Principal Financial Group Inc. Sells 428,504 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Principal Financial Group Inc. lessened its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 8.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,701,619 shares of the financial services provider's stock after selling 428,504 shares during the quarter. Principal Financial Group Inc. owned approximately 1.72% of Fidelity National Financial worth $291,775,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Fidelity National Financial by 2.8% in the first quarter. Vanguard Group Inc. now owns 26,875,738 shares of the financial services provider's stock valued at $1,427,102,000 after buying an additional 728,768 shares during the last quarter. Windacre Partnership LLC increased its stake in shares of Fidelity National Financial by 9.6% in the first quarter. Windacre Partnership LLC now owns 16,249,267 shares of the financial services provider's stock valued at $862,836,000 after purchasing an additional 1,424,767 shares during the period. Victory Capital Management Inc. boosted its position in shares of Fidelity National Financial by 8.5% during the second quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider's stock worth $404,332,000 after buying an additional 640,829 shares during the period. Cooke & Bieler LP grew its holdings in Fidelity National Financial by 3.2% in the 2nd quarter. Cooke & Bieler LP now owns 5,937,596 shares of the financial services provider's stock worth $293,436,000 after buying an additional 184,078 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Fidelity National Financial by 2.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,428,258 shares of the financial services provider's stock valued at $169,421,000 after acquiring an additional 77,118 shares during the period. Institutional investors own 81.17% of the company's stock.

Fidelity National Financial Stock Up 2.8 %

NYSE FNF traded up $1.63 during trading on Friday, reaching $60.75. The company's stock had a trading volume of 666,322 shares, compared to its average volume of 1,212,212. The business has a 50-day moving average price of $60.27 and a 200-day moving average price of $54.92. Fidelity National Financial, Inc. has a 1-year low of $43.11 and a 1-year high of $62.97. The stock has a market capitalization of $16.61 billion, a PE ratio of 17.65 and a beta of 1.37. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.52.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its 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). Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter last year, the business earned $1.23 earnings per share. Fidelity National Financial's quarterly revenue was up 29.7% on a year-over-year basis. On average, research analysts forecast that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a $0.50 dividend. This is a positive change from Fidelity National Financial's previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a yield of 3.29%. Fidelity National Financial's dividend payout ratio (DPR) is presently 57.31%.

Insiders Place Their Bets

In other news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial stock in a transaction dated 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 directly owns 13,206 shares in the company, valued at approximately $803,585.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 5.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Truist Financial increased their target price on shares of Fidelity National Financial from $62.00 to $64.00 and gave the company a "buy" rating in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Fidelity National Financial from $61.00 to $63.00 and gave the company a "hold" rating in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods increased their target price on shares of Fidelity National Financial from $58.00 to $63.00 and gave the company a "market perform" rating in a research note on Wednesday, September 4th. Stephens restated an "overweight" rating and issued a $63.00 price target on shares of Fidelity National Financial in a research report on Thursday, August 15th. Finally, Barclays upped their price objective 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. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Fidelity National Financial presently has an average rating of "Hold" and a consensus price target of $62.40.

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.