Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System lessened its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 1.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 73,400 shares of the financial services provider’s stock after selling 1,000 shares during the period. Louisiana State Employees Retirement System’s holdings in Fidelity National Financial were worth $3,627,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Opal Wealth Advisors LLC purchased a new position in shares of Fidelity National Financial in the second quarter valued at approximately $26,000. V Square Quantitative Management LLC acquired a new stake in Fidelity National Financial during the 4th quarter worth $27,000. New Covenant Trust Company N.A. purchased a new stake in shares of Fidelity National Financial during the first quarter worth $30,000. Mather Group LLC. acquired a new stake in shares of Fidelity National Financial in the first quarter valued at about $31,000. Finally, Covestor Ltd raised its position in shares of Fidelity National Financial by 109.0% in the first quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock valued at $31,000 after buying an additional 303 shares during the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Anthony Park sold 85,000 shares of Fidelity National Financial 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 sale, the chief financial officer now directly owns 99,049 shares of the company’s stock, valued at $5,033,670.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 5.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FNF. StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Stephens restated an “overweight” rating and issued a $63.00 price target on shares of Fidelity National Financial in a research report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft lifted their price objective on Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. 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 report on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $53.00 price target on shares of Fidelity National Financial in a report on Tuesday, August 6th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $59.80.

Fidelity National Financial Trading Up 2.6 %

Shares of NYSE FNF traded up $1.47 during mid-day trading on Friday, reaching $58.87. 145,092 shares of the company’s stock were exchanged, compared to its average volume of 1,281,066. The firm has a market capitalization of $16.09 billion, a price-to-earnings ratio of 19.22 and a beta of 1.35. Fidelity National Financial, Inc. has a 52-week low of $37.10 and a 52-week high of $59.11. The company’s 50-day moving average is $52.51 and its 200-day moving average is $51.38. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.21 and a current ratio of 0.21.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.03). The company had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.20 billion. Fidelity National Financial had a return on equity of 14.24% and a net margin of 6.55%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the business earned $1.01 EPS. Analysts expect that Fidelity National Financial, Inc. will post 4.58 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date of this dividend is Monday, September 16th. Fidelity National Financial’s payout ratio is 63.16%.

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.