Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by American Century Companies Inc.

American Century Companies Inc. cut its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 26.1% in the 2nd quarter, HoldingsChannel reports. The fund owned 180,877 shares of the financial services provider’s stock after selling 63,946 shares during the period. American Century Companies Inc.’s holdings in Fidelity National Financial were worth $8,939,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new position in shares of Fidelity National Financial in the 2nd quarter valued at approximately $26,000. V Square Quantitative Management LLC bought a new stake in Fidelity National Financial during the fourth quarter valued at $27,000. New Covenant Trust Company N.A. acquired a new position in shares of Fidelity National Financial in the 1st quarter valued at about $30,000. Mather Group LLC. bought a new stake in shares of Fidelity National Financial during the 1st quarter valued at about $31,000. Finally, Covestor Ltd raised its stake in Fidelity National Financial by 109.0% during the first quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 303 shares during the period. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on FNF. Deutsche Bank Aktiengesellschaft increased their price target on Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Stephens reissued an “overweight” rating and set a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. Keefe, Bruyette & Woods boosted their target price on Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a report on Wednesday, September 4th. StockNews.com lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, Truist Financial lifted their target price on shares of Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $61.80.

Insider Transactions at Fidelity National Financial

In related news, Director Halim Dhanidina sold 1,700 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total value of $103,445.00. Following the completion of the sale, the director now directly owns 13,206 shares in the company, valued at approximately $803,585.10. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.20% of the stock is currently owned by corporate insiders.

Fidelity National Financial Stock Performance

FNF stock opened at $60.95 on Monday. The firm has a 50 day simple moving average of $56.83 and a 200 day simple moving average of $52.63. Fidelity National Financial, Inc. has a 52 week low of $37.10 and a 52 week high of $62.00. The stock has a market cap of $16.65 billion, a P/E ratio of 20.05 and a beta of 1.36. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.23 and a current ratio of 0.23.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $1.24 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.03). Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The company had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the prior year, the firm earned $1.01 earnings per share. The company’s revenue was up 2.9% on a year-over-year basis. Research analysts anticipate that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a $0.48 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.15%. Fidelity National Financial’s dividend payout ratio is currently 63.16%.

Fidelity National Financial Company Profile

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.