abrdn plc Sells 13,394 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

abrdn plc lowered its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 19.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,556 shares of the financial services provider's stock after selling 13,394 shares during the quarter. abrdn plc's holdings in Fidelity National Financial were worth $3,172,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Swedbank AB lifted its holdings in shares of Fidelity National Financial by 25.1% in the third quarter. Swedbank AB now owns 42,375 shares of the financial services provider's stock worth $2,630,000 after buying an additional 8,511 shares in the last quarter. Everence Capital Management Inc. purchased a new stake in Fidelity National Financial in the 4th quarter worth $621,000. Horizon Kinetics Asset Management LLC boosted its holdings in shares of Fidelity National Financial by 35.1% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 58,071 shares of the financial services provider's stock valued at $3,604,000 after purchasing an additional 15,100 shares during the last quarter. Barclays PLC grew its position in shares of Fidelity National Financial by 4.4% during the third quarter. Barclays PLC now owns 216,755 shares of the financial services provider's stock valued at $13,451,000 after purchasing an additional 9,146 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Fidelity National Financial by 19.8% during the 4th quarter. GAMMA Investing LLC now owns 7,458 shares of the financial services provider's stock valued at $419,000 after buying an additional 1,233 shares in the last quarter. Institutional investors own 81.17% of the company's stock.

Insiders Place Their Bets

In related news, Director Sandra Douglass Morgan sold 2,092 shares of Fidelity National Financial stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total value of $117,842.36. Following the completion of the sale, the director now directly owns 32,386 shares in the company, valued at $1,824,303.38. The trade was a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Halim Dhanidina sold 2,800 shares of the 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 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.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Keefe, Bruyette & Woods decreased their price objective on Fidelity National Financial from $64.00 to $63.00 and set a "market perform" rating on the stock in a report on Wednesday, January 8th. Truist Financial upped their target price on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a "hold" rating to a "buy" rating and lifted their price target for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Fidelity National Financial presently has an average rating of "Moderate Buy" and a consensus target price of $66.40.

Fidelity National Financial Trading Up 1.5 %

Shares of FNF stock traded up $0.83 during trading hours on Thursday, reaching $57.68. 898,217 shares of the stock were exchanged, compared to its average volume of 894,459. The firm has a market capitalization of $15.78 billion, a price-to-earnings ratio of 20.98 and a beta of 1.39. Fidelity National Financial, Inc. has a 12-month low of $46.85 and a 12-month high of $64.83. The company's 50-day moving average price is $57.62 and its 200-day moving average price is $58.87. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47.

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.