Dhanidina Halim, a director at Fidelity National Financial , Inc. (NYSE:FNF), a $14.77 billion market cap company, recently sold a portion of the company's common stock. According to an SEC filing, Halim sold 2,800 shares on January 10, 2025, at a price of $54.85 per share, totaling $153,580. The sale price was slightly above the current trading price of $53.97. Following this transaction, Halim holds 16,716 shares in the company. The sale was reported by Colleen E. Haley, acting as attorney-in-fact, on January 13, 2025. InvestingPro analysis shows FNF has maintained dividend increases for 13 consecutive years, with analyst price targets ranging from $61 to $77. Get access to more exclusive insights and detailed insider trading analysis with InvestingPro's comprehensive research reports.
In other recent news, Fidelity National Financial Inc. posted impressive Q3 2024 earnings with pre-tax earnings of $323 million from its title business and total revenue reaching $3.6 billion. Despite the challenging market, the company's subsidiary, F&G, reported record assets under management and significant sales growth. Deutsche Bank (ETR:DBKGn) analysts have upgraded Fidelity National's stock rating from Hold to Buy, anticipating positive impacts from the company's strategic decision to spin off its interest in F&G in 2025. Truist Securities and Stephens have also shown confidence in Fidelity National's performance and future potential, raising their respective price targets for the company. These are recent developments that highlight Fidelity National's ability to effectively manage market headwinds and maintain a strong financial position. The company upholds a balanced capital allocation strategy focusing on dividends, acquisitions, and technology investments, preparing it for potential benefits from future rate decreases.
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