Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by PGGM Investments

PGGM Investments lessened its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 1.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 71,116 shares of the financial services provider’s stock after selling 1,285 shares during the period. PGGM Investments’ holdings in Fidelity National Financial were worth $3,628,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Baystate Wealth Management LLC grew its holdings in Fidelity National Financial by 5,300.0% during the 3rd quarter. Baystate Wealth Management LLC now owns 594 shares of the financial services provider’s stock valued at $25,000 after buying an additional 583 shares during the last quarter. VisionPoint Advisory Group LLC grew its holdings in Fidelity National Financial by 107.0% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 737 shares of the financial services provider’s stock valued at $30,000 after buying an additional 381 shares during the last quarter. Authentikos Wealth Advisory LLC acquired a new stake in Fidelity National Financial during the 3rd quarter valued at $41,000. Orion Capital Management LLC acquired a new stake in Fidelity National Financial during the 3rd quarter valued at $51,000. Finally, SRS Capital Advisors Inc. lifted its stake in shares of Fidelity National Financial by 57.9% during the 3rd quarter. SRS Capital Advisors Inc. now owns 1,415 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 519 shares during the period. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Stock Up 1.0 %

Shares of NYSE FNF opened at $50.39 on Monday. Fidelity National Financial, Inc. has a 12-month low of $32.02 and a 12-month high of $53.96. The company has a market cap of $13.77 billion, a P/E ratio of 26.38 and a beta of 1.34. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.52. The stock has a fifty day moving average price of $50.66 and a 200 day moving average price of $47.93.

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

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.92 annualized dividend and a dividend yield of 3.81%. Fidelity National Financial’s dividend payout ratio is presently 100.52%.

Analyst Ratings Changes

A number of research analysts have weighed in on FNF shares. Deutsche Bank Aktiengesellschaft started coverage on Fidelity National Financial in a research note on Wednesday, January 10th. They set a “hold” rating on the stock. Truist Financial increased their price target on Fidelity National Financial from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Barclays increased their price target on Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods increased 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. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $54.20.

Insider Activity

In other news, Director Cary H. Thompson sold 23,410 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $51.11, for a total transaction of $1,196,485.10. Following the completion of the sale, the director now directly owns 40,317 shares in the company, valued at $2,060,601.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.40% of the company’s stock.

About Fidelity National Financial

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.