JPMorgan Chase & Co. Lowers Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

JPMorgan Chase & Co. lessened its stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 6.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,055,256 shares of the financial services provider's stock after selling 74,254 shares during the period. JPMorgan Chase & Co. owned 0.39% of Fidelity National Financial worth $65,489,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. TPG GP A LLC purchased a new position in shares of Fidelity National Financial during the second quarter worth approximately $83,798,000. Victory Capital Management Inc. increased its holdings in Fidelity National Financial by 8.5% during the 2nd quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider's stock worth $404,332,000 after purchasing an additional 640,829 shares during the period. Charles Schwab Investment Management Inc. raised its position in Fidelity National Financial by 3.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,025,159 shares of the financial services provider's stock valued at $498,041,000 after purchasing an additional 289,962 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Fidelity National Financial in the 3rd quarter worth $11,469,000. Finally, CWA Asset Management Group LLC purchased a new position in shares of Fidelity National Financial during the third quarter valued at $11,100,000. Hedge funds and other institutional investors own 81.17% of the company's stock.

Insiders Place Their Bets

In other news, Director Sandra Douglass Morgan sold 2,092 shares of the firm's stock in a transaction dated Tuesday, December 24th. The stock was 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 directly owns 32,386 shares in the company, valued at $1,824,303.38. This trade represents a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 5.20% of the company's stock.

Fidelity National Financial Stock Up 1.5 %

Shares of Fidelity National Financial stock traded up $0.84 during trading on Friday, reaching $56.82. The company's stock had a trading volume of 1,070,507 shares, compared to its average volume of 917,203. Fidelity National Financial, Inc. has a 1-year low of $46.85 and a 1-year high of $64.83. The company has a 50-day simple moving average of $59.77 and a two-hundred day simple moving average of $57.54. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The company has a market cap of $15.55 billion, a price-to-earnings ratio of 20.66 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.11). The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. Fidelity National Financial's revenue was up 29.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.23 EPS. As a group, equities analysts forecast that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.50 per share. This is a positive change from Fidelity National Financial's previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.52%. Fidelity National Financial's dividend payout ratio is presently 72.73%.

Analysts Set New Price Targets

FNF has been the subject of several recent research reports. Barclays boosted their price target on shares of Fidelity National Financial from $56.00 to $59.00 and gave the company an "equal weight" rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods boosted their price objective on shares of Fidelity National Financial from $63.00 to $64.00 and gave the stock a "market perform" rating in a research note on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a "hold" rating to a "buy" rating and lifted their price target for the company from $76.00 to $77.00 in a report on Friday. Finally, Truist Financial upped their price objective 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. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $66.60.

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.