Bokf Na Cuts Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Bokf Na decreased its position in Fidelity National Financial, Inc. (NYSE:FNF) by 13.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,956 shares of the financial services provider’s stock after selling 13,081 shares during the period. Bokf Na’s holdings in Fidelity National Financial were worth $4,050,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Gilbert & Cook Inc. boosted its stake in shares of Fidelity National Financial by 5.0% in the fourth quarter. Gilbert & Cook Inc. now owns 6,118 shares of the financial services provider’s stock valued at $312,000 after buying an additional 293 shares in the last quarter. Private Advisor Group LLC purchased a new stake in shares of Fidelity National Financial during the 4th quarter worth $217,000. BNP Paribas Financial Markets grew its stake in shares of Fidelity National Financial by 58.4% during the 4th quarter. BNP Paribas Financial Markets now owns 86,206 shares of the financial services provider’s stock worth $4,398,000 after purchasing an additional 31,770 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Fidelity National Financial by 21.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 27,575 shares of the financial services provider’s stock valued at $1,407,000 after purchasing an additional 4,882 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in shares of Fidelity National Financial by 174.6% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 29,774 shares of the financial services provider’s stock valued at $1,519,000 after purchasing an additional 18,933 shares during the period. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Performance

Shares of NYSE FNF opened at $60.52 on Friday. The company has a 50-day simple moving average of $55.72 and a 200-day simple moving average of $52.25. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.23 and a quick ratio of 0.23. The company has a market cap of $16.54 billion, a PE ratio of 19.91 and a beta of 1.36. Fidelity National Financial, Inc. has a 12 month low of $37.10 and a 12 month high of $60.54.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.03). Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same quarter last year, the firm posted $1.01 earnings per share. The company’s revenue was up 2.9% on a year-over-year basis. On average, equities analysts anticipate that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Monday, September 16th. Fidelity National Financial’s payout ratio is 63.16%.

Wall Street Analysts Forecast Growth

FNF has been the subject of a number of research reports. Stephens reiterated an “overweight” rating and set a $63.00 price target on shares of Fidelity National Financial in a research report on Thursday, August 15th. StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Keefe, Bruyette & Woods lifted their target price on shares of Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Finally, Truist Financial lifted their price objective on Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $61.80.

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.