Securian Asset Management Inc. Sells 559 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Securian Asset Management Inc. trimmed its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 2.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,703 shares of the financial services provider’s stock after selling 559 shares during the period. Securian Asset Management Inc.’s holdings in Fidelity National Financial were worth $1,023,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of FNF. Vanguard Group Inc. grew its holdings in Fidelity National Financial by 2.8% in the first quarter. Vanguard Group Inc. now owns 26,875,738 shares of the financial services provider’s stock worth $1,427,102,000 after purchasing an additional 728,768 shares during the period. Windacre Partnership LLC lifted its stake in shares of Fidelity National Financial by 9.6% in the first quarter. Windacre Partnership LLC now owns 16,249,267 shares of the financial services provider’s stock worth $862,836,000 after buying an additional 1,424,767 shares in the last quarter. First Eagle Investment Management LLC lifted its stake in shares of Fidelity National Financial by 2.9% in 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. lifted its stake in shares of 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 worth $217,425,000 after buying an additional 2,818,001 shares in the last quarter. Finally, Confluence Investment Management LLC bought a new position in Fidelity National Financial during the first quarter valued at approximately $135,347,000. 81.17% of the stock is owned by institutional investors.

Insider Buying and Selling at Fidelity National Financial

In related news, CFO Anthony Park sold 85,000 shares of the business’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 transaction, the chief financial officer now directly owns 99,049 shares in the company, valued at approximately $5,033,670.18. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 5.20% of the company’s stock.

Fidelity National Financial Stock Up 0.0 %

Shares of Fidelity National Financial stock traded up $0.02 on Monday, reaching $54.96. The stock had a trading volume of 453,562 shares, compared to its average volume of 1,313,899. The company has a 50 day moving average price of $51.27 and a 200 day moving average price of $51.01. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a 1 year low of $37.10 and a 1 year high of $56.95. The stock has a market capitalization of $15.02 billion, a P/E ratio of 18.07 and a beta of 1.35.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.03). The company had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.20 billion. Fidelity National Financial had a return on equity of 14.24% and a net margin of 6.55%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.01 EPS. As a group, equities research analysts forecast that Fidelity National Financial, Inc. will post 4.58 EPS for the current year.

Fidelity National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend is Monday, September 16th. Fidelity National Financial’s payout ratio is 63.16%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on FNF. Truist Financial increased their price target on shares of Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $53.00 price objective on shares of Fidelity National Financial in a research report on Tuesday, August 6th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Stephens reiterated an “overweight” rating and set a $60.00 price objective on shares of Fidelity National Financial in a research report on Tuesday, August 6th. Finally, StockNews.com lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Fidelity National Financial has a consensus rating of “Hold” and a consensus price target of $59.20.

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.