Concord Asset Management LLC VA Sells 1,346 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Concord Asset Management LLC VA lessened its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 18.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,834 shares of the financial services provider’s stock after selling 1,346 shares during the quarter. Concord Asset Management LLC VA’s holdings in Fidelity National Financial were worth $328,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Renaissance Technologies LLC bought a new stake in shares of Fidelity National Financial in the 2nd quarter worth about $1,305,000. Marshall Wace LLP acquired a new stake in Fidelity National Financial during the 2nd quarter valued at $2,704,000. Susquehanna Fundamental Investments LLC acquired a new position in Fidelity National Financial in the second quarter worth $306,000. Cetera Investment Advisers increased its stake in shares of Fidelity National Financial by 1.3% in the second quarter. Cetera Investment Advisers now owns 45,001 shares of the financial services provider’s stock valued at $2,224,000 after buying an additional 584 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Fidelity National Financial during the 2nd quarter worth about $3,349,000. Institutional investors own 81.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FNF. Keefe, Bruyette & Woods decreased their price target on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 8th. Barclays boosted their target price on Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Truist Financial lifted their price objective on Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and raised their target price for the company from $76.00 to $77.00 in a research note on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $66.40.

Insider Buying and Selling

In other news, Director Halim Dhanidina sold 2,800 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $54.85, for a total value of $153,580.00. Following the sale, the director now owns 16,716 shares of the company’s stock, valued at $916,872.60. The trade was a 14.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Sandra Douglass Morgan sold 2,092 shares of the firm’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total transaction of $117,842.36. Following the completion of the transaction, the director now directly owns 32,386 shares of the company’s stock, valued at approximately $1,824,303.38. This trade represents a 6.07 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is owned by company insiders.

Fidelity National Financial Stock Performance

Shares of NYSE:FNF opened at $58.20 on Friday. The company has a market capitalization of $15.92 billion, a price-to-earnings ratio of 21.16 and a beta of 1.38. The firm’s 50 day simple moving average is $58.57 and its 200 day simple moving average is $58.58. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. Fidelity National Financial, Inc. has a fifty-two week low of $46.85 and a fifty-two week high of $64.83.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results 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 the consensus estimate of $3.32 billion. Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The company’s revenue for the quarter was up 29.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.23 earnings per share. As a group, sell-side analysts forecast that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, December 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.44%. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s dividend payout ratio (DPR) is currently 72.73%.

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.