Principal Financial Group Inc. Trims Position in Fidelity National Financial, Inc. (NYSE:FNF)

Principal Financial Group Inc. lowered its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,567,930 shares of the financial services provider's stock after selling 133,689 shares during the quarter. Principal Financial Group Inc. owned about 1.67% of Fidelity National Financial worth $256,450,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Fidelity National Financial by 29.8% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,585 shares of the financial services provider's stock worth $1,588,000 after purchasing an additional 5,879 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Fidelity National Financial by 257.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 19,498 shares of the financial services provider's stock worth $1,210,000 after purchasing an additional 14,042 shares during the period. Wealth Effects LLC bought a new position in Fidelity National Financial in the 3rd quarter worth about $239,000. Sterling Investment Counsel LLC boosted its stake in Fidelity National Financial by 123.2% in the 3rd quarter. Sterling Investment Counsel LLC now owns 9,446 shares of the financial services provider's stock worth $586,000 after purchasing an additional 5,214 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in Fidelity National Financial by 6,061.9% in the 3rd quarter. International Assets Investment Management LLC now owns 43,380 shares of the financial services provider's stock worth $26,920,000 after purchasing an additional 42,676 shares during the period. Hedge funds and other institutional investors own 81.17% of the company's stock.

Fidelity National Financial Price Performance

Shares of FNF traded up $1.93 during trading hours on Friday, reaching $59.50. 2,062,488 shares of the company's stock traded hands, compared to its average volume of 934,179. The firm's 50 day simple moving average is $57.26 and its 200-day simple moving average is $58.96. The stock has a market cap of $16.28 billion, a PE ratio of 21.64 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 has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, topping analysts' consensus estimates of $1.23 by $0.11. The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.33 billion. Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. During the same quarter in the previous year, the company posted $0.75 EPS. Equities analysts expect that Fidelity National Financial, Inc. will post 4.57 EPS for the current year.

Fidelity National Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.36%. Fidelity National Financial's payout ratio is 72.73%.

Analyst Ratings Changes

Several brokerages have commented on FNF. Truist Financial raised their target price on Fidelity National Financial from $64.00 to $70.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Keefe, Bruyette & Woods dropped their price target on Fidelity National Financial from $64.00 to $63.00 and set a "market perform" rating for the company in a research report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a "hold" rating to a "buy" rating and lifted their price target for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $66.40.

Insider Buying and Selling

In other Fidelity National Financial news, Director Sandra Douglass Morgan sold 2,092 shares of Fidelity National Financial stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total value of $117,842.36. Following the transaction, the director now directly owns 32,386 shares of the company's stock, valued at $1,824,303.38. The trade was a 6.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $54.85, for a total value of $153,580.00. Following the completion of the transaction, the director now directly owns 16,716 shares in the company, valued at $916,872.60. This trade represents a 14.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by corporate insiders.

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.