Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Modern Wealth Management LLC

Modern Wealth Management LLC reduced its position in Fidelity National Financial, Inc. (NYSE:FNF) by 6.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,706 shares of the financial services provider’s stock after selling 338 shares during the period. Modern Wealth Management LLC’s holdings in Fidelity National Financial were worth $272,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in Fidelity National Financial by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 27,054,319 shares of the financial services provider’s stock valued at $1,518,829,000 after buying an additional 150,493 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Fidelity National Financial by 4.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,412,888 shares of the financial services provider’s stock valued at $472,300,000 after acquiring an additional 387,729 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Fidelity National Financial by 1.2% during the 4th quarter. Victory Capital Management Inc. now owns 8,093,184 shares of the financial services provider’s stock valued at $454,351,000 after acquiring an additional 98,751 shares in the last quarter. Geode Capital Management LLC boosted its position in Fidelity National Financial by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,462,837 shares of the financial services provider’s stock worth $276,343,000 after purchasing an additional 69,643 shares during the period. Finally, AustralianSuper Pty Ltd increased its holdings in Fidelity National Financial by 0.9% in the 4th quarter. AustralianSuper Pty Ltd now owns 1,849,429 shares of the financial services provider’s stock valued at $103,827,000 after purchasing an additional 15,664 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Down 0.2 %

Shares of NYSE:FNF opened at $64.77 on Friday. The firm has a market cap of $17.81 billion, a PE ratio of 13.93 and a beta of 1.32. The company has a fifty day simple moving average of $60.76 and a 200 day simple moving average of $60.07. 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, Inc. has a 12-month low of $46.85 and a 12-month high of $66.10.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.11. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter in the previous year, the firm earned $0.75 EPS. On average, equities research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend is Monday, March 17th. Fidelity National Financial’s payout ratio is currently 43.01%.

Insiders Place Their Bets

In related news, Director Halim Dhanidina sold 2,800 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $54.85, for a total transaction of $153,580.00. Following the sale, the director now directly owns 16,716 shares of the company’s stock, valued at approximately $916,872.60. This represents a 14.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 5.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on FNF shares. Keefe, Bruyette & Woods decreased their target price on 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. Deutsche Bank Aktiengesellschaft upgraded 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 report on Friday, January 3rd. Stephens increased their price objective on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, February 24th. Barclays boosted their target price on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Finally, StockNews.com lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $70.40.

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.