Legacy Capital Wealth Partners LLC lowered its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 54.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,445 shares of the financial services provider's stock after selling 9,986 shares during the quarter. Legacy Capital Wealth Partners LLC's holdings in Fidelity National Financial were worth $474,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Fidelity National Financial by 29.8% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,585 shares of the financial services provider's stock worth $1,588,000 after buying an additional 5,879 shares during the last quarter. Net Worth Advisory Group acquired a new stake in Fidelity National Financial in the 3rd quarter worth approximately $365,000. Embree Financial Group boosted its position in Fidelity National Financial by 5.7% during the third quarter. Embree Financial Group now owns 6,438 shares of the financial services provider's stock worth $400,000 after purchasing an additional 345 shares during the period. Cyndeo Wealth Partners LLC grew its holdings in Fidelity National Financial by 8.0% during the third quarter. Cyndeo Wealth Partners LLC now owns 116,894 shares of the financial services provider's stock valued at $7,254,000 after purchasing an additional 8,618 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Fidelity National Financial by 257.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 19,498 shares of the financial services provider's stock valued at $1,210,000 after purchasing an additional 14,042 shares during the period. Institutional investors and hedge funds own 81.17% of the company's stock.
Insider Buying and Selling at Fidelity National Financial
In related news, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $54.85, for a total value 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. This trade represents a 14.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sandra Douglass Morgan sold 2,092 shares of the business's stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the sale, the director now directly 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. Corporate insiders own 5.20% of the company's stock.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the stock. Truist Financial raised their target price on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a "buy" rating in a research note on Monday, November 11th. 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. Finally, Keefe, Bruyette & Woods dropped their price objective on Fidelity National Financial from $64.00 to $63.00 and set a "market perform" rating on the stock in a research note on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $66.40.
Check Out Our Latest Research Report on FNF
Fidelity National Financial Price Performance
Shares of NYSE:FNF traded down $0.77 during midday trading on Thursday, reaching $57.64. 1,087,666 shares of the company's stock were exchanged, compared to its average volume of 899,990. Fidelity National Financial, Inc. has a 12 month low of $46.85 and a 12 month high of $64.83. 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 capitalization of $15.77 billion, a PE ratio of 20.96 and a beta of 1.39. The company's 50 day simple moving average is $57.31 and its two-hundred day simple moving average is $58.97.
Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.23 by $0.11. Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. During the same period last year, the business posted $0.75 EPS. Equities research analysts expect that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current fiscal year.
About Fidelity National Financial
(
Free Report)
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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