First Eagle Investment Management LLC Sells 16,494 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

First Eagle Investment Management LLC reduced its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,091,774 shares of the financial services provider’s stock after selling 16,494 shares during the quarter. First Eagle Investment Management LLC’s holdings in Fidelity National Financial were worth $341,992,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Brooklyn Investment Group purchased a new position in shares of Fidelity National Financial during the third quarter valued at about $35,000. Parkside Financial Bank & Trust increased its holdings in Fidelity National Financial by 50.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock valued at $35,000 after buying an additional 209 shares during the period. Kestra Investment Management LLC purchased a new position in Fidelity National Financial in the fourth quarter worth $37,000. True Wealth Design LLC purchased a new stake in shares of Fidelity National Financial during the third quarter valued at $41,000. Finally, Larson Financial Group LLC lifted its position in Fidelity National Financial by 141.1% during the third quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 402 shares during the period. 81.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Fidelity National Financial Price Performance

Fidelity National Financial stock opened at $63.36 on Friday. The company has a fifty day simple moving average of $58.91 and a 200-day simple moving average of $59.63. Fidelity National Financial, Inc. has a 12-month low of $46.85 and a 12-month high of $65.65. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The stock has a market cap of $17.42 billion, a P/E ratio of 13.62 and a beta of 1.32.

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

Fidelity National Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.16%. The ex-dividend date is Monday, March 17th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 43.01%.

Insider Activity at Fidelity National Financial

In other news, Director Sandra Douglass Morgan sold 2,092 shares of the company’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total value of $117,842.36. Following the completion of the transaction, the director now directly owns 32,386 shares in the company, valued at approximately $1,824,303.38. This represents a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 owns 16,716 shares in the company, valued at approximately $916,872.60. The trade was a 14.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

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.