SG Americas Securities LLC Has $1.15 Million Position in Fidelity National Financial, Inc. (NYSE:FNF)

SG Americas Securities LLC trimmed its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 42.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,435 shares of the financial services provider's stock after selling 14,818 shares during the period. SG Americas Securities LLC's holdings in Fidelity National Financial were worth $1,147,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Swedbank AB boosted its position in Fidelity National Financial by 25.1% in the 3rd quarter. Swedbank AB now owns 42,375 shares of the financial services provider's stock valued at $2,630,000 after buying an additional 8,511 shares during the last quarter. Everence Capital Management Inc. purchased a new position in Fidelity National Financial in the fourth quarter valued at about $621,000. Horizon Kinetics Asset Management LLC increased its holdings in Fidelity National Financial by 35.1% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 58,071 shares of the financial services provider's stock worth $3,604,000 after purchasing an additional 15,100 shares during the last quarter. Barclays PLC boosted its stake in shares of Fidelity National Financial by 4.4% during the 3rd quarter. Barclays PLC now owns 216,755 shares of the financial services provider's stock valued at $13,451,000 after buying an additional 9,146 shares during the last quarter. Finally, Cyndeo Wealth Partners LLC grew its position in shares of Fidelity National Financial by 8.0% during the third quarter. Cyndeo Wealth Partners LLC now owns 116,894 shares of the financial services provider's stock worth $7,254,000 after buying an additional 8,618 shares in the last quarter. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Performance

FNF stock traded down $1.37 during trading on Tuesday, reaching $58.03. 771,586 shares of the company's stock were exchanged, compared to its average volume of 991,029. Fidelity National Financial, Inc. has a 1-year low of $46.85 and a 1-year high of $64.83. The firm has a market cap of $15.88 billion, a PE ratio of 21.10 and a beta of 1.38. The company's fifty day moving average price is $58.71 and its 200-day moving average price is $58.55. 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 posted its quarterly earnings data 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 return on equity of 13.72% and a net margin of 5.57%. The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same period in the previous year, the company earned $1.23 EPS. The business's revenue for the quarter was up 29.7% compared to the same quarter last year. On average, research analysts expect that Fidelity National Financial, Inc. will post 4.57 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.50 per share. 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 3.45%. The ex-dividend date of this dividend was Tuesday, December 17th. Fidelity National Financial's dividend payout ratio (DPR) is presently 72.73%.

Insider Activity

In related news, Director Sandra Douglass Morgan sold 2,092 shares of the business's stock in a transaction that occurred on 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 in the company, valued at $1,824,303.38. The trade was a 6.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Halim Dhanidina sold 2,800 shares of the firm's stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $54.85, for a total transaction of $153,580.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on FNF shares. Keefe, Bruyette & Woods decreased their price objective on shares of Fidelity National Financial from $64.00 to $63.00 and set a "market perform" rating for the company in a report on Wednesday, January 8th. Truist Financial boosted their target price 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. Barclays increased their price target on Fidelity National Financial from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a "hold" rating to a "buy" rating and upped their price objective for the stock from $76.00 to $77.00 in a research note on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $66.40.

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.