Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 3.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,811,647 shares of the financial services provider’s stock after selling 208,618 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Fidelity National Financial were worth $296,510,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Victory Capital Management Inc. grew its holdings in shares of Fidelity National Financial by 195.2% in the 4th quarter. Victory Capital Management Inc. now owns 4,261,568 shares of the financial services provider’s stock worth $217,425,000 after acquiring an additional 2,818,001 shares during the period. First Eagle Investment Management LLC grew its holdings in Fidelity National Financial by 34.8% in the third quarter. First Eagle Investment Management LLC now owns 5,942,081 shares of the financial services provider’s stock valued at $245,408,000 after purchasing an additional 1,535,401 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Fidelity National Financial by 62.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,061,024 shares of the financial services provider’s stock worth $126,420,000 after buying an additional 1,179,506 shares during the last quarter. Bank of Nova Scotia boosted its position in shares of Fidelity National Financial by 12,859.1% in the 3rd quarter. Bank of Nova Scotia now owns 875,775 shares of the financial services provider’s stock worth $36,170,000 after buying an additional 869,017 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in Fidelity National Financial during the 3rd quarter valued at about $33,040,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Barclays upped their price target on shares of Fidelity National Financial from $52.00 to $56.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft initiated coverage on Fidelity National Financial in a research report on Wednesday, January 10th. They set a “hold” rating for the company. Keefe, Bruyette & Woods upped their price objective on Fidelity National Financial from $54.00 to $56.00 and gave the company a “market perform” rating in a research report on Thursday, March 21st. Finally, Truist Financial boosted 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 note on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $54.20.

Insider Transactions at Fidelity National Financial

In related news, Director Cary H. Thompson sold 23,410 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $51.11, for a total value of $1,196,485.10. Following the transaction, the director now owns 40,317 shares in the company, valued at $2,060,601.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Fidelity National Financial news, Director Cary H. Thompson sold 23,410 shares of the business’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 transaction, the director now owns 40,317 shares in the company, valued at $2,060,601.87. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Halim Dhanidina sold 3,000 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $50.64, for a total value of $151,920.00. Following the completion of the sale, the director now directly owns 14,906 shares of the company’s stock, valued at approximately $754,839.84. The disclosure for this sale can be found here. Company insiders own 5.40% of the company’s stock.

Fidelity National Financial Trading Up 0.1 %

FNF stock traded up $0.05 on Wednesday, hitting $52.20. 440,687 shares of the company were exchanged, compared to its average volume of 1,516,753. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.21 and a quick ratio of 0.21. The stock has a market capitalization of $14.26 billion, a price-to-earnings ratio of 27.31 and a beta of 1.33. Fidelity National Financial, Inc. has a twelve month low of $33.61 and a twelve month high of $53.96. The business’s fifty day moving average is $50.66 and its two-hundred day moving average is $48.51.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, February 21st. The financial services provider reported $0.75 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same period last year, the business posted $1.06 earnings per share. As a group, research analysts forecast that Fidelity National Financial, Inc. will post 4.83 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.68%. The ex-dividend date of this dividend was Thursday, March 14th. Fidelity National Financial’s dividend payout ratio is currently 100.52%.

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.