Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Grimes & Company Inc.

Grimes & Company Inc. reduced its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 4.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 12,991 shares of the financial services provider’s stock after selling 597 shares during the quarter. Grimes & Company Inc.’s holdings in Fidelity National Financial were worth $729,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Swedbank AB lifted its holdings in shares of Fidelity National Financial by 25.1% in the 3rd quarter. Swedbank AB now owns 42,375 shares of the financial services provider’s stock worth $2,630,000 after acquiring an additional 8,511 shares during the last quarter. Everence Capital Management Inc. acquired a new stake in Fidelity National Financial during the 4th quarter worth approximately $621,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Fidelity National Financial by 61.0% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 49,707 shares of the financial services provider’s stock worth $2,457,000 after buying an additional 18,838 shares in the last quarter. Horizon Kinetics Asset Management LLC lifted its holdings in Fidelity National Financial by 35.1% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 58,071 shares of the financial services provider’s stock worth $3,604,000 after buying an additional 15,100 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Fidelity National Financial by 4.4% during the 3rd quarter. Barclays PLC now owns 216,755 shares of the financial services provider’s stock worth $13,451,000 after buying an additional 9,146 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Fidelity National Financial

In related news, Director Sandra Douglass Morgan sold 2,092 shares of the stock in a transaction on Tuesday, December 24th. The shares were 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 trade represents a 6.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Halim Dhanidina sold 2,800 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $54.85, for a total transaction of $153,580.00. Following the completion of the transaction, the director now directly owns 16,716 shares in the company, valued at $916,872.60. This trade 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 Price Performance

Shares of FNF opened at $57.71 on Friday. Fidelity National Financial, Inc. has a twelve month low of $46.85 and a twelve month high of $64.83. The firm’s fifty day simple moving average is $58.74 and its 200-day simple moving average is $58.35. The firm has a market capitalization of $15.79 billion, a price-to-earnings ratio of 20.99 and a beta of 1.38. 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 announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the previous year, the business posted $1.23 earnings per share. Fidelity National Financial’s revenue for the quarter was up 29.7% compared to the same quarter last year. Equities analysts forecast that Fidelity National Financial, Inc. will post 4.57 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.47%. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date was Tuesday, December 17th. Fidelity National Financial’s dividend payout ratio (DPR) is 72.73%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on FNF. Keefe, Bruyette & Woods reduced their target price on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a report on Wednesday, January 8th. Truist Financial increased their target price on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Barclays increased their target price on shares of Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and increased their target price for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $66.40.

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.