Fidelity National Financial, Inc. $FNF Shares Sold by Strs Ohio

Strs Ohio trimmed its position in Fidelity National Financial, Inc. (NYSE:FNF) by 85.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,216 shares of the financial services provider’s stock after selling 35,390 shares during the period. Strs Ohio’s holdings in Fidelity National Financial were worth $376,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of FNF. Goldman Sachs Group Inc. lifted its holdings in shares of Fidelity National Financial by 8.1% during the first quarter. Goldman Sachs Group Inc. now owns 629,616 shares of the financial services provider’s stock valued at $40,975,000 after purchasing an additional 47,267 shares during the last quarter. Acadian Asset Management LLC raised its holdings in Fidelity National Financial by 141.9% during the first quarter. Acadian Asset Management LLC now owns 14,478 shares of the financial services provider’s stock valued at $941,000 after buying an additional 8,494 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Fidelity National Financial by 20.9% in the second quarter. Janney Montgomery Scott LLC now owns 34,941 shares of the financial services provider’s stock valued at $1,959,000 after purchasing an additional 6,040 shares during the period. Truist Financial Corp grew its position in shares of Fidelity National Financial by 2.3% in the second quarter. Truist Financial Corp now owns 88,381 shares of the financial services provider’s stock valued at $4,955,000 after purchasing an additional 1,977 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of Fidelity National Financial by 342.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 275,668 shares of the financial services provider’s stock worth $15,454,000 after acquiring an additional 213,411 shares during the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Stock Performance

FNF stock opened at $54.37 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.47. The business’s 50-day moving average price is $55.73 and its two-hundred day moving average price is $57.16. Fidelity National Financial, Inc. has a 1-year low of $50.61 and a 1-year high of $66.72. The firm has a market cap of $15.29 billion, a PE ratio of 13.11, a P/E/G ratio of 0.69 and a beta of 1.00.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Monday, November 10th. The financial services provider reported $1.63 EPS for the quarter, topping the consensus estimate of $1.43 by $0.20. Fidelity National Financial had a net margin of 8.34% and a return on equity of 15.06%. The firm had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same period last year, the company posted $1.30 EPS. The business’s quarterly revenue was up 11.9% on a year-over-year basis. As a group, research analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $2.08 annualized dividend and a dividend yield of 3.8%. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.50. Fidelity National Financial’s dividend payout ratio (DPR) is 50.12%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. National Bankshares set a $63.00 target price on Fidelity National Financial in a research report on Tuesday, January 6th. Wall Street Zen downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Monday, January 26th. Barclays decreased their price objective on shares of Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Fidelity National Financial in a research report on Monday, December 29th. Finally, Stephens assumed coverage on shares of Fidelity National Financial in a research note on Friday, November 14th. They issued an “overweight” rating on the stock. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $68.25.

Insider Buying and Selling at Fidelity National Financial

In other Fidelity National Financial news, Director Daniel D. Lane sold 6,367 shares of the business’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $57.63, for a total transaction of $366,930.21. Following the sale, the director directly owned 276,308 shares of the company’s stock, valued at $15,923,630.04. The trade was a 2.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Halim Dhanidina sold 6,000 shares of Fidelity National Financial stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $55.90, for a total value of $335,400.00. Following the completion of the sale, the director directly owned 13,186 shares in the company, valued at approximately $737,097.40. This represents a 31.27% decrease in their position. The SEC filing for this sale provides additional information. 5.50% of the stock is currently owned by insiders.

About Fidelity National Financial

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.