American International Group Inc. Decreases Position in Fidelity National Financial, Inc. (NYSE:FNF)

American International Group Inc. lowered its stake in shares of Fidelity National Financial, Inc. (NYSE:FNFFree Report) by 4.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 349,249 shares of the financial services provider’s stock after selling 15,051 shares during the quarter. American International Group Inc. owned 0.13% of Fidelity National Financial worth $17,819,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of FNF. First Eagle Investment Management LLC grew its position in shares of Fidelity National Financial by 2.9% during the fourth quarter. First Eagle Investment Management LLC now owns 6,113,602 shares of the financial services provider’s stock worth $311,916,000 after buying an additional 171,521 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Fidelity National Financial by 195.2% in the fourth quarter. Victory Capital Management Inc. now owns 4,261,568 shares of the financial services provider’s stock valued at $217,425,000 after buying an additional 2,818,001 shares during the last quarter. Northern Trust Corp raised its stake in Fidelity National Financial by 41.9% in 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 buying an additional 698,322 shares in the last quarter. Legal & General Group Plc lifted its holdings in Fidelity National Financial by 6.4% during the 3rd quarter. Legal & General Group Plc now owns 1,930,540 shares of the financial services provider’s stock worth $79,731,000 after buying an additional 116,393 shares during the last quarter. Finally, AustralianSuper Pty Ltd boosted its position in shares of Fidelity National Financial by 14.0% during the 4th quarter. AustralianSuper Pty Ltd now owns 1,570,956 shares of the financial services provider’s stock worth $80,150,000 after acquiring an additional 193,050 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Stock Performance

FNF stock traded down $0.25 on Friday, hitting $48.28. The company’s stock had a trading volume of 749,412 shares, compared to its average volume of 779,536. The stock has a market cap of $13.19 billion, a price-to-earnings ratio of 15.88 and a beta of 1.35. The firm has a 50 day moving average of $50.35 and a two-hundred day moving average of $50.07. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a 1 year low of $33.61 and a 1 year high of $53.96.

Fidelity National Financial (NYSE:FNFGet Free Report) last announced its earnings results on Wednesday, May 8th. The financial services provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.08). The business had revenue of $3.30 billion for the quarter, compared to analyst estimates of $2.72 billion. Fidelity National Financial had a return on equity of 14.24% and a net margin of 6.55%. Fidelity National Financial’s quarterly revenue was up 33.3% on a year-over-year basis. During the same quarter last year, the company posted $0.52 EPS. Equities analysts predict that Fidelity National Financial, Inc. will post 4.67 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.98%. The ex-dividend date is Friday, June 14th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 63.16%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FNF. Stephens raised their target price on Fidelity National Financial from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, May 10th. Barclays boosted their price objective on shares of Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Truist Financial increased their target price on shares of Fidelity National Financial from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Fidelity National Financial from $56.00 to $55.00 and set a “market perform” rating for the company in a research report on Monday, May 13th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $55.80.

Read Our Latest Report on Fidelity National Financial

Insider Buying and Selling

In other news, CFO Anthony Park sold 85,000 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $50.82, for a total value of $4,319,700.00. Following the completion of the sale, the chief financial officer now owns 99,049 shares in the company, valued at approximately $5,033,670.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Anthony Park sold 85,000 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $50.82, for a total transaction of $4,319,700.00. Following the transaction, the chief financial officer now directly owns 99,049 shares of the company’s stock, valued at approximately $5,033,670.18. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Halim Dhanidina sold 3,000 shares of the business’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 sale, the director now directly owns 14,906 shares in the company, valued at approximately $754,839.84. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

About Fidelity National Financial

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Fidelity National Financial (NYSE:FNF)

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