Bank of New York Mellon Corp Sells 43,709 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Bank of New York Mellon Corp cut its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,926,359 shares of the financial services provider's stock after selling 43,709 shares during the quarter. Bank of New York Mellon Corp owned 1.07% of Fidelity National Financial worth $164,286,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new position in Fidelity National Financial in the 3rd quarter valued at $32,000. Brooklyn Investment Group bought a new position in shares of Fidelity National Financial in the third quarter worth $35,000. Kestra Investment Management LLC bought a new position in shares of Fidelity National Financial in the fourth quarter worth $37,000. True Wealth Design LLC acquired a new position in Fidelity National Financial in the third quarter valued at about $41,000. Finally, Larson Financial Group LLC lifted its position in Fidelity National Financial by 141.1% during the third quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider's stock worth $43,000 after purchasing an additional 402 shares during the period. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Fidelity National Financial news, 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 sale, the director now directly owns 16,716 shares of the company's stock, valued at $916,872.60. The trade was a 14.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sandra Douglass Morgan sold 2,092 shares of the company'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 owns 32,386 shares of the company's stock, valued at approximately $1,824,303.38. This trade represents a 6.07 % 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 insiders.

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Analysts Set New Price Targets

FNF has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a "hold" rating to a "buy" rating and raised their target price for the company from $76.00 to $77.00 in a report on Friday, January 3rd. StockNews.com cut shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday. Truist Financial upped 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. Stephens raised their target price on Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, February 24th. Finally, Keefe, Bruyette & Woods lowered 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. 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 stock currently has an average rating of "Moderate Buy" and an average price target of $70.40.

Fidelity National Financial Price Performance

Fidelity National Financial stock traded down $1.59 during mid-day trading on Tuesday, reaching $63.21. The company had a trading volume of 1,109,297 shares, compared to its average volume of 1,064,157. The business has a fifty day simple moving average of $57.92 and a 200 day simple moving average of $59.37. The company has a market cap of $17.30 billion, a P/E ratio of 13.59 and a beta of 1.39. Fidelity National Financial, Inc. has a fifty-two week low of $46.85 and a fifty-two week high of $65.65. 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 quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.11. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter last year, the business posted $0.75 EPS. On average, equities research analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The company 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 dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Monday, March 17th. Fidelity National Financial's dividend payout ratio (DPR) is currently 43.01%.

Fidelity National Financial 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.