Voya Investment Management LLC Sells 11,154 Shares of Fidelity National Financial, Inc. $FNF

Voya Investment Management LLC lowered its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 25.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,938 shares of the financial services provider’s stock after selling 11,154 shares during the quarter. Voya Investment Management LLC’s holdings in Fidelity National Financial were worth $1,932,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rise Advisors LLC purchased a new position in shares of Fidelity National Financial during the 1st quarter valued at $32,000. Blue Trust Inc. increased its stake in Fidelity National Financial by 4,545.5% in the 2nd quarter. Blue Trust Inc. now owns 511 shares of the financial services provider’s stock worth $29,000 after buying an additional 500 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Fidelity National Financial during the second quarter valued at about $29,000. Headlands Technologies LLC bought a new stake in Fidelity National Financial during the second quarter valued at about $32,000. Finally, Capital A Wealth Management LLC lifted its position in shares of Fidelity National Financial by 7,244.4% in the second quarter. Capital A Wealth Management LLC now owns 661 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 652 shares in the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FNF. Stephens assumed coverage on Fidelity National Financial in a research report on Friday, November 14th. They set an “overweight” rating for the company. National Bankshares set a $72.00 price objective on shares of Fidelity National Financial in a report on Thursday, December 18th. Wall Street Zen upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. Barclays reissued a “cautious” rating on shares of Fidelity National Financial in a report on Monday, October 6th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Fidelity National Financial in a research note on Monday, December 15th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Fidelity National Financial presently has a consensus rating of “Moderate Buy” and an average price target of $72.00.

Insider Activity

In related news, Director Daniel D. Lane sold 6,367 shares of the stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $57.63, for a total value of $366,930.21. Following the completion of the transaction, the director owned 276,308 shares of the company’s stock, valued at approximately $15,923,630.04. This trade represents a 2.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.50% of the company’s stock.

Fidelity National Financial Stock Performance

NYSE:FNF opened at $54.87 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.25 and a quick ratio of 0.25. The company has a market cap of $15.43 billion, a price-to-earnings ratio of 13.23 and a beta of 1.01. Fidelity National Financial, Inc. has a 1 year low of $50.61 and a 1 year high of $66.72. The stock’s 50 day simple moving average is $57.03 and its two-hundred day simple moving average is $57.38.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Thursday, July 13th. The financial services provider reported $0.76 earnings per share for the quarter. The firm had revenue of $3.17 billion during the quarter. Fidelity National Financial had a net margin of 8.34% and a return on equity of 15.06%. As a group, equities analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th will be issued a $0.52 dividend. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, December 17th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.8%. Fidelity National Financial’s payout ratio is presently 50.12%.

About Fidelity National Financial

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.