Vanguard Group Inc. Decreases Stock Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Vanguard Group Inc. reduced its position in Fidelity National Financial, Inc. (NYSE:FNF) by 3.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 26,146,970 shares of the financial services provider’s stock after selling 826,650 shares during the period. Vanguard Group Inc. owned approximately 0.10% of Fidelity National Financial worth $1,334,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Nomura Asset Management Co. Ltd. increased its position in Fidelity National Financial by 0.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 66,445 shares of the financial services provider’s stock worth $3,390,000 after buying an additional 196 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in shares of Fidelity National Financial by 7.6% in the fourth quarter. Global Retirement Partners LLC now owns 3,012 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 212 shares during the period. Hunter Associates Investment Management LLC boosted its holdings in shares of Fidelity National Financial by 0.3% in the fourth quarter. Hunter Associates Investment Management LLC now owns 77,198 shares of the financial services provider’s stock worth $3,940,000 after acquiring an additional 255 shares during the period. Linden Thomas Advisory Services LLC boosted its holdings in shares of Fidelity National Financial by 1.7% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 16,046 shares of the financial services provider’s stock worth $819,000 after acquiring an additional 271 shares during the period. Finally, Gilbert & Cook Inc. boosted its holdings in shares of Fidelity National Financial by 5.0% in the fourth quarter. Gilbert & Cook Inc. now owns 6,118 shares of the financial services provider’s stock worth $312,000 after acquiring an additional 293 shares during the period. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Up 0.5 %

FNF opened at $49.15 on Thursday. The company has a market cap of $13.43 billion, a P/E ratio of 16.17 and a beta of 1.35. The business’s 50-day moving average price is $50.22 and its 200-day moving average price is $50.20. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a 12 month low of $33.61 and a 12 month high of $53.96.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.08). Fidelity National Financial had a net margin of 6.55% and a return on equity of 14.24%. The business had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $2.72 billion. During the same quarter in the prior year, the firm earned $0.52 EPS. The firm’s revenue for the quarter was up 33.3% on a year-over-year basis. On average, equities analysts expect that Fidelity National Financial, Inc. will post 4.67 EPS for the current year.

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.92 dividend on an annualized basis and a yield of 3.91%. Fidelity National Financial’s dividend payout ratio is presently 63.16%.

Insider Activity at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 3,000 shares of Fidelity National Financial stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $50.64, for a total transaction of $151,920.00. Following the sale, the director now directly owns 14,906 shares of the company’s stock, valued at approximately $754,839.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Anthony Park sold 85,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $50.82, for a total value of $4,319,700.00. Following the sale, the chief financial officer now directly owns 99,049 shares of the company’s stock, valued at approximately $5,033,670.18. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Halim Dhanidina sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $50.64, for a total value of $151,920.00. Following the completion of the sale, the director now directly owns 14,906 shares in the company, valued at $754,839.84. The disclosure for this sale can be found here. 5.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

FNF has been the subject of a number of analyst reports. Truist Financial raised their price target on Fidelity National Financial from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Stephens raised their price target on Fidelity National Financial from $59.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, May 10th. Barclays raised their price target on Fidelity National Financial from $52.00 to $56.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods lowered their price target on Fidelity National Financial from $56.00 to $55.00 and set a “market perform” rating on the stock in a research report on Monday, May 13th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $55.80.

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.