Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Lido Advisors LLC

Lido Advisors LLC cut its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 15.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 6,943 shares of the financial services provider’s stock after selling 1,247 shares during the period. Lido Advisors LLC’s holdings in Fidelity National Financial were worth $250,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of Fidelity National Financial by 11.8% in the first quarter. BlackRock Inc. now owns 39,705,332 shares of the financial services provider’s stock valued at $1,386,907,000 after buying an additional 4,189,896 shares in the last quarter. Norges Bank bought a new position in Fidelity National Financial during the 4th quarter worth approximately $112,133,000. Cooke & Bieler LP lifted its holdings in shares of Fidelity National Financial by 32.9% in the 1st quarter. Cooke & Bieler LP now owns 6,424,283 shares of the financial services provider’s stock worth $224,400,000 after purchasing an additional 1,591,205 shares during the last quarter. River Road Asset Management LLC lifted its holdings in shares of Fidelity National Financial by 646.7% in the 2nd quarter. River Road Asset Management LLC now owns 1,795,558 shares of the financial services provider’s stock worth $64,640,000 after purchasing an additional 1,555,089 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Fidelity National Financial by 4.5% in the 1st quarter. Vanguard Group Inc. now owns 28,877,107 shares of the financial services provider’s stock worth $1,410,358,000 after purchasing an additional 1,250,233 shares during the last quarter. 77.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Fidelity National Financial

In related news, CEO Michael Joseph Nolan sold 30,000 shares of Fidelity National Financial stock in a transaction on Monday, September 11th. The stock was sold at an average price of $43.12, for a total transaction of $1,293,600.00. Following the completion of the sale, the chief executive officer now owns 354,786 shares of the company’s stock, valued at $15,298,372.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 5.40% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on FNF. Barclays began coverage on Fidelity National Financial in a research report on Wednesday, November 15th. They issued an “equal weight” rating and a $44.00 target price on the stock. Truist Financial lifted their price target on Fidelity National Financial from $52.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. Keefe, Bruyette & Woods cut Fidelity National Financial from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $45.00 to $43.00 in a report on Monday, October 2nd. BTIG Research lifted their target price on Fidelity National Financial from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, August 9th. Finally, TheStreet upgraded Fidelity National Financial from a “c+” rating to a “b” rating in a report on Wednesday, August 9th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Fidelity National Financial has an average rating of “Moderate Buy” and a consensus price target of $48.00.

Fidelity National Financial Stock Performance

Shares of Fidelity National Financial stock opened at $45.47 on Tuesday. The stock has a market cap of $12.38 billion, a PE ratio of 18.87 and a beta of 1.29. The business has a fifty day simple moving average of $41.02 and a 200-day simple moving average of $38.67. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.56. Fidelity National Financial, Inc. has a 12 month low of $31.84 and a 12 month high of $45.74.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Tuesday, November 7th. The financial services provider reported $1.23 EPS for the quarter, topping the consensus estimate of $1.13 by $0.10. The business had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Fidelity National Financial had a return on equity of 15.99% and a net margin of 6.01%. Fidelity National Financial’s revenue was down 13.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.07 earnings per share. On average, sell-side analysts anticipate that Fidelity National Financial, Inc. will post 3.69 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.48 per share. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.45. The ex-dividend date is Thursday, December 14th. This represents a $1.92 dividend on an annualized basis and a yield of 4.22%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 79.67%.

Fidelity National Financial Company Profile

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.