Stephens Inc. AR Trims Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Stephens Inc. AR trimmed its position in Fidelity National Financial, Inc. (NYSE:FNF) by 1.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 181,309 shares of the financial services provider’s stock after selling 2,190 shares during the quarter. Stephens Inc. AR owned 0.07% of Fidelity National Financial worth $11,252,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in 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 in the last quarter. Windacre Partnership LLC lifted its position in shares of Fidelity National Financial by 9.6% in the 1st quarter. Windacre Partnership LLC now owns 16,249,267 shares of the financial services provider’s stock worth $862,836,000 after purchasing an additional 1,424,767 shares during the period. Victory Capital Management Inc. increased 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 buying an additional 640,829 shares during the period. Cooke & Bieler LP raised its stake 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 lifted its holdings in Fidelity National Financial by 2.3% during 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. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

Shares of FNF stock opened at $58.80 on Friday. Fidelity National Financial, Inc. has a fifty-two week low of $40.35 and a fifty-two week high of $62.97. 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 firm has a market capitalization of $16.08 billion, a price-to-earnings ratio of 17.55 and a beta of 1.36. The stock’s 50-day simple moving average is $60.21 and its 200-day simple moving average is $54.62.

Fidelity National Financial (NYSE:FNF) last released its 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). The company had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.20 billion. Fidelity National Financial had a return on equity of 14.48% and a net margin of 7.19%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.01 EPS. As a group, equities analysts forecast that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FNF has been the topic of a number of analyst reports. Keefe, Bruyette & Woods lifted their price target on Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a report on Wednesday, September 4th. Truist Financial boosted their target price on shares of Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Stephens reiterated an “overweight” rating and set a $63.00 price objective on shares of Fidelity National Financial in a research note on Thursday, August 15th. Finally, Barclays raised their target price on shares of Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $62.40.

Insider Activity

In related news, Director Halim Dhanidina sold 1,700 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total value of $103,445.00. Following the completion of the transaction, the director now owns 13,206 shares in the company, valued at $803,585.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 5.20% of the company’s stock.

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.