Sei Investments Co. Lowers Position in Fidelity National Financial, Inc. (NYSE:FNF)

Sei Investments Co. lowered its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 30.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 148,167 shares of the financial services provider's stock after selling 63,364 shares during the period. Sei Investments Co. owned 0.05% of Fidelity National Financial worth $8,318,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parkside Financial Bank & Trust grew its stake in Fidelity National Financial by 50.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider's stock worth $35,000 after purchasing an additional 209 shares during the period. Kestra Investment Management LLC bought a new position in Fidelity National Financial during the 4th quarter valued at approximately $37,000. True Wealth Design LLC purchased a new position in Fidelity National Financial during the third quarter valued at $41,000. Golden State Wealth Management LLC purchased a new position in Fidelity National Financial during the fourth quarter valued at $52,000. Finally, UMB Bank n.a. boosted its holdings in Fidelity National Financial by 68.9% in the fourth quarter. UMB Bank n.a. now owns 1,157 shares of the financial services provider's stock worth $65,000 after acquiring an additional 472 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company's stock.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 2,800 shares of the stock in a transaction on Friday, January 10th. The shares were 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 of the company's stock, valued at $916,872.60. This represents a 14.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 5.20% of the company's stock.

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Fidelity National Financial Stock Performance

FNF stock traded down $2.35 on Thursday, hitting $64.24. The company had a trading volume of 1,949,263 shares, compared to its average volume of 1,092,854. The stock has a market cap of $17.67 billion, a price-to-earnings ratio of 13.82 and a beta of 1.09. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The stock's 50-day simple moving average is $61.34 and its 200 day simple moving average is $60.24. Fidelity National Financial, Inc. has a 12-month low of $46.85 and a 12-month high of $66.72.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released 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. The firm had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.33 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. During the same quarter in the prior year, the firm earned $0.75 EPS. As a group, equities research analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date was Monday, March 17th. Fidelity National Financial's payout ratio is 43.01%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Stephens raised their price target on Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, February 24th. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a "hold" rating to a "buy" rating and lifted their target price for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Barclays increased their price target on shares of Fidelity National Financial from $61.00 to $67.00 and gave the company an "equal weight" rating in a report on Monday, February 24th. StockNews.com lowered shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Finally, Keefe, Bruyette & Woods cut their target price 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $70.40.

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.