Private Advisor Group LLC Cuts Position in Fidelity National Financial, Inc. (NYSE:FNF)

Private Advisor Group LLC lowered its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 5.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,486 shares of the financial services provider’s stock after selling 248 shares during the quarter. Private Advisor Group LLC’s holdings in Fidelity National Financial were worth $278,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. TPG GP A LLC purchased a new position in shares of Fidelity National Financial in the 2nd quarter valued at about $83,798,000. Windacre Partnership LLC increased its holdings in Fidelity National Financial by 9.6% in the first quarter. Windacre Partnership LLC now owns 16,249,267 shares of the financial services provider’s stock valued at $862,836,000 after buying an additional 1,424,767 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Fidelity National Financial by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 26,875,738 shares of the financial services provider’s stock valued at $1,427,102,000 after acquiring an additional 728,768 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Fidelity National Financial by 8.5% during the 2nd quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider’s stock worth $404,332,000 after acquiring an additional 640,829 shares in the last quarter. Finally, Cooke & Bieler LP grew its holdings in shares of Fidelity National Financial by 3.2% in the 2nd quarter. Cooke & Bieler LP now owns 5,937,596 shares of the financial services provider’s stock worth $293,436,000 after acquiring an additional 184,078 shares during the period. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. StockNews.com lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Keefe, Bruyette & Woods increased their price target on shares of Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a research report on Wednesday, September 4th. Stephens reissued an “overweight” rating and set a $63.00 price objective on shares of Fidelity National Financial in a research note on Thursday, August 15th. Truist Financial upped their target price on Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $62.40.

Fidelity National Financial Trading Up 2.3 %

FNF stock opened at $60.88 on Thursday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.52. The company has a market cap of $16.65 billion, a price-to-earnings ratio of 18.17 and a beta of 1.37. The business has a fifty day simple moving average of $60.27 and a 200-day simple moving average of $54.92. Fidelity National Financial, Inc. has a 52 week low of $41.31 and a 52 week high of $62.97.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.03). The firm had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.20 billion. Fidelity National Financial had a return on equity of 14.48% and a net margin of 7.19%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.01 earnings per share. On average, equities research analysts expect that Fidelity National Financial, Inc. will post 4.53 EPS for the current year.

Insider Transactions at Fidelity National Financial

In related news, Director Halim Dhanidina sold 1,700 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total transaction of $103,445.00. Following the completion of the sale, the director now directly owns 13,206 shares of the company’s stock, valued at approximately $803,585.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.20% of the company’s stock.

Fidelity National Financial 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.