44 Wealth Management LLC Sells 929 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

44 Wealth Management LLC trimmed its position in Fidelity National Financial, Inc. (NYSE:FNF) by 5.9% in the 4th quarter, Holdings Channel reports. The firm owned 14,762 shares of the financial services provider’s stock after selling 929 shares during the quarter. 44 Wealth Management LLC’s holdings in Fidelity National Financial were worth $829,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in shares of Fidelity National Financial during the 3rd quarter valued at $32,000. Brooklyn Investment Group purchased a new stake in shares of Fidelity National Financial during the 3rd quarter valued at $35,000. Kestra Investment Management LLC purchased a new stake in shares of Fidelity National Financial during the 4th quarter valued at $37,000. True Wealth Design LLC purchased a new stake in shares of Fidelity National Financial during the 3rd quarter valued at $41,000. Finally, Larson Financial Group LLC raised its position in shares of Fidelity National Financial by 141.1% during the 3rd quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock valued at $43,000 after buying an additional 402 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Insider Buying and Selling at Fidelity National Financial

In other Fidelity National Financial news, Director Sandra Douglass Morgan sold 2,092 shares of the business’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total value of $117,842.36. Following the transaction, the director now owns 32,386 shares in the company, valued at approximately $1,824,303.38. The trade was a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Halim Dhanidina sold 2,800 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $54.85, for a total transaction of $153,580.00. Following the completion of the transaction, the director now owns 16,716 shares in the company, valued at $916,872.60. The trade was a 14.35 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on FNF shares. Truist Financial raised their price objective on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and raised their price objective for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Finally, 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 on the stock in a research report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Fidelity National Financial has an average rating of “Moderate Buy” and a consensus target price of $66.40.

Fidelity National Financial Price Performance

Shares of NYSE:FNF opened at $59.50 on Friday. The stock has a market cap of $16.28 billion, a PE ratio of 21.64 and a beta of 1.39. The company’s fifty day moving average is $57.26 and its 200 day moving average is $58.96. Fidelity National Financial, Inc. has a 52 week low of $46.85 and a 52 week high of $64.83. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47.

Fidelity National Financial (NYSE:FNF) last issued its earnings results 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. The company had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.33 billion. Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. During the same quarter last year, the company earned $0.75 EPS. Research analysts anticipate that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.36%. Fidelity National Financial’s payout ratio is 72.73%.

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.