Brandywine Global Investment Management LLC Sells 11,306 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Brandywine Global Investment Management LLC trimmed its stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 7.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 142,905 shares of the financial services provider's stock after selling 11,306 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.05% of Fidelity National Financial worth $8,023,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Parkside Financial Bank & Trust lifted its stake in Fidelity National Financial by 50.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 209 shares during the last quarter. Kestra Investment Management LLC purchased a new position in shares of Fidelity National Financial during the 4th quarter valued at $37,000. True Wealth Design LLC bought a new position in shares of Fidelity National Financial during the 3rd quarter worth $41,000. Golden State Wealth Management LLC purchased a new stake in Fidelity National Financial in the 4th quarter worth about $52,000. Finally, UMB Bank n.a. raised its stake in Fidelity National Financial by 68.9% in the 4th quarter. UMB Bank n.a. now owns 1,157 shares of the financial services provider's stock valued at $65,000 after acquiring an additional 472 shares during the period. 81.17% of the stock is owned by institutional investors.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial 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 completion of the sale, the director now directly owns 16,716 shares in the company, valued at $916,872.60. The trade was a 14.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.20% of the stock is owned by insiders.

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Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FNF. Barclays lifted their target price on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a "hold" rating to a "buy" rating and raised their price objective for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Stephens boosted their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, February 24th. Keefe, Bruyette & Woods dropped their target price on Fidelity National Financial from $64.00 to $63.00 and set a "market perform" rating on the stock in a research report on Wednesday, January 8th. Finally, StockNews.com cut Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently 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 $4.10 during midday trading on Friday, reaching $60.13. 1,959,301 shares of the stock were exchanged, compared to its average volume of 1,094,602. Fidelity National Financial, Inc. has a 52 week low of $46.85 and a 52 week high of $66.72. 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 cap of $16.54 billion, a PE ratio of 12.93 and a beta of 1.09. The company's fifty day moving average is $61.39 and its 200-day moving average is $60.23.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its quarterly earnings results 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 quarter in the prior year, the firm posted $0.75 earnings per share. On average, sell-side analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.33%. Fidelity National Financial's dividend payout ratio (DPR) is presently 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.