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

Carret Asset Management LLC cut its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 0.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 32,475 shares of the financial services provider’s stock after selling 300 shares during the period. Carret Asset Management LLC’s holdings in Fidelity National Financial were worth $1,657,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Global Retirement Partners LLC raised its stake in shares of Fidelity National Financial by 7.6% during the fourth quarter. Global Retirement Partners LLC now owns 3,012 shares of the financial services provider’s stock valued at $147,000 after purchasing an additional 212 shares during the period. Hunter Associates Investment Management LLC raised its stake in shares of Fidelity National Financial by 0.3% during the fourth quarter. Hunter Associates Investment Management LLC now owns 77,198 shares of the financial services provider’s stock valued at $3,940,000 after purchasing an additional 255 shares during the period. Linden Thomas Advisory Services LLC raised its stake in shares of Fidelity National Financial by 1.7% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 16,046 shares of the financial services provider’s stock valued at $819,000 after purchasing an additional 271 shares during the period. Allworth Financial LP raised its stake in shares of Fidelity National Financial by 4.4% during the third quarter. Allworth Financial LP now owns 7,046 shares of the financial services provider’s stock valued at $291,000 after purchasing an additional 296 shares during the period. Finally, Xponance Inc. raised its stake in shares of Fidelity National Financial by 1.0% during the fourth quarter. Xponance Inc. now owns 31,735 shares of the financial services provider’s stock valued at $1,619,000 after purchasing an additional 315 shares during the period. 81.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Fidelity National Financial

In related news, Director Cary H. Thompson sold 23,410 shares of the stock in a transaction dated Monday, March 4th. The shares were 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 in the company, valued at approximately $2,060,601.87. The sale 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.

Fidelity National Financial Stock Performance

Shares of NYSE:FNF traded down $1.47 on Thursday, reaching $49.17. 219,120 shares of the company’s stock were exchanged, compared to its average volume of 1,576,786. The firm has a market capitalization of $13.43 billion, a price-to-earnings ratio of 25.68 and a beta of 1.34. Fidelity National Financial, Inc. has a fifty-two week low of $32.02 and a fifty-two week high of $53.96. The business’s 50-day moving average is $50.76 and its two-hundred day moving average is $47.72. 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 released its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.75 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.27). The firm had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $2.80 billion. Fidelity National Financial had a return on equity of 13.91% and a net margin of 4.40%. During the same quarter in the prior year, the company posted $1.06 EPS. As a group, equities research analysts forecast that Fidelity National Financial, Inc. will post 4.81 EPS for the current year.

Fidelity National Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $0.48 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.92 dividend on an annualized basis and a yield of 3.90%. Fidelity National Financial’s dividend payout ratio is presently 100.52%.

Wall Street Analyst Weigh In

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

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.