Morgan, Fidelity National’s CFO, sells $117,842 worth of stock By Investing.com

Sandra Douglas Morgan, Director at Fidelity National Finance ,Inc. (NYSE:), a company with a market cap of $15.4 billion and a financial health rating of “good” according to InvestingProShe recently sold part of her holdings in the company. The transaction, which occurred on December 24, 2024, included 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 in the company. The transaction was executed according to a pre-prepared trading plan. Notably, FNF maintains a strong dividend yield of 3.51% and has raised its dividend for 13 consecutive years. For deeper insights into FNF’s valuation and growth prospects, including 6 additional ProTips, see the comprehensive Pro Research report available at InvestingPro.

In other recent news, Fidelity National Financial, Inc. announced… reported strong earnings for the third quarter of 2024. Despite market challenges, the company’s proprietary business reported pre-tax earnings of $323 million, total revenue was $3.6 billion, and net earnings were $266 million. Fidelity National’s F&G subsidiary also reported record assets under management and significant sales growth.

Truist Securities recently updated its outlook on Fidelity National, increasing its 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, a slight decline from previous forecasts, but raised its 2025 EPS forecast to $5.80 from $5.65, indicating a positive outlook 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, while maintaining an overweight rating. This upgrade reflects confidence in the company’s strong performance and future potential, especially as the housing and mortgage market approaches the recovery phase.

These latest 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, with a focus on dividends, acquisitions and technology investments.

This article was created with the power of artificial intelligence and reviewed by an editor. For more information, see our terms and conditions.