Victory Capital Management Inc. Sells 1,060,932 Shares of Fidelity National Financial, Inc. $FNF

Victory Capital Management Inc. decreased its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 11.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,849,769 shares of the financial services provider’s stock after selling 1,060,932 shares during the period. Victory Capital Management Inc. owned 2.89% of Fidelity National Financial worth $474,833,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Quent Capital LLC purchased a new stake in Fidelity National Financial in the third quarter worth $26,000. Elevation Point Wealth Partners LLC bought a new position in Fidelity National Financial in the 2nd quarter worth $29,000. Mather Group LLC. bought a new position in Fidelity National Financial in the 3rd quarter worth $29,000. Atlantic Union Bankshares Corp lifted its position in shares of Fidelity National Financial by 997.7% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 472 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 429 shares during the period. Finally, Headlands Technologies LLC bought a new stake in shares of Fidelity National Financial during the 2nd quarter valued at about $32,000. 81.17% of the stock is currently owned by institutional investors.

Fidelity National Financial Price Performance

Shares of NYSE:FNF opened at $51.66 on Tuesday. The company has a market capitalization of $14.52 billion, a PE ratio of 24.30, a PEG ratio of 0.67 and a beta of 0.99. The business has a fifty day moving average price of $54.52 and a 200-day moving average price of $56.83. Fidelity National Financial, Inc. has a 1-year low of $50.56 and a 1-year high of $66.72. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.24 and a quick ratio of 0.24.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Thursday, February 19th. The financial services provider reported $1.41 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.10). The firm had revenue of $4.05 billion for the quarter, compared to analysts’ expectations of $3.66 billion. Fidelity National Financial had a net margin of 4.17% and a return on equity of 15.06%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the company posted $1.34 earnings per share. As a group, equities analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $2.08 annualized dividend and a dividend yield of 4.0%. Fidelity National Financial’s dividend payout ratio (DPR) is 97.65%.

Insiders Place Their Bets

In related news, Director Halim Dhanidina sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $55.90, for a total value of $335,400.00. Following the transaction, the director directly owned 13,186 shares of the company’s stock, valued at approximately $737,097.40. This represents a 31.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 5.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

FNF has been the subject of a number of research reports. Wall Street Zen downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Monday, January 26th. Weiss Ratings reissued a “buy (b-)” rating on shares of Fidelity National Financial in a research report on Monday, December 29th. National Bank Financial set a $71.00 target price on Fidelity National Financial in a research note on Monday, February 23rd. Barclays reduced their price target on 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. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Fidelity National Financial from $70.00 to $71.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.33.

Fidelity National Financial 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.