Illinois Municipal Retirement Fund Trims Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Illinois Municipal Retirement Fund decreased its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 6.3% during the fourth quarter, Holdings Channel reports. The fund owned 180,868 shares of the financial services provider’s stock after selling 12,239 shares during the period. Illinois Municipal Retirement Fund’s holdings in Fidelity National Financial were worth $9,228,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. CWM LLC grew its stake in shares of Fidelity National Financial by 117.6% in the 3rd quarter. CWM LLC now owns 2,692 shares of the financial services provider’s stock worth $111,000 after buying an additional 1,455 shares during the last quarter. IFP Advisors Inc grew its stake in shares of Fidelity National Financial by 95.3% in the 3rd quarter. IFP Advisors Inc now owns 1,801 shares of the financial services provider’s stock worth $74,000 after buying an additional 879 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Fidelity National Financial by 91.9% in the 3rd quarter. SG Americas Securities LLC now owns 21,811 shares of the financial services provider’s stock worth $901,000 after buying an additional 10,445 shares during the last quarter. GHP Investment Advisors Inc. grew its stake in shares of Fidelity National Financial by 7.6% in the 3rd quarter. GHP Investment Advisors Inc. now owns 27,956 shares of the financial services provider’s stock worth $1,101,000 after buying an additional 1,986 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its stake in shares of Fidelity National Financial by 8.7% in the 3rd quarter. Asset Management One Co. Ltd. now owns 98,857 shares of the financial services provider’s stock worth $4,083,000 after buying an additional 7,903 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Insiders Place Their Bets

In other Fidelity National Financial news, Director Cary H. Thompson sold 23,410 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $51.11, for a total value of $1,196,485.10. Following the completion of the sale, the director now owns 40,317 shares in the company, valued at approximately $2,060,601.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.40% of the stock is currently owned by company insiders.

Fidelity National Financial Price Performance

NYSE FNF opened at $50.85 on Wednesday. The business’s fifty day moving average price is $50.79 and its 200-day moving average price is $47.70. The stock has a market capitalization of $13.89 billion, a price-to-earnings ratio of 26.62 and a beta of 1.34. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.21 and a quick ratio of 0.21. Fidelity National Financial, Inc. has a 1-year low of $32.02 and a 1-year high of $53.96.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, February 21st. The financial services provider reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.27). Fidelity National Financial had a return on equity of 13.91% and a net margin of 4.40%. The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the prior year, the business posted $1.06 earnings per share. On average, equities analysts predict that Fidelity National Financial, Inc. will post 4.81 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.48 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.92 dividend on an annualized basis and a yield of 3.78%. Fidelity National Financial’s payout ratio is presently 100.52%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FNF. Keefe, Bruyette & Woods upped their price target on Fidelity National Financial from $54.00 to $56.00 and gave the stock a “market perform” rating in a research note on Thursday, March 21st. Barclays upped their price objective on Fidelity National Financial from $52.00 to $56.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Truist Financial upped their price objective on 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, Deutsche Bank Aktiengesellschaft started coverage on Fidelity National Financial in a research report on Wednesday, January 10th. They issued a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $54.20.

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.