Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. trimmed its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 6.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,926 shares of the financial services provider’s stock after selling 1,590 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Fidelity National Financial were worth $1,231,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FNF. Mn Services Vermogensbeheer B.V. lifted its holdings in shares of Fidelity National Financial by 5.0% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 104,100 shares of the financial services provider’s stock valued at $5,844,000 after acquiring an additional 5,000 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in Fidelity National Financial by 0.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 52,918 shares of the financial services provider’s stock valued at $2,971,000 after purchasing an additional 298 shares during the period. National Pension Service lifted its stake in shares of Fidelity National Financial by 648.5% during the fourth quarter. National Pension Service now owns 496,600 shares of the financial services provider’s stock worth $27,879,000 after purchasing an additional 430,252 shares in the last quarter. Lingotto Investment Management LLP boosted its position in shares of Fidelity National Financial by 0.5% in the fourth quarter. Lingotto Investment Management LLP now owns 157,462 shares of the financial services provider’s stock worth $8,840,000 after buying an additional 858 shares during the period. Finally, Illinois Municipal Retirement Fund boosted its position in shares of Fidelity National Financial by 22.2% in the fourth quarter. Illinois Municipal Retirement Fund now owns 159,316 shares of the financial services provider’s stock worth $8,944,000 after buying an additional 28,912 shares during the period. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Performance

Shares of FNF opened at $64.74 on Tuesday. The firm has a market cap of $17.72 billion, a price-to-earnings ratio of 13.92 and a beta of 1.39. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average is $57.92 and its two-hundred day moving average is $59.37. Fidelity National Financial, Inc. has a 52-week low of $46.85 and a 52-week high of $65.65.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (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 firm had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.33 billion. During the same period in the prior year, the company posted $0.75 earnings per share. Analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.09%. Fidelity National Financial’s payout ratio is 43.01%.

Insider Buying and Selling

In related news, Director Sandra Douglass Morgan sold 2,092 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the sale, the director now directly owns 32,386 shares of the company’s stock, valued at approximately $1,824,303.38. This represents a 6.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Halim Dhanidina sold 2,800 shares of the business’s stock in a transaction on Friday, January 10th. The shares were 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 approximately $916,872.60. The trade was a 14.35 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and raised their target price for the company from $76.00 to $77.00 in a report on Friday, January 3rd. Stephens lifted their price objective on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, February 24th. Keefe, Bruyette & Woods decreased 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 research note on Wednesday, January 8th. StockNews.com lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Truist Financial boosted their price objective on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.40.

About Fidelity National Financial

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.