Fidelity National Financial, Inc. $FNF Shares Sold by Cooke & Bieler LP

Cooke & Bieler LP decreased its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 25.7% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,543,952 shares of the financial services provider’s stock after selling 1,226,822 shares during the period. Fidelity National Financial accounts for approximately 2.0% of Cooke & Bieler LP’s portfolio, making the stock its 12th biggest position. Cooke & Bieler LP’s holdings in Fidelity National Financial were worth $136,974,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in FNF. Avidian Wealth Enterprises LLC grew its position in Fidelity National Financial by 5.4% in the third quarter. Avidian Wealth Enterprises LLC now owns 5,255 shares of the financial services provider’s stock valued at $203,000 after purchasing an additional 267 shares in the last quarter. Sage Rhino Capital LLC increased its stake in Fidelity National Financial by 8.8% in the 1st quarter. Sage Rhino Capital LLC now owns 4,325 shares of the financial services provider’s stock valued at $201,000 after buying an additional 351 shares during the last quarter. CWS Financial Advisors LLC increased its stake in Fidelity National Financial by 4.7% in the 1st quarter. CWS Financial Advisors LLC now owns 8,048 shares of the financial services provider’s stock valued at $373,000 after buying an additional 361 shares during the last quarter. Focused Alpha LLC lifted its position in Fidelity National Financial by 4.8% during the 3rd quarter. Focused Alpha LLC now owns 8,928 shares of the financial services provider’s stock worth $345,000 after buying an additional 405 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in Fidelity National Financial by 6.3% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 8,476 shares of the financial services provider’s stock worth $400,000 after buying an additional 504 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Wall Street Analyst Weigh In

FNF has been the subject of a number of recent research reports. Stephens reduced their price objective on shares of Fidelity National Financial from $55.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday. Zacks Research upgraded Fidelity National Financial from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 26th. Barclays lowered their target price on Fidelity National Financial from $54.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Monday, October 5th. Truist Financial dropped their target price on Fidelity National Financial from $70.00 to $59.00 and set a “buy” rating on the stock in a report on Thursday, October 15th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Fidelity National Financial in a report on Tuesday, September 8th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Fidelity National Financial presently has an average rating of “Moderate Buy” and a consensus price target of $54.20.

Fidelity National Financial Trading Up 0.3%

Shares of Fidelity National Financial stock opened at $40.62 on Thursday. The stock has a market cap of $10.89 billion, a P/E ratio of 7.64, a P/E/G ratio of 0.62 and a beta of 0.94. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a 12-month low of $37.88 and a 12-month high of $60.37. The business’s 50 day moving average is $43.41 and its 200-day moving average is $47.05.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, August 5th. The financial services provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.08. Fidelity National Financial had a net margin of 5.03% and a return on equity of 16.07%. The business had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $3.79 billion. During the same period last year, the business earned $1.16 earnings per share. The firm’s revenue was up 11.4% on a year-over-year basis. Equities research analysts predict that Fidelity National Financial, Inc. will post 5.05 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend was Wednesday, September 16th. Fidelity National Financial’s dividend payout ratio is 73.50%.

Fidelity National Financial Company Profile

Fidelity National Financial, Inc (NYSE:FNF) is a provider of title insurance and transaction services in the United States. Through its title insurance businesses, the company protects property buyers, lenders and other parties against certain risks associated with real estate ownership and transfers. Its services include title searches, title examinations, escrow and closing services, and related technology and transaction-support solutions.

FNF operates through a group of title insurance brands, including Fidelity National Title, Chicago Title, Commonwealth Land Title and Alamo Title.