Confluence Investment Management LLC Sells 56,954 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Confluence Investment Management LLC trimmed its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 2.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,332,565 shares of the financial services provider’s stock after selling 56,954 shares during the quarter. Fidelity National Financial accounts for approximately 1.9% of Confluence Investment Management LLC’s portfolio, making the stock its 13th biggest holding. Confluence Investment Management LLC’s holdings in Fidelity National Financial were worth $144,759,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Fidelity National Financial by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 26,875,738 shares of the financial services provider’s stock worth $1,427,102,000 after acquiring an additional 728,768 shares during the last quarter. Windacre Partnership LLC lifted its position in Fidelity National Financial by 9.6% during the first quarter. Windacre Partnership LLC now owns 16,249,267 shares of the financial services provider’s stock valued at $862,836,000 after purchasing an additional 1,424,767 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Fidelity National Financial by 8.5% during the second quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider’s stock valued at $404,332,000 after purchasing an additional 640,829 shares during the period. Cooke & Bieler LP increased its position in Fidelity National Financial by 3.2% in the second quarter. Cooke & Bieler LP now owns 5,937,596 shares of the financial services provider’s stock worth $293,436,000 after buying an additional 184,078 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Fidelity National Financial by 2.3% in the second quarter. Dimensional Fund Advisors LP now owns 3,428,258 shares of the financial services provider’s stock worth $169,421,000 after buying an additional 77,118 shares during the period. 81.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on FNF. Truist Financial boosted their price objective on Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Stephens reissued an “overweight” rating and issued a $63.00 price objective on shares of Fidelity National Financial in a research note on Thursday, August 15th. Keefe, Bruyette & Woods lifted their target price on shares of Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a research note on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft increased their price target on Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Finally, Barclays boosted their price objective on Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $62.40.

Insider Transactions at Fidelity National Financial

In related news, Director Halim Dhanidina sold 1,700 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total value of $103,445.00. Following the sale, the director now owns 13,206 shares in the company, valued at approximately $803,585.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 5.20% of the company’s stock.

Fidelity National Financial Stock Performance

FNF opened at $59.12 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.23 and a current ratio of 0.23. The stock has a market capitalization of $16.17 billion, a price-to-earnings ratio of 17.65 and a beta of 1.37. The company has a fifty day moving average of $60.27 and a 200 day moving average of $54.92. Fidelity National Financial, Inc. has a fifty-two week low of $42.21 and a fifty-two week high of $62.97.

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 for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). The firm had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.32 billion. Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The company’s revenue for the quarter was up 29.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.23 EPS. As a group, sell-side analysts forecast that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a $0.50 dividend. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a yield of 3.38%. Fidelity National Financial’s payout ratio is presently 57.31%.

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.