Bank of New York Mellon Corp Has $164.82 Million Stock Position in Fidelity National Financial, Inc. $FNF

Bank of New York Mellon Corp cut its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 3.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,724,665 shares of the financial services provider’s stock after selling 86,865 shares during the quarter. Bank of New York Mellon Corp owned 1.00% of Fidelity National Financial worth $164,815,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its position in 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 in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Fidelity National Financial by 141.9% during the 1st 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 during the period. Janney Montgomery Scott LLC grew its holdings in shares of Fidelity National Financial by 20.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 34,941 shares of the financial services provider’s stock valued at $1,959,000 after acquiring an additional 6,040 shares in the last quarter. Truist Financial Corp increased its stake 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 worth $4,955,000 after acquiring an additional 1,977 shares during the last quarter. Finally, Woodward Diversified Capital LLC purchased a new stake in shares of Fidelity National Financial during the second quarter worth $269,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, Director Daniel D. Lane sold 6,367 shares of the company’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 completion of the sale, the director directly owned 276,308 shares in the company, valued at $15,923,630.04. This represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Halim Dhanidina sold 6,000 shares of Fidelity National Financial stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $55.90, for a total value of $335,400.00. Following the completion of the transaction, the director owned 13,186 shares in the company, valued at $737,097.40. The trade was a 31.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 5.50% of the stock is owned by corporate insiders.

Fidelity National Financial Stock Down 0.2%

FNF opened at $54.37 on Friday. The firm has a market cap of $15.29 billion, a P/E ratio of 13.11, a price-to-earnings-growth ratio of 0.69 and a beta of 1.00. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.25 and a current ratio of 0.25. The business has a 50 day moving average price of $55.73 and a 200 day moving average price of $57.13. Fidelity National Financial, Inc. has a twelve month low of $50.61 and a twelve month high of $66.72.

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

Fidelity National Financial Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Weiss Ratings restated a “buy (b-)” rating on shares of Fidelity National Financial in a research note on Monday, December 29th. Barclays reduced their price target on Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating for the company in a report on Tuesday, January 6th. Keefe, Bruyette & Woods increased their price objective on Fidelity National Financial from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, December 18th. Wall Street Zen cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Monday, January 26th. Finally, National Bankshares set a $63.00 price target on shares of Fidelity National Financial in a research note on Tuesday, January 6th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.25.

Fidelity National Financial Company Profile

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.