Fidelity National Financial, Inc. (NYSE:FNF) Holdings Cut by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 2.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,994,433 shares of the financial services provider’s stock after selling 187,121 shares during the quarter. Fidelity National Financial comprises about 0.5% of Victory Capital Management Inc.’s investment portfolio, making the stock its 25th biggest holding. Victory Capital Management Inc.’s holdings in Fidelity National Financial were worth $496,135,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in Fidelity National Financial during the third quarter valued at about $32,000. Opal Wealth Advisors LLC acquired a new stake in Fidelity National Financial during the 2nd quarter worth approximately $26,000. New Covenant Trust Company N.A. bought a new position in shares of Fidelity National Financial during the first quarter worth about $30,000. Covestor Ltd lifted its position in Fidelity National Financial by 109.0% during the 1st quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock worth $31,000 after buying an additional 303 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in Fidelity National Financial by 280.6% during the third quarter. UMB Bank n.a. now owns 685 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 505 shares during the period. 81.17% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total value of $103,445.00. Following the completion of the sale, the director now owns 13,206 shares in the company, valued at approximately $803,585.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.20% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on FNF. StockNews.com lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Barclays boosted their price target on shares of Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft boosted their price objective on Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Stephens reiterated an “overweight” rating and set a $63.00 target price on shares of Fidelity National Financial in a research report on Thursday, August 15th. Finally, Keefe, Bruyette & Woods raised their price objective on Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a research note on Wednesday, September 4th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $63.60.

Fidelity National Financial Stock Up 0.3 %

Fidelity National Financial stock traded up $0.17 during midday trading on Tuesday, reaching $60.35. The company’s stock had a trading volume of 128,098 shares, compared to its average volume of 1,208,137. The company has a debt-to-equity ratio of 0.52, a current ratio of 39.51 and a quick ratio of 0.23. Fidelity National Financial, Inc. has a 52-week low of $43.11 and a 52-week high of $62.97. The stock has a market capitalization of $16.50 billion, a P/E ratio of 21.88 and a beta of 1.37. The stock’s 50-day simple moving average is $60.33 and its 200-day simple moving average is $55.16.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a net margin of 5.57% and a return on equity of 14.08%. Fidelity National Financial’s revenue was up 29.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.23 EPS. On average, sell-side analysts expect that Fidelity National Financial, Inc. will post 4.53 EPS for the current year.

Fidelity National Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.31%. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, December 17th. Fidelity National Financial’s dividend payout ratio (DPR) is 69.82%.

Fidelity National Financial 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.