New York State Common Retirement Fund Sells 9,000 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

New York State Common Retirement Fund cut its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 6.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 137,743 shares of the financial services provider's stock after selling 9,000 shares during the period. New York State Common Retirement Fund owned approximately 0.05% of Fidelity National Financial worth $7,733,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its stake in 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 in the last quarter. PFG Investments LLC bought a new stake in shares of Fidelity National Financial in the 3rd quarter valued at $202,000. Wealth Enhancement Advisory Services LLC raised its stake in Fidelity National Financial by 18.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 24,746 shares of the financial services provider's stock worth $1,536,000 after buying an additional 3,866 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in Fidelity National Financial by 13.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 73,492 shares of the financial services provider's stock worth $4,469,000 after acquiring an additional 8,623 shares in the last quarter. Finally, Pallas Capital Advisors LLC acquired a new position in Fidelity National Financial in the third quarter valued at about $328,000. Institutional investors own 81.17% of the company's stock.

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Fidelity National Financial Stock Up 2.8 %

Shares of FNF stock traded up $1.73 during trading on Friday, reaching $64.51. The company's stock had a trading volume of 1,943,645 shares, compared to its average volume of 1,053,558. Fidelity National Financial, Inc. has a one year low of $46.85 and a one year high of $64.83. The business has a fifty day moving average price of $57.75 and a 200-day moving average price of $59.29. The company has a market cap of $17.65 billion, a price-to-earnings ratio of 13.87 and a beta of 1.39. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, topping the consensus estimate of $1.23 by $0.11. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The firm had revenue of $3.62 billion for the quarter, compared to analysts' expectations of $3.33 billion. During the same period in the previous year, the firm posted $0.75 EPS. Analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The business 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 of this dividend is Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 3.10%. Fidelity National Financial's dividend payout ratio (DPR) is presently 43.01%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on FNF shares. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a "hold" rating to a "buy" rating and lifted their price objective for the company from $76.00 to $77.00 in a report on Friday, January 3rd. Truist Financial lifted their price target 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. StockNews.com raised shares of Fidelity National Financial from a "hold" rating to a "buy" rating in a research report on Monday, February 24th. Stephens boosted their price objective on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a research report on Monday, February 24th. Finally, Barclays upped 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. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Fidelity National Financial has an average rating of "Moderate Buy" and a consensus target price of $70.40.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Sandra Douglass Morgan sold 2,092 shares of the company's stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total value 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 represents a 6.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the director now 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 disclosure for this sale can be found here. Corporate insiders own 5.20% of the company's stock.

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.