PNC Financial Services Group Inc. Cuts Stake in Fidelity National Financial, Inc. (NYSE:FNF)

PNC Financial Services Group Inc. decreased its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 2.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 420,284 shares of the financial services provider's stock after selling 10,779 shares during the quarter. PNC Financial Services Group Inc. owned about 0.15% of Fidelity National Financial worth $26,083,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Opal Wealth Advisors LLC acquired a new stake in Fidelity National Financial during the 2nd quarter valued at approximately $26,000. New Covenant Trust Company N.A. acquired a new position in shares of Fidelity National Financial during the 1st quarter valued at about $30,000. Covestor Ltd lifted its position in Fidelity National Financial by 109.0% in the first quarter. Covestor Ltd now owns 581 shares of the financial services provider's stock valued at $31,000 after buying an additional 303 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Fidelity National Financial in the third quarter valued at about $32,000. Finally, International Assets Investment Management LLC purchased a new stake in Fidelity National Financial during the second quarter worth about $35,000. Institutional investors own 81.17% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on FNF. Barclays increased 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 research note on Tuesday, October 8th. Truist Financial increased their price target on Fidelity National Financial from $64.00 to $70.00 and gave the stock a "buy" rating in a report on Monday, November 11th. 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 report on Wednesday, September 4th. Stephens reaffirmed an "overweight" rating and set a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. Finally, Deutsche Bank Aktiengesellschaft lifted 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. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $63.60.

Fidelity National Financial Trading Up 2.1 %

Shares of FNF stock traded up $1.30 on Friday, reaching $61.96. 1,054,313 shares of the stock were exchanged, compared to its average volume of 1,201,689. The stock has a market cap of $16.95 billion, a PE ratio of 22.53 and a beta of 1.37. Fidelity National Financial, Inc. has a one year low of $44.10 and a one year high of $62.97. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a 50 day moving average price of $60.66 and a 200 day moving average price of $55.73.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.11). Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the previous year, the company posted $1.23 EPS. The business's revenue was up 29.7% on a year-over-year basis. Equities research analysts forecast that Fidelity National Financial, Inc. will post 4.5 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.23%. This is a boost from Fidelity National Financial's previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, December 17th. Fidelity National Financial's dividend payout ratio is presently 72.73%.

Insider Activity

In other news, Director Halim Dhanidina sold 1,700 shares of the business's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total value of $103,445.00. Following the transaction, the director now owns 13,206 shares in the company, valued at $803,585.10. The trade was a 11.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.20% of the stock is owned by corporate insiders.

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.