Klingenstein Fields & Co. LP Has $289,000 Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Klingenstein Fields & Co. LP cut its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 51.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,661 shares of the financial services provider’s stock after selling 6,000 shares during the period. Klingenstein Fields & Co. LP’s holdings in Fidelity National Financial were worth $289,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FNF. CWM LLC raised its holdings in shares of Fidelity National Financial by 117.6% in the third quarter. CWM LLC now owns 2,692 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 1,455 shares during the last quarter. IFP Advisors Inc grew its stake in shares of Fidelity National Financial by 95.3% in the third quarter. IFP Advisors Inc now owns 1,801 shares of the financial services provider’s stock valued at $74,000 after buying an additional 879 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Fidelity National Financial by 91.9% in the third quarter. SG Americas Securities LLC now owns 21,811 shares of the financial services provider’s stock valued at $901,000 after buying an additional 10,445 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of Fidelity National Financial by 14.5% in the third quarter. State of Alaska Department of Revenue now owns 248,679 shares of the financial services provider’s stock valued at $10,268,000 after buying an additional 31,435 shares in the last quarter. Finally, Impact Partnership Wealth LLC grew its stake in shares of Fidelity National Financial by 1,915.5% in the third quarter. Impact Partnership Wealth LLC now owns 11,186 shares of the financial services provider’s stock valued at $462,000 after buying an additional 10,631 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Cary H. Thompson sold 23,410 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $51.11, for a total value of $1,196,485.10. Following the completion of the transaction, the director now owns 40,317 shares of the company’s stock, valued at $2,060,601.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 5.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FNF. Keefe, Bruyette & Woods raised their target price on shares of Fidelity National Financial from $54.00 to $56.00 and gave the company a “market perform” rating in a research note on Thursday, March 21st. Barclays lifted their price objective on shares of Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Truist Financial lifted their price objective on shares of Fidelity National Financial from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Fidelity National Financial in a research report on Wednesday, January 10th. They set a “hold” rating for the company. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Fidelity National Financial currently has a consensus rating of “Hold” and an average target price of $54.20.

Fidelity National Financial Stock Performance

Shares of Fidelity National Financial stock traded up $0.11 during trading on Monday, reaching $48.88. The company’s stock had a trading volume of 18,007 shares, compared to its average volume of 1,598,577. The business’s 50-day moving average price is $50.84 and its 200-day moving average price is $47.55. The firm has a market cap of $13.35 billion, a PE ratio of 25.53 and a beta of 1.34. Fidelity National Financial, Inc. has a 52 week low of $32.02 and a 52 week high of $53.96. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.52.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, February 21st. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.27). Fidelity National Financial had a net margin of 4.40% and a return on equity of 13.91%. The business had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the previous year, the firm posted $1.06 EPS. Equities analysts forecast that Fidelity National Financial, Inc. will post 4.81 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.93%. The ex-dividend date was Thursday, March 14th. Fidelity National Financial’s dividend payout ratio is currently 100.52%.

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.