River Road Asset Management LLC Trims Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

River Road Asset Management LLC decreased its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 48.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 865,525 shares of the financial services provider’s stock after selling 799,227 shares during the quarter. River Road Asset Management LLC’s holdings in Fidelity National Financial were worth $44,159,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Baystate Wealth Management LLC raised its position in Fidelity National Financial by 5,300.0% in the 3rd quarter. Baystate Wealth Management LLC now owns 594 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 583 shares during the last quarter. Salem Investment Counselors Inc. purchased a new position in Fidelity National Financial during the 2nd quarter worth $26,000. VisionPoint Advisory Group LLC raised its position in Fidelity National Financial by 107.0% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 737 shares of the financial services provider’s stock worth $30,000 after buying an additional 381 shares during the last quarter. Authentikos Wealth Advisory LLC purchased a new position in Fidelity National Financial during the 3rd quarter worth $41,000. Finally, Orion Capital Management LLC purchased a new position in Fidelity National Financial during the 3rd quarter worth $51,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Insider Activity

In other news, Director Cary H. Thompson sold 23,410 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $51.11, for a total transaction of $1,196,485.10. Following the completion of the sale, the director now directly owns 40,317 shares of the company’s stock, valued at approximately $2,060,601.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 5.40% of the company’s stock.

Analysts Set New Price Targets

FNF has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Fidelity National Financial in a research report on Wednesday, January 10th. They set a “hold” rating for the company. Keefe, Bruyette & Woods increased their price target on shares of Fidelity National Financial from $54.00 to $56.00 and gave the company a “market perform” rating in a report on Thursday, March 21st. Barclays increased their price target on shares of Fidelity National Financial from $52.00 to $56.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Finally, Truist Financial increased their price objective on shares of Fidelity National Financial from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $54.20.

Fidelity National Financial Trading Down 0.2 %

Shares of Fidelity National Financial stock traded down $0.09 during mid-day trading on Wednesday, hitting $47.02. 1,279,717 shares of the stock were exchanged, compared to its average volume of 1,625,654. Fidelity National Financial, Inc. has a twelve month low of $32.02 and a twelve month high of $53.96. The stock has a market capitalization of $12.85 billion, a price-to-earnings ratio of 24.66 and a beta of 1.34. The company has a 50-day simple moving average of $51.02 and a 200 day simple moving average of $47.36. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.52.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.27). Fidelity National Financial had a return on equity of 13.91% and a net margin of 4.40%. The firm had revenue of $3.43 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same period in the prior year, the business earned $1.06 earnings per share. Research analysts forecast that Fidelity National Financial, Inc. will post 4.81 EPS for the current year.

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.92 annualized dividend and a dividend yield of 4.08%. Fidelity National Financial’s dividend payout ratio is presently 100.52%.

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.