Cullen Frost Bankers Inc. Cuts Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Cullen Frost Bankers Inc. reduced its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 6.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,535 shares of the financial services provider’s stock after selling 1,022 shares during the period. Cullen Frost Bankers Inc.’s holdings in Fidelity National Financial were worth $793,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of FNF. VisionPoint Advisory Group LLC increased its position in Fidelity National Financial by 107.0% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 737 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 381 shares in the last quarter. Authentikos Wealth Advisory LLC acquired a new position in Fidelity National Financial in the third quarter valued at $41,000. Orion Capital Management LLC acquired a new stake in Fidelity National Financial in the 3rd quarter worth about $51,000. SRS Capital Advisors Inc. increased its stake in shares of Fidelity National Financial by 57.9% during the 3rd quarter. SRS Capital Advisors Inc. now owns 1,415 shares of the financial services provider’s stock valued at $58,000 after acquiring an additional 519 shares during the last quarter. Finally, Neo Ivy Capital Management purchased a new position in shares of Fidelity National Financial during the 3rd quarter worth about $63,000. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FNF has been the subject of several recent research reports. Keefe, Bruyette & Woods increased their price target on Fidelity National Financial from $54.00 to $56.00 and gave the company a “market perform” rating in a report on Thursday, March 21st. Truist Financial boosted their price objective on shares of Fidelity National Financial from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Finally, Barclays increased their price target on Fidelity National Financial from $52.00 to $56.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $54.20.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Cary H. Thompson sold 23,410 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $51.11, for a total transaction of $1,196,485.10. Following the completion of the sale, the director now directly owns 40,317 shares of the company’s stock, valued at approximately $2,060,601.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Fidelity National Financial news, Director Cary H. Thompson sold 23,410 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $51.11, for a total value of $1,196,485.10. Following the completion of the sale, the director now directly owns 40,317 shares of the company’s stock, valued at approximately $2,060,601.87. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Halim Dhanidina sold 3,000 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $50.64, for a total value of $151,920.00. Following the transaction, the director now owns 14,906 shares in the company, valued at $754,839.84. The disclosure for this sale can be found here. Company insiders own 5.40% of the company’s stock.

Fidelity National Financial Stock Up 0.9 %

FNF stock opened at $52.60 on Friday. Fidelity National Financial, Inc. has a fifty-two week low of $33.61 and a fifty-two week high of $53.96. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.52. The stock has a market cap of $14.37 billion, a PE ratio of 27.54 and a beta of 1.33. The firm’s 50-day simple moving average is $50.75 and its 200 day simple moving average is $48.56.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, May 8th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.08). Fidelity National Financial had a return on equity of 13.91% and a net margin of 4.40%. The firm had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the previous year, the firm earned $0.52 EPS. Fidelity National Financial’s revenue for the quarter was up 33.3% on a year-over-year basis. As a group, sell-side analysts predict that Fidelity National Financial, Inc. will post 4.83 EPS for the current year.

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.65%. The ex-dividend date is Friday, June 14th. Fidelity National Financial’s payout ratio is 100.52%.

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.