Retirement Systems of Alabama Purchases 507 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Retirement Systems of Alabama boosted its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 0.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 316,086 shares of the financial services provider’s stock after acquiring an additional 507 shares during the period. Retirement Systems of Alabama owned approximately 0.12% of Fidelity National Financial worth $17,745,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FNF. U.S. Capital Wealth Advisors LLC bought a new stake in Fidelity National Financial in the 4th quarter valued at $249,000. Avantra Family Wealth Inc. acquired a new stake in shares of Fidelity National Financial in the 4th quarter valued at about $458,000. Spire Wealth Management bought a new stake in shares of Fidelity National Financial in the fourth quarter valued at about $89,000. Richardson Financial Services Inc. boosted its position in shares of Fidelity National Financial by 9.3% during the fourth quarter. Richardson Financial Services Inc. now owns 2,815 shares of the financial services provider’s stock worth $158,000 after buying an additional 240 shares during the period. Finally, Custom Index Systems LLC grew its holdings in shares of Fidelity National Financial by 14.1% during the fourth quarter. Custom Index Systems LLC now owns 16,365 shares of the financial services provider’s stock worth $919,000 after buying an additional 2,023 shares in the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Price Performance

Shares of FNF opened at $58.41 on Friday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The company’s fifty day simple moving average is $58.15 and its 200 day simple moving average is $58.74. Fidelity National Financial, Inc. has a 1-year low of $46.85 and a 1-year high of $64.83. The company has a market cap of $15.98 billion, a price-to-earnings ratio of 21.24 and a beta of 1.39.

Fidelity National Financial (NYSE:FNF) last issued its earnings results 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 firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The company’s revenue for the quarter was up 29.7% on a year-over-year basis. During the same quarter last year, the business posted $1.23 earnings per share. On average, research analysts forecast that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FNF. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and upped their price target for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd. Truist Financial raised their target price on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $66.40.

Insider Activity

In other Fidelity National Financial news, Director Sandra Douglass Morgan sold 2,092 shares of the company’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total value 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 position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Halim Dhanidina sold 2,800 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $54.85, for a total transaction of $153,580.00. Following the transaction, the director now directly owns 16,716 shares in the company, valued at approximately $916,872.60. This represents a 14.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

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.