Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by LSV Asset Management

LSV Asset Management lowered its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 275,670 shares of the financial services provider’s stock after selling 3,200 shares during the period. LSV Asset Management’s holdings in Fidelity National Financial were worth $14,065,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Baystate Wealth Management LLC raised its position in Fidelity National Financial by 5,300.0% during the 3rd quarter. Baystate Wealth Management LLC now owns 594 shares of the financial services provider’s stock worth $25,000 after buying an additional 583 shares during the last quarter. VisionPoint Advisory Group LLC increased its stake in shares of Fidelity National Financial by 107.0% during the third quarter. VisionPoint Advisory Group LLC now owns 737 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 381 shares during the period. Authentikos Wealth Advisory LLC purchased a new position in Fidelity National Financial during the third quarter worth about $41,000. Orion Capital Management LLC acquired a new stake in Fidelity National Financial in the third quarter valued at about $51,000. Finally, SRS Capital Advisors Inc. boosted its holdings in Fidelity National Financial by 57.9% in the 3rd quarter. SRS Capital Advisors Inc. now owns 1,415 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 519 shares in the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FNF has been the subject of several recent analyst reports. 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 report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Fidelity National Financial in a research report on Wednesday, January 10th. They set a “hold” rating for the company. Keefe, Bruyette & Woods raised their price objective on 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. Finally, Truist Financial lifted their price target on Fidelity National Financial from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $54.20.

Fidelity National Financial Trading Up 0.9 %

Fidelity National Financial stock opened at $51.98 on Tuesday. The stock has a 50-day moving average price of $50.62 and a 200 day moving average price of $48.41. 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 stock has a market cap of $14.20 billion, a PE ratio of 27.21 and a beta of 1.33. Fidelity National Financial, Inc. has a 52 week low of $33.61 and a 52 week high of $53.96.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.27). Fidelity National Financial had a net margin of 4.40% and a return on equity of 13.91%. The company had revenue of $3.43 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period in the prior year, the company earned $1.06 EPS. Equities research analysts predict that Fidelity National Financial, Inc. will post 4.83 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.48 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.92 annualized dividend and a yield of 3.69%. Fidelity National Financial’s payout ratio is 100.52%.

Insiders Place Their Bets

In related news, Director Cary H. Thompson sold 23,410 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $51.11, for a total transaction of $1,196,485.10. Following the completion of the sale, the director now directly owns 40,317 shares of the company’s stock, valued at approximately $2,060,601.87. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Halim Dhanidina sold 3,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $50.64, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Cary H. Thompson sold 23,410 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was 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 owns 40,317 shares in the company, valued at approximately $2,060,601.87. The disclosure for this sale can be found here. 5.40% of the stock is owned by insiders.

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.