Fidelity National Financial, Inc. (NYSE:FNF) Stock Holdings Lowered by Foster & Motley Inc.

Foster & Motley Inc. reduced its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 1.2% during the fourth quarter, Holdings Channel reports. The firm owned 59,533 shares of the financial services provider’s stock after selling 720 shares during the period. Foster & Motley Inc.’s holdings in Fidelity National Financial were worth $3,037,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Principal Financial Group Inc. raised its holdings in shares of Fidelity National Financial by 7.7% during the third quarter. Principal Financial Group Inc. now owns 6,686,401 shares of the financial services provider’s stock valued at $276,143,000 after acquiring an additional 477,493 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Fidelity National Financial by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,020,265 shares of the financial services provider’s stock valued at $248,637,000 after acquiring an additional 86,446 shares during the period. First Eagle Investment Management LLC raised its holdings in shares of Fidelity National Financial by 34.8% during the third quarter. First Eagle Investment Management LLC now owns 5,942,081 shares of the financial services provider’s stock valued at $245,408,000 after acquiring an additional 1,535,401 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Fidelity National Financial by 62.7% during the third quarter. Bank of New York Mellon Corp now owns 3,061,024 shares of the financial services provider’s stock valued at $126,420,000 after acquiring an additional 1,179,506 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Fidelity National Financial by 41.9% during the third quarter. Northern Trust Corp now owns 2,364,867 shares of the financial services provider’s stock valued at $97,669,000 after acquiring an additional 698,322 shares during the period. 81.17% of the stock is currently owned by institutional investors.

Fidelity National Financial Stock Up 0.3 %

Shares of NYSE FNF opened at $49.57 on Tuesday. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.52. The company has a market cap of $13.54 billion, a price-to-earnings ratio of 25.90 and a beta of 1.34. Fidelity National Financial, Inc. has a 12 month low of $32.02 and a 12 month high of $53.96. The stock has a 50-day moving average price of $50.79 and a two-hundred day moving average price of $47.62.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, February 21st. The financial services provider reported $0.75 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.27). The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $2.80 billion. Fidelity National Financial had a net margin of 4.40% and a return on equity of 13.91%. During the same quarter in the previous year, the company earned $1.06 earnings per share. As a group, analysts forecast that Fidelity National Financial, Inc. will post 4.81 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.48 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.92 annualized dividend and a dividend yield of 3.87%. Fidelity National Financial’s dividend payout ratio is currently 100.52%.

Insider Buying and Selling

In other news, Director Cary H. Thompson sold 23,410 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $51.11, for a total value of $1,196,485.10. Following the completion of the transaction, the director now directly owns 40,317 shares in the company, valued at $2,060,601.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on FNF shares. Keefe, Bruyette & Woods upped their price objective on shares of Fidelity National Financial from $54.00 to $56.00 and gave the company a “market perform” rating in a research note on Thursday, March 21st. Barclays upped their price objective on shares of Fidelity National Financial from $52.00 to $56.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Truist Financial boosted their target price on shares of Fidelity National Financial from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Fidelity National Financial in a report on Wednesday, January 10th. They issued a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Fidelity National Financial has a consensus rating of “Hold” and an average target price of $54.20.

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.