Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. decreased its holdings in Fidelity National Financial, Inc. (NYSE:FNFFree Report) by 5.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,898 shares of the financial services provider’s stock after selling 1,288 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Fidelity National Financial were worth $1,219,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FNF. Van ECK Associates Corp raised its position in shares of Fidelity National Financial by 3.4% in the 3rd quarter. Van ECK Associates Corp now owns 31,196 shares of the financial services provider’s stock valued at $1,288,000 after purchasing an additional 1,039 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in Fidelity National Financial by 10.1% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 10,841 shares of the financial services provider’s stock valued at $448,000 after acquiring an additional 997 shares in the last quarter. Pathstone Family Office LLC raised its holdings in Fidelity National Financial by 172.4% in the third quarter. Pathstone Family Office LLC now owns 27,380 shares of the financial services provider’s stock valued at $1,131,000 after acquiring an additional 17,329 shares in the last quarter. Huntington National Bank boosted its stake in Fidelity National Financial by 55.0% during the 3rd quarter. Huntington National Bank now owns 1,662 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 590 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Fidelity National Financial during the 3rd quarter worth $2,162,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

Shares of NYSE FNF opened at $48.95 on Tuesday. Fidelity National Financial, Inc. has a 1-year low of $33.61 and a 1-year high of $53.96. The firm has a market capitalization of $13.38 billion, a PE ratio of 16.10 and a beta of 1.35. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.21 and a quick ratio of 0.21. The business’s fifty day moving average price is $50.64 and its two-hundred day moving average price is $50.03.

Fidelity National Financial (NYSE:FNFGet Free Report) last released its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.08). The firm had revenue of $3.30 billion during the quarter, compared to analyst estimates of $2.72 billion. Fidelity National Financial had a return on equity of 14.24% and a net margin of 6.55%. The firm’s revenue was up 33.3% on a year-over-year basis. During the same period last year, the business earned $0.52 EPS. On average, research analysts expect that Fidelity National Financial, Inc. will post 4.67 EPS for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date of this dividend is Friday, June 14th. Fidelity National Financial’s dividend payout ratio (DPR) is 63.16%.

Analyst Ratings Changes

Several equities analysts have recently commented on FNF shares. Stephens increased their price target 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 reduced their target price on Fidelity National Financial from $56.00 to $55.00 and set a “market perform” rating on the stock in a report on Monday, May 13th. Barclays boosted their price target 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. Finally, Truist Financial raised their price objective on Fidelity National Financial from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $55.80.

View Our Latest Analysis on Fidelity National Financial

Insider Activity at Fidelity National Financial

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

Fidelity National Financial Company 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.

Further Reading

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

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