CX Institutional Sells 1,899 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

CX Institutional lessened its stake in Fidelity National Financial, Inc. (NYSE:FNFFree Report) by 23.8% in the fourth quarter, HoldingsChannel reports. The firm owned 6,090 shares of the financial services provider’s stock after selling 1,899 shares during the period. CX Institutional’s holdings in Fidelity National Financial were worth $311,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Baystate Wealth Management LLC grew its position in shares of 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 acquiring an additional 583 shares during the period. Salem Investment Counselors Inc. bought a new stake in shares of Fidelity National Financial during the 2nd quarter valued at $26,000. VisionPoint Advisory Group LLC grew its position in shares of 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 acquiring an additional 381 shares during the period. DHJJ Financial Advisors Ltd. bought a new stake in shares of Fidelity National Financial during the 3rd quarter valued at $40,000. Finally, Authentikos Wealth Advisory LLC bought a new stake in shares of Fidelity National Financial during the 3rd quarter valued at $41,000. Institutional investors own 77.16% of the company’s stock.

Wall Street Analysts Forecast Growth

FNF has been the subject of a number of recent research reports. Truist Financial boosted 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 report on Friday, February 23rd. Deutsche Bank Aktiengesellschaft started coverage on shares of Fidelity National Financial in a report on Wednesday, January 10th. They issued a “hold” rating for the company. Keefe, Bruyette & Woods upped their target price on shares of Fidelity National Financial from $54.00 to $56.00 and gave the stock a “market perform” rating in a report on Thursday. Finally, Barclays dropped their target price on shares of Fidelity National Financial from $55.00 to $52.00 and set an “equal weight” rating for the company in a report on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Fidelity National Financial has a consensus rating of “Hold” and an average price target of $53.40.

Read Our Latest Stock Analysis on FNF

Insider Buying and Selling

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 sale, the director now directly owns 40,317 shares of the company’s stock, valued at approximately $2,060,601.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Fidelity National Financial news, Director Cary H. Thompson sold 23,410 shares of the company’s 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 transaction, the director now directly owns 40,317 shares in the company, valued at approximately $2,060,601.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel D. Lane sold 6,131 shares of the stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $48.19, for a total transaction of $295,452.89. Following the transaction, the director now owns 271,495 shares in the company, valued at $13,083,344.05. The disclosure for this sale can be found here. Insiders have sold 32,806 shares of company stock valued at $1,653,033 in the last ninety days. 5.40% of the stock is owned by company insiders.

Fidelity National Financial Stock Down 1.3 %

Shares of NYSE FNF opened at $51.63 on Monday. The firm’s 50-day moving average price is $50.54 and its 200-day moving average price is $46.29. 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 market capitalization of $14.11 billion, a price-to-earnings ratio of 27.03 and a beta of 1.33. Fidelity National Financial, Inc. has a 12-month low of $32.02 and a 12-month high of $52.94.

Fidelity National Financial (NYSE:FNFGet Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates 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 company earned $1.06 earnings per share. On average, equities research analysts anticipate that Fidelity National Financial, Inc. will post 4.81 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date is Thursday, March 14th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 100.52%.

Fidelity National Financial Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Fidelity National Financial (NYSE:FNF)

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