Vestcor Inc Trims Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Vestcor Inc trimmed its stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 35.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,260 shares of the financial services provider's stock after selling 7,376 shares during the period. Vestcor Inc's holdings in Fidelity National Financial were worth $744,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FNF. Metis Global Partners LLC purchased a new stake in shares of Fidelity National Financial in the 3rd quarter worth $205,000. CIBC Asset Management Inc increased its stake in shares of Fidelity National Financial by 3.2% in the 3rd quarter. CIBC Asset Management Inc now owns 16,022 shares of the financial services provider's stock worth $994,000 after purchasing an additional 499 shares in the last quarter. Sheaff Brock Investment Advisors LLC purchased a new stake in shares of Fidelity National Financial in the 3rd quarter worth $218,000. Empowered Funds LLC increased its stake in shares of Fidelity National Financial by 3.6% in the 3rd quarter. Empowered Funds LLC now owns 42,127 shares of the financial services provider's stock worth $2,614,000 after purchasing an additional 1,465 shares in the last quarter. Finally, Natixis Advisors LLC increased its stake in shares of Fidelity National Financial by 9.2% in the 3rd quarter. Natixis Advisors LLC now owns 320,560 shares of the financial services provider's stock worth $19,894,000 after purchasing an additional 27,135 shares in the last quarter. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

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Fidelity National Financial Price Performance

Shares of FNF traded down $0.14 during midday trading on Thursday, hitting $64.03. 1,947,030 shares of the company traded hands, compared to its average volume of 1,019,986. The firm has a 50 day moving average of $59.57 and a 200-day moving average of $59.80. Fidelity National Financial, Inc. has a 52 week low of $46.85 and a 52 week high of $65.65. The stock has a market cap of $17.61 billion, a price-to-earnings ratio of 13.77 and a beta of 1.32. 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 released its quarterly earnings data 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. 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 during the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter in the prior year, the firm earned $0.75 EPS. On average, analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.12%. The ex-dividend date of this dividend is Monday, March 17th. Fidelity National Financial's dividend payout ratio (DPR) is presently 43.01%.

Insider Buying and Selling at Fidelity National Financial

In related news, Director Halim Dhanidina sold 2,800 shares of the stock in a transaction dated 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 transaction, the director now owns 16,716 shares of the company's stock, valued at approximately $916,872.60. This trade represents a 14.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sandra Douglass Morgan sold 2,092 shares of the stock in a transaction dated 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 transaction, the director now directly owns 32,386 shares of the company's stock, valued at approximately $1,824,303.38. The trade was 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.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on FNF shares. Stephens upped their price objective on Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a "hold" rating to a "buy" rating and upped their target price for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Barclays upped their target price on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. Keefe, Bruyette & Woods dropped their target price 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. Finally, StockNews.com downgraded shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Fidelity National Financial currently has an average 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.