company revised its 2024 EPS estimate to $4.47, down slightly from its previous forecast, but raised its 2025 EPS forecast to $5.80 from $5.65, indicating positive prospects for the company’s long-term performance.
In another development, analyst firm Stephens raised its price target on Fidelity National shares to $68 from $63 previously, maintaining an Overweight rating. The upgrade reflects confidence in the company’s strong performance and future potential, particularly as the real estate and mortgage markets approach a recovery phase.
These recent developments underscore Fidelity National’s operational strength and ability to effectively manage market headwinds. 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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