Nisa Investment Advisors LLC Sells 700 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Nisa Investment Advisors LLC cut its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 2.0% in the third quarter, HoldingsChannel reports. The firm owned 34,985 shares of the financial services provider’s stock after selling 700 shares during the period. Nisa Investment Advisors LLC’s holdings in Fidelity National Financial were worth $2,171,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new position in shares of Fidelity National Financial during the 2nd quarter valued at about $26,000. New Covenant Trust Company N.A. bought a new stake in Fidelity National Financial during the first quarter worth approximately $30,000. Covestor Ltd grew its holdings in Fidelity National Financial by 109.0% during the first quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 303 shares during the last quarter. Salomon & Ludwin LLC raised its position in shares of Fidelity National Financial by 231.0% in the first quarter. Salomon & Ludwin LLC now owns 609 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 425 shares during the period. Finally, International Assets Investment Management LLC bought a new position in shares of Fidelity National Financial in the second quarter valued at approximately $35,000. 81.17% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total transaction of $103,445.00. Following the completion of the transaction, the director now directly owns 13,206 shares of the company’s stock, valued at approximately $803,585.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.20% of the company’s stock.

Fidelity National Financial Trading Down 2.3 %

Shares of FNF opened at $58.80 on Friday. The stock’s 50-day moving average price is $60.21 and its 200 day moving average price is $54.67. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $16.08 billion, a price-to-earnings ratio of 17.55 and a beta of 1.37. Fidelity National Financial, Inc. has a 12-month low of $40.35 and a 12-month high of $62.97.

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

Wall Street Analysts Forecast Growth

FNF has been the subject of several recent analyst reports. StockNews.com downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Keefe, Bruyette & Woods upped their price target on shares of Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a report on Wednesday, September 4th. Barclays lifted their price objective on Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft increased their target price on Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Finally, Truist Financial lifted their price target on 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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $62.40.

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.