River Road Asset Management LLC Sells 18,686 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

River Road Asset Management LLC lowered its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 15.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,014 shares of the financial services provider’s stock after selling 18,686 shares during the period. River Road Asset Management LLC’s holdings in Fidelity National Financial were worth $5,671,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Independent Advisor Alliance raised its holdings in shares of Fidelity National Financial by 67.6% in the 4th quarter. Independent Advisor Alliance now owns 5,607 shares of the financial services provider’s stock valued at $315,000 after purchasing an additional 2,262 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in Fidelity National Financial by 4.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 20,396 shares of the financial services provider’s stock worth $1,145,000 after acquiring an additional 800 shares during the period. AlphaQuest LLC boosted its position in Fidelity National Financial by 22,260.0% in the fourth quarter. AlphaQuest LLC now owns 2,236 shares of the financial services provider’s stock valued at $126,000 after buying an additional 2,226 shares during the last quarter. Amundi raised its holdings in shares of Fidelity National Financial by 71.9% during the fourth quarter. Amundi now owns 427,244 shares of the financial services provider’s stock worth $23,930,000 after purchasing an additional 178,675 shares during the last quarter. Finally, Machina Capital S.A.S. purchased a new position in Fidelity National Financial during the fourth quarter valued at approximately $616,000. 81.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on FNF shares. StockNews.com downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Barclays raised their price objective on Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a report on Monday, February 24th. Stephens raised their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and upped their price target for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods reduced their price objective on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $70.40.

Fidelity National Financial Price Performance

Shares of FNF stock opened at $62.13 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The company has a market capitalization of $17.08 billion, a PE ratio of 13.36 and a beta of 1.32. The firm’s 50-day moving average is $58.66 and its two-hundred day moving average is $59.59. Fidelity National Financial, Inc. has a 12 month low of $46.85 and a 12 month high of $65.65.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.23 by $0.11. The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.33 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. During the same quarter in the previous year, the company earned $0.75 EPS. Analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 3.22%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 43.01%.

Insider Buying and Selling at Fidelity National Financial

In related news, Director Halim Dhanidina sold 2,800 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $54.85, for a total transaction of $153,580.00. Following the completion of the transaction, the director now directly owns 16,716 shares in the company, valued at $916,872.60. This trade represents a 14.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Sandra Douglass Morgan sold 2,092 shares of the firm’s stock in a transaction that occurred 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. The trade was a 6.07 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by corporate insiders.

Fidelity National Financial 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.