Allianz Asset Management GmbH Has $4.08 Million Position in Fidelity National Financial, Inc. (NYSE:FNF)

Allianz Asset Management GmbH cut its stake in shares of Fidelity National Financial, Inc. (NYSE:FNFFree Report) by 10.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 79,866 shares of the financial services provider’s stock after selling 8,872 shares during the quarter. Allianz Asset Management GmbH’s holdings in Fidelity National Financial were worth $4,075,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in FNF. Oppenheimer & Co. Inc. boosted its holdings in shares of Fidelity National Financial by 1.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 25,186 shares of the financial services provider’s stock worth $1,040,000 after acquiring an additional 416 shares in the last quarter. D.A. Davidson & CO. increased its stake in shares of Fidelity National Financial by 15.2% in the third quarter. D.A. Davidson & CO. now owns 58,844 shares of the financial services provider’s stock valued at $2,430,000 after buying an additional 7,766 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Fidelity National Financial by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,020,265 shares of the financial services provider’s stock valued at $248,637,000 after buying an additional 86,446 shares in the last quarter. Burney Co. lifted its position in Fidelity National Financial by 17.3% during the 3rd quarter. Burney Co. now owns 16,603 shares of the financial services provider’s stock worth $686,000 after buying an additional 2,445 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in Fidelity National Financial by 3.4% during the 3rd quarter. Van ECK Associates Corp now owns 31,196 shares of the financial services provider’s stock worth $1,288,000 after buying an additional 1,039 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

FNF opened at $49.71 on Friday. The company has a fifty day moving average price of $50.79 and a two-hundred day moving average price of $49.90. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.21 and a current ratio of 0.21. The firm has a market capitalization of $13.58 billion, a PE ratio of 16.35 and a beta of 1.35. Fidelity National Financial, Inc. has a 52 week low of $33.61 and a 52 week high of $53.96.

Fidelity National Financial (NYSE:FNFGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.08). Fidelity National Financial had a return on equity of 14.24% and a net margin of 6.55%. The company had revenue of $3.30 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same period last year, the firm earned $0.52 earnings per share. The firm’s revenue for the quarter was up 33.3% on a year-over-year basis. As a group, analysts anticipate that Fidelity National Financial, Inc. will post 4.73 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.92 annualized dividend and a yield of 3.86%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 63.16%.

Analysts Set New Price Targets

FNF has been the subject of a number of research analyst reports. Truist Financial boosted their target price on shares of Fidelity National Financial from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Stephens boosted their price objective on shares of Fidelity National Financial from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, May 10th. Keefe, Bruyette & Woods decreased their price objective on Fidelity National Financial from $56.00 to $55.00 and set a “market perform” rating on the stock in a research report on Monday, May 13th. Finally, 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 research report on Tuesday, April 9th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $55.80.

Read Our Latest Stock Report on Fidelity National Financial

Insider Buying and Selling

In other Fidelity National Financial news, Director Halim Dhanidina sold 3,000 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $50.64, for a total value of $151,920.00. Following the completion of the sale, the director now directly owns 14,906 shares in the company, valued at $754,839.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Halim Dhanidina sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $50.64, for a total value of $151,920.00. Following the completion of the transaction, the director now owns 14,906 shares in the company, valued at $754,839.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Anthony Park sold 85,000 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $50.82, for a total transaction of $4,319,700.00. Following the sale, the chief financial officer now owns 99,049 shares in the company, valued at $5,033,670.18. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by company insiders.

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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