Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 105,304 shares of the financial services provider’s stock after selling 3,088 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Fidelity National Financial were worth $5,373,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in FNF. Baystate Wealth Management LLC boosted its position in shares of Fidelity National Financial by 5,300.0% in the third quarter. Baystate Wealth Management LLC now owns 594 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 583 shares during the last quarter. Salem Investment Counselors Inc. acquired a new position in shares of Fidelity National Financial in the 2nd quarter valued at $26,000. VisionPoint Advisory Group LLC boosted its holdings in shares of Fidelity National Financial by 107.0% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 737 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 381 shares during the last quarter. Authentikos Wealth Advisory LLC purchased a new stake in shares of Fidelity National Financial during the 3rd quarter valued at $41,000. Finally, Orion Capital Management LLC acquired a new stake in shares of Fidelity National Financial during the 3rd quarter worth $51,000. 81.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FNF. Deutsche Bank Aktiengesellschaft started coverage on Fidelity National Financial in a report on Wednesday, January 10th. They issued a “hold” rating on the stock. Barclays boosted their target price on Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Keefe, Bruyette & Woods increased 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 research report on Thursday, March 21st. Finally, Truist Financial lifted their price target 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. Four research 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, the company presently has a consensus rating of “Hold” and a consensus target price of $54.20.

Fidelity National Financial Stock Performance

Fidelity National Financial stock opened at $47.59 on Friday. Fidelity National Financial, Inc. has a 12-month low of $32.02 and a 12-month high of $53.96. 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 company has a market capitalization of $13.00 billion, a price-to-earnings ratio of 24.92 and a beta of 1.34. The firm’s fifty day moving average price is $50.89 and its 200 day moving average price is $47.36.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, February 21st. The financial services provider reported $0.75 earnings per share (EPS) 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 business had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $2.80 billion. During the same period in the previous year, the firm posted $1.06 earnings per share. On average, research analysts forecast that Fidelity National Financial, Inc. will post 4.81 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date of this dividend was Thursday, March 14th. Fidelity National Financial’s payout ratio is 100.52%.

Insider Activity

In related news, Director Cary H. Thompson sold 23,410 shares of Fidelity National Financial 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 completion of the sale, 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 can be accessed through this link. Company insiders own 5.40% of the company’s stock.

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.