Fidelity National Financial, Inc. (NYSE:FNF) Stock Holdings Lessened by New York State Common Retirement Fund

New York State Common Retirement Fund cut its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 9.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 197,014 shares of the financial services provider’s stock after selling 21,357 shares during the period. New York State Common Retirement Fund owned about 0.07% of Fidelity National Financial worth $10,052,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC grew its holdings in shares of Fidelity National Financial by 34.8% during the 3rd 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 acquiring an additional 1,535,401 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Fidelity National Financial by 62.7% in the third quarter. Bank of New York Mellon Corp now owns 3,061,024 shares of the financial services provider’s stock valued at $126,420,000 after purchasing an additional 1,179,506 shares in the last quarter. Bank of Nova Scotia increased its position in 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 purchasing an additional 869,017 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Fidelity National Financial during the 3rd quarter worth about $33,040,000. Finally, Northern Trust Corp lifted its holdings in shares of Fidelity National Financial by 41.9% during the 3rd quarter. Northern Trust Corp now owns 2,364,867 shares of the financial services provider’s stock valued at $97,669,000 after buying an additional 698,322 shares during the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on FNF. Keefe, Bruyette & Woods increased their price objective on Fidelity National Financial from $54.00 to $56.00 and gave the stock a “market perform” rating in a report on Thursday, March 21st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Fidelity National Financial in a research note on Wednesday, January 10th. They set a “hold” rating on the stock. Truist Financial lifted their price objective 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. Finally, Barclays raised their target price on Fidelity National Financial from $52.00 to $56.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Fidelity National Financial currently has an average rating of “Hold” and an average target price of $54.20.

Insider Transactions at Fidelity National Financial

In other news, Director Cary H. Thompson sold 23,410 shares of the firm’s stock in a transaction 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 sale, the director now owns 40,317 shares in the company, valued at $2,060,601.87. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Cary H. Thompson sold 23,410 shares of the stock in a transaction dated 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 completion of the sale, the director now owns 40,317 shares in the company, valued at $2,060,601.87. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Halim Dhanidina sold 3,000 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $50.64, for a total value of $151,920.00. Following the transaction, the director now owns 14,906 shares in the company, valued at $754,839.84. The disclosure for this sale can be found here. Corporate insiders own 5.40% of the company’s stock.

Fidelity National Financial Price Performance

NYSE FNF opened at $50.14 on Thursday. The company has a market cap of $13.70 billion, a P/E ratio of 26.25 and a beta of 1.34. Fidelity National Financial, Inc. has a 1 year low of $32.02 and a 1 year high of $53.96. 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 company has a fifty day simple moving average of $50.52 and a 200 day simple moving average of $48.09.

Fidelity National Financial (NYSE:FNF) last issued 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 business had revenue of $3.43 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same period in the prior year, the business posted $1.06 earnings per share. On average, sell-side analysts predict that Fidelity National Financial, Inc. will post 4.83 EPS 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 given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.83%. 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.