Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Tiff Advisory Services LLC

Tiff Advisory Services LLC reduced its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 64.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 43,993 shares of the financial services provider's stock after selling 81,521 shares during the period. Fidelity National Financial accounts for about 0.8% of Tiff Advisory Services LLC's portfolio, making the stock its 16th largest position. Tiff Advisory Services LLC's holdings in Fidelity National Financial were worth $2,470,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FNF. Wealth Enhancement Advisory Services LLC boosted its stake in Fidelity National Financial by 18.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 24,746 shares of the financial services provider's stock valued at $1,536,000 after acquiring an additional 3,866 shares in the last quarter. abrdn plc boosted its position in shares of Fidelity National Financial by 28.1% in the 3rd quarter. abrdn plc now owns 69,950 shares of the financial services provider's stock worth $4,341,000 after purchasing an additional 15,355 shares in the last quarter. First Trust Direct Indexing L.P. grew its stake in Fidelity National Financial by 40.1% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 6,117 shares of the financial services provider's stock worth $380,000 after buying an additional 1,751 shares during the last quarter. US Bancorp DE grew its stake in Fidelity National Financial by 4.0% during the 3rd quarter. US Bancorp DE now owns 20,718 shares of the financial services provider's stock worth $1,286,000 after buying an additional 799 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in Fidelity National Financial by 28.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,248 shares of the financial services provider's stock valued at $201,000 after buying an additional 712 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company's stock.

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Insider Activity

In other news, Director Halim Dhanidina sold 2,800 shares of the 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 transaction, the director now owns 16,716 shares in the company, valued at $916,872.60. This trade represents a 14.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Sandra Douglass Morgan sold 2,092 shares of Fidelity National Financial stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total transaction of $117,842.36. Following the completion of the sale, the director now directly owns 32,386 shares in the company, valued at $1,824,303.38. This represents a 6.07 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.20% of the company's stock.

Fidelity National Financial Stock Performance

Fidelity National Financial stock traded down $0.09 during midday trading on Friday, hitting $62.97. 1,106,566 shares of the company were exchanged, compared to its average volume of 1,087,501. Fidelity National Financial, Inc. has a fifty-two week low of $46.85 and a fifty-two week high of $65.65. The firm has a market capitalization of $17.23 billion, a PE ratio of 13.54 and a beta of 1.31. The business has a fifty day simple moving average of $58.29 and a two-hundred day simple moving average of $59.47. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, topping analysts' consensus estimates of $1.23 by $0.11. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The business had revenue of $3.62 billion for the quarter, compared to analysts' expectations of $3.33 billion. During the same quarter last year, the company earned $0.75 EPS. On average, sell-side analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.18%. The ex-dividend date is Monday, March 17th. Fidelity National Financial's payout ratio is currently 43.01%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FNF. StockNews.com downgraded Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Tuesday. Truist Financial lifted their target price on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Barclays upped 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 research note on Monday, February 24th. Keefe, Bruyette & Woods reduced their price objective on Fidelity National Financial from $64.00 to $63.00 and set a "market perform" rating for the company in a research note on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a "hold" rating to a "buy" rating and upped their price objective for the company from $76.00 to $77.00 in a report on Friday, January 3rd. Three equities research 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 has a consensus rating of "Moderate Buy" and a consensus price target of $70.40.

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.