Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by KBC Group NV

KBC Group NV decreased its position in Fidelity National Financial, Inc. (NYSE:FNF) by 45.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 409,322 shares of the financial services provider’s stock after selling 337,106 shares during the quarter. KBC Group NV’s holdings in Fidelity National Financial were worth $22,980,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. raised its holdings in shares of Fidelity National Financial by 33.7% in the 4th quarter. Blue Trust Inc. now owns 1,739 shares of the financial services provider’s stock valued at $108,000 after purchasing an additional 438 shares in the last quarter. Crescent Grove Advisors LLC raised its stake in Fidelity National Financial by 10.8% in the fourth quarter. Crescent Grove Advisors LLC now owns 304,018 shares of the financial services provider’s stock valued at $17,068,000 after buying an additional 29,513 shares in the last quarter. Cyndeo Wealth Partners LLC lifted its holdings in Fidelity National Financial by 4.0% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 121,518 shares of the financial services provider’s stock worth $6,822,000 after buying an additional 4,624 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of Fidelity National Financial during the 4th quarter worth about $183,000. Finally, CX Institutional increased its holdings in shares of Fidelity National Financial by 1.5% in the 4th quarter. CX Institutional now owns 24,527 shares of the financial services provider’s stock valued at $1,377,000 after acquiring an additional 352 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

FNF stock opened at $58.03 on Wednesday. The business has a 50 day simple moving average of $58.71 and a 200-day simple moving average of $58.55. The company has a market capitalization of $15.88 billion, a P/E ratio of 21.10 and a beta of 1.38. Fidelity National Financial, Inc. has a twelve month low of $46.85 and a twelve month high of $64.83. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.11). The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.32 billion. Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The company’s revenue for the quarter was up 29.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.23 earnings per share. As a group, equities analysts anticipate that Fidelity National Financial, Inc. will post 4.57 EPS for the current year.

Fidelity National Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.45%. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s dividend payout ratio (DPR) is currently 72.73%.

Insider Activity at Fidelity National Financial

In other news, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $54.85, for a total value of $153,580.00. Following the sale, the director now owns 16,716 shares of the company’s stock, valued at $916,872.60. The trade was a 14.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sandra Douglass Morgan sold 2,092 shares of the stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the transaction, the director now directly owns 32,386 shares of the company’s stock, valued at $1,824,303.38. This represents a 6.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

FNF has been the subject of several recent analyst reports. Barclays boosted their target price on Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Truist Financial boosted their price objective on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and increased their target price for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a research report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $66.40.

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.