Fidelity National Financial, Inc. $FNF Position Reduced by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 3.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 308,818 shares of the financial services provider’s stock after selling 10,070 shares during the period. Retirement Systems of Alabama’s holdings in Fidelity National Financial were worth $18,680,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Quent Capital LLC acquired a new stake in Fidelity National Financial during the third quarter valued at approximately $26,000. Blue Trust Inc. increased its holdings in shares of Fidelity National Financial by 4,545.5% in the 2nd quarter. Blue Trust Inc. now owns 511 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 500 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Fidelity National Financial during the 2nd quarter valued at approximately $29,000. Mather Group LLC. bought a new position in Fidelity National Financial during the third quarter worth $29,000. Finally, Headlands Technologies LLC acquired a new position in Fidelity National Financial in the second quarter worth $32,000. Institutional investors own 81.17% of the company’s stock.

Insiders Place Their Bets

In other Fidelity National Financial news, Director Daniel D. Lane sold 6,367 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $57.63, for a total transaction of $366,930.21. Following the transaction, the director owned 276,308 shares of the company’s stock, valued at approximately $15,923,630.04. This trade represents a 2.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Halim Dhanidina sold 6,000 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $55.90, for a total transaction of $335,400.00. Following the sale, the director owned 13,186 shares in the company, valued at $737,097.40. This trade represents a 31.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 5.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Stephens initiated coverage on shares of Fidelity National Financial in a report on Friday, November 14th. They set an “overweight” rating on the stock. Barclays dropped their price objective on shares of Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 6th. National Bankshares set a $63.00 target price on Fidelity National Financial in a research note on Tuesday, January 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Fidelity National Financial in a research report on Monday, December 29th. Finally, Wall Street Zen lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Monday. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.25.

Fidelity National Financial Price Performance

Shares of NYSE:FNF opened at $54.84 on Tuesday. The firm’s 50 day moving average is $56.01 and its two-hundred day moving average is $57.15. The firm has a market capitalization of $15.42 billion, a P/E ratio of 13.23 and a beta of 1.00. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a 52 week low of $50.61 and a 52 week high of $66.72.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Monday, November 10th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.43 by $0.20. Fidelity National Financial had a return on equity of 15.06% and a net margin of 8.34%.The business had revenue of $4.03 billion during the quarter, compared to analyst estimates of $3.57 billion. During the same period in the prior year, the company posted $1.30 EPS. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. Analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th were paid a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, December 17th. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a dividend yield of 3.8%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 50.12%.

Fidelity National Financial Company Profile

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.