Fidelity National Financial, Inc. (NYSE:FNF) Stake Cut by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 7.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 226,674 shares of the financial services provider's stock after selling 17,055 shares during the quarter. State of Alaska Department of Revenue owned 0.08% of Fidelity National Financial worth $14,066,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new position in Fidelity National Financial during the 2nd quarter worth $26,000. New Covenant Trust Company N.A. bought a new position in Fidelity National Financial during the 1st quarter worth $30,000. Covestor Ltd grew its stake in Fidelity National Financial by 109.0% during the 1st quarter. Covestor Ltd now owns 581 shares of the financial services provider's stock worth $31,000 after buying an additional 303 shares during the last quarter. Salomon & Ludwin LLC grew its stake in Fidelity National Financial by 231.0% during the 1st quarter. Salomon & Ludwin LLC now owns 609 shares of the financial services provider's stock worth $32,000 after buying an additional 425 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in Fidelity National Financial during the 2nd quarter worth $35,000. Institutional investors and hedge funds own 81.17% of the company's stock.

Insider Activity

In other news, Director Halim Dhanidina sold 1,700 shares of the company's stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total transaction of $103,445.00. Following the completion of the sale, the director now directly owns 13,206 shares of the company's stock, valued at $803,585.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 5.20% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on FNF shares. Barclays upped their price objective on Fidelity National Financial from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 8th. Stephens reissued an "overweight" rating and issued a $63.00 price target on shares of Fidelity National Financial in a research note on Thursday, August 15th. Keefe, Bruyette & Woods increased their price target on Fidelity National Financial from $58.00 to $63.00 and gave the stock a "market perform" rating in a research note on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft increased their price target on Fidelity National Financial from $61.00 to $63.00 and gave the stock a "hold" rating in a research note on Wednesday, August 7th. Finally, Truist Financial increased their price target on Fidelity National Financial from $62.00 to $64.00 and gave the stock a "buy" rating in a research note on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Fidelity National Financial has an average rating of "Hold" and an average price target of $62.40.

Fidelity National Financial Price Performance

Shares of Fidelity National Financial stock traded down $0.65 during trading on Friday, hitting $59.96. The stock had a trading volume of 906,615 shares, compared to its average volume of 983,706. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.23 and a quick ratio of 0.23. The firm has a market cap of $16.40 billion, a P/E ratio of 17.90 and a beta of 1.36. The business has a fifty day moving average of $59.95 and a two-hundred day moving average of $54.25. Fidelity National Financial, Inc. has a fifty-two week low of $37.48 and a fifty-two week high of $62.97.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.03). The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.20 billion. Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The company's quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.01 EPS. On average, sell-side analysts expect that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.48 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.92 annualized dividend and a dividend yield of 3.20%. Fidelity National Financial's dividend payout ratio (DPR) is 57.31%.

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.