Corebridge Financial Inc. Sells 13,061 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Corebridge Financial Inc. trimmed its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 4.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 294,146 shares of the financial services provider's stock after selling 13,061 shares during the period. Corebridge Financial Inc. owned 0.11% of Fidelity National Financial worth $16,513,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of FNF. Commerce Bank increased its position in Fidelity National Financial by 3.5% during the third quarter. Commerce Bank now owns 5,991 shares of the financial services provider's stock worth $372,000 after buying an additional 200 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Fidelity National Financial by 32.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 878 shares of the financial services provider's stock worth $55,000 after acquiring an additional 216 shares in the last quarter. Raymond James Trust N.A. boosted its holdings in shares of Fidelity National Financial by 2.0% during the 3rd quarter. Raymond James Trust N.A. now owns 17,258 shares of the financial services provider's stock worth $1,071,000 after buying an additional 341 shares during the period. Citigroup Inc. grew its stake in Fidelity National Financial by 5.8% in the 3rd quarter. Citigroup Inc. now owns 243,350 shares of the financial services provider's stock valued at $15,102,000 after buying an additional 13,327 shares during the last quarter. Finally, Nicolet Advisory Services LLC bought a new position in Fidelity National Financial in the 3rd quarter worth $217,000. Institutional investors and hedge funds own 81.17% of the company's stock.

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Analyst Upgrades and Downgrades

FNF has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a "hold" rating to a "buy" rating and raised their price target for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. StockNews.com downgraded Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Barclays increased their price objective on shares of Fidelity National Financial from $61.00 to $67.00 and gave the company an "equal weight" rating in a research note on Monday, February 24th. Stephens upped their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, February 24th. Finally, Keefe, Bruyette & Woods cut 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. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Fidelity National Financial presently has an average rating of "Moderate Buy" and a consensus target price of $70.40.

Fidelity National Financial Price Performance

Shares of NYSE:FNF traded down $0.16 on Friday, hitting $64.77. The stock had a trading volume of 1,397,628 shares, compared to its average volume of 1,091,246. The company has a market capitalization of $17.81 billion, a price-to-earnings ratio of 13.93 and a beta of 1.32. 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's 50 day moving average price is $60.76 and its 200-day moving average price is $60.07. Fidelity National Financial, Inc. has a twelve month low of $46.85 and a twelve month high of $66.10.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.11. The firm had revenue of $3.62 billion for the quarter, compared to analysts' expectations of $3.33 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. During the same period in the prior year, the firm earned $0.75 earnings per share. 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 firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.09%. Fidelity National Financial's dividend payout ratio (DPR) is presently 43.01%.

Insider Activity at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 2,800 shares of the business's stock in a transaction 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 transaction, the director now owns 16,716 shares of the company's stock, valued at approximately $916,872.60. The trade was a 14.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.20% of the company's stock.

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.