Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Cooke & Bieler LP

Cooke & Bieler LP lowered its stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 4.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,468,553 shares of the financial services provider's stock after selling 276,652 shares during the quarter. Fidelity National Financial makes up approximately 3.0% of Cooke & Bieler LP's investment portfolio, making the stock its 2nd largest position. Cooke & Bieler LP owned approximately 2.00% of Fidelity National Financial worth $307,005,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital Performance Advisors LLP bought a new position in Fidelity National Financial during the third quarter worth about $32,000. Brooklyn Investment Group bought a new position in Fidelity National Financial during the third quarter worth about $35,000. Parkside Financial Bank & Trust grew its holdings in Fidelity National Financial by 50.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider's stock worth $35,000 after purchasing an additional 209 shares during the period. Kestra Investment Management LLC bought a new position in Fidelity National Financial during the fourth quarter worth about $37,000. Finally, True Wealth Design LLC bought a new position in Fidelity National Financial during the third quarter worth about $41,000. Institutional investors and hedge funds own 81.17% of the company's stock.

Insider Activity at Fidelity National Financial

In other Fidelity National Financial news, Director Sandra Douglass Morgan sold 2,092 shares of the business's stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total transaction of $117,842.36. Following the completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Halim Dhanidina sold 2,800 shares of the business's stock in a transaction that occurred on Friday, January 10th. The shares were 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 of the company's stock, valued at approximately $916,872.60. This 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.

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Analyst Upgrades and Downgrades

A number of research firms recently commented on FNF. Stephens lifted their price target on Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, February 24th. 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 report on Friday, January 3rd. Keefe, Bruyette & Woods reduced their price target on Fidelity National Financial from $64.00 to $63.00 and set a "market perform" rating for the company in a report on Wednesday, January 8th. Barclays boosted their price objective on Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. Finally, StockNews.com cut Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Fidelity National Financial currently has an average rating of "Moderate Buy" and an average price target of $70.40.

Fidelity National Financial Price Performance

Shares of FNF stock traded up $1.62 during trading on Friday, hitting $64.83. The company had a trading volume of 1,421,773 shares, compared to its average volume of 1,045,767. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a market capitalization of $17.83 billion, a P/E ratio of 13.94 and a beta of 1.32. The stock's 50-day moving average price is $58.91 and its 200 day moving average price is $59.63. Fidelity National Financial, Inc. has a one year low of $46.85 and a one year high of $65.65.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.11. The business had revenue of $3.62 billion during the quarter, compared to analysts' expectations of $3.33 billion. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. During the same period in the previous year, the company posted $0.75 earnings per share. Equities analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.09%. The ex-dividend date is Monday, March 17th. Fidelity National Financial's dividend payout ratio (DPR) is currently 43.01%.

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.