Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Assetmark Inc.

Assetmark Inc. decreased its stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 4.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 99,693 shares of the financial services provider's stock after selling 4,745 shares during the period. Assetmark Inc.'s holdings in Fidelity National Financial were worth $5,597,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Capital Performance Advisors LLP acquired a new position in shares of Fidelity National Financial in the 3rd quarter valued at $32,000. Brooklyn Investment Group acquired a new position in shares of Fidelity National Financial in the 3rd quarter valued at $35,000. Parkside Financial Bank & Trust boosted its holdings in shares of Fidelity National Financial by 50.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider's stock valued at $35,000 after buying an additional 209 shares in the last quarter. Kestra Investment Management LLC acquired a new position in shares of Fidelity National Financial in the 4th quarter valued at $37,000. Finally, True Wealth Design LLC acquired a new position in shares of Fidelity National Financial in the 3rd quarter valued at $41,000. Institutional investors and hedge funds own 81.17% of the company's stock.

Fidelity National Financial Stock Down 0.1 %

FNF stock opened at $62.97 on Friday. Fidelity National Financial, Inc. has a one year low of $46.85 and a one year high of $65.65. The stock has a market capitalization of $17.23 billion, a PE ratio of 13.54 and a beta of 1.31. 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 company has a fifty day moving average of $58.42 and a 200-day moving average of $59.52.

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

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.50 dividend. The ex-dividend date is Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.18%. Fidelity National Financial's dividend payout ratio is presently 43.01%.

Insider Activity

In other news, Director Sandra Douglass Morgan sold 2,092 shares of the stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total value of $117,842.36. Following the completion of the transaction, the director now owns 32,386 shares in the company, valued at $1,824,303.38. This trade represents a 6.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Halim Dhanidina sold 2,800 shares of the stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $54.85, for a total transaction of $153,580.00. Following the completion of the transaction, the director now owns 16,716 shares of the company's stock, valued at $916,872.60. This represents a 14.35 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.20% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. StockNews.com cut shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Truist Financial increased their price target on shares of 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 decreased their price target on shares of Fidelity National Financial from $64.00 to $63.00 and set a "market perform" rating for the company in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a "hold" rating to a "buy" rating and increased their price target for the stock from $76.00 to $77.00 in a research note on Friday, January 3rd. Finally, Stephens increased their price target on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, February 24th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Fidelity National Financial presently has an average rating of "Moderate Buy" and a consensus target price of $70.40.

Fidelity National Financial Company Profile

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.

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