Zurcher Kantonalbank Zurich Cantonalbank Reduces Position in Fidelity National Financial, Inc. (NYSE:FNF)

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 2.1% in the 4th quarter, Holdings Channel reports. The fund owned 42,006 shares of the financial services provider’s stock after selling 919 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Fidelity National Financial were worth $2,143,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Desjardins Global Asset Management Inc. grew its stake in Fidelity National Financial by 50.6% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 32,303 shares of the financial services provider’s stock valued at $1,648,000 after acquiring an additional 10,851 shares in the last quarter. United Asset Strategies Inc. purchased a new stake in Fidelity National Financial during the 4th quarter valued at about $533,000. Crescent Grove Advisors LLC grew its stake in Fidelity National Financial by 18.1% during the 4th quarter. Crescent Grove Advisors LLC now owns 273,401 shares of the financial services provider’s stock valued at $13,949,000 after acquiring an additional 41,963 shares in the last quarter. Cornercap Investment Counsel Inc. grew its stake in Fidelity National Financial by 1.7% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 65,280 shares of the financial services provider’s stock valued at $3,331,000 after acquiring an additional 1,105 shares in the last quarter. Finally, Lecap Asset Management Ltd. purchased a new stake in Fidelity National Financial during the 4th quarter valued at about $1,335,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on FNF shares. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Fidelity National Financial in a research note on Wednesday, January 10th. They set a “hold” rating for the company. Truist Financial increased 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 note on Friday, February 23rd. Barclays increased their price target on shares of Fidelity National Financial from $52.00 to $56.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Fidelity National Financial from $54.00 to $56.00 and gave the company a “market perform” rating in a research note on Thursday, March 21st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Fidelity National Financial currently has a consensus rating of “Hold” and an average price target of $54.20.

Insider Transactions at Fidelity National Financial

In other news, Director Cary H. Thompson sold 23,410 shares of the company’s stock in a transaction that occurred 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 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 document filed with the SEC, which is accessible through this hyperlink. Company insiders own 5.40% of the company’s stock.

Fidelity National Financial Stock Performance

Fidelity National Financial stock opened at $50.85 on Wednesday. The firm has a 50 day simple moving average of $50.79 and a 200-day simple moving average of $47.70. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.21 and a quick ratio of 0.21. Fidelity National Financial, Inc. has a 1-year low of $32.02 and a 1-year high of $53.96. The stock has a market cap of $13.89 billion, a price-to-earnings ratio of 26.62 and a beta of 1.34.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.75 EPS for the quarter, missing the consensus estimate 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 company had revenue of $3.43 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the prior year, the company posted $1.06 earnings per share. On average, analysts expect that Fidelity National Financial, Inc. will post 4.81 EPS for the current year.

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.48 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.92 annualized dividend and a dividend yield of 3.78%. Fidelity National Financial’s dividend payout ratio is currently 100.52%.

About Fidelity National Financial

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.