Cullen Frost Bankers Inc. Has $557,000 Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Cullen Frost Bankers Inc. lessened its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 17.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,918 shares of the financial services provider’s stock after selling 2,090 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Fidelity National Financial were worth $557,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Arizona State Retirement System raised its stake in Fidelity National Financial by 1.5% during the 4th quarter. Arizona State Retirement System now owns 75,455 shares of the financial services provider’s stock worth $4,236,000 after buying an additional 1,087 shares during the period. Aigen Investment Management LP bought a new position in Fidelity National Financial during the 4th quarter worth about $310,000. Proficio Capital Partners LLC bought a new position in Fidelity National Financial during the 4th quarter worth about $2,332,000. M&T Bank Corp increased its holdings in Fidelity National Financial by 8.3% during the 4th quarter. M&T Bank Corp now owns 30,703 shares of the financial services provider’s stock worth $1,724,000 after purchasing an additional 2,345 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Fidelity National Financial by 1.2% during the 4th quarter. Victory Capital Management Inc. now owns 8,093,184 shares of the financial services provider’s stock worth $454,351,000 after purchasing an additional 98,751 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Insiders Place Their Bets

In other news, Director Halim Dhanidina sold 2,800 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $54.85, for a total transaction of $153,580.00. Following the completion of the sale, the director now owns 16,716 shares in the company, valued at $916,872.60. The trade was a 14.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Sandra Douglass Morgan sold 2,092 shares of the business’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 value of $117,842.36. Following the sale, the director now 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 disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on FNF. Keefe, Bruyette & Woods lowered their target price on 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. Barclays increased their target price on Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Truist Financial raised their price objective on Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Stephens lifted their target price on Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, February 24th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Fidelity National Financial currently has a consensus rating of “Moderate Buy” and an average price target of $70.40.

Fidelity National Financial Price Performance

NYSE:FNF opened at $62.97 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. The stock’s 50-day simple moving average is $58.42 and its 200 day simple moving average is $59.52. The company has a market cap of $17.23 billion, a P/E ratio of 13.54 and a beta of 1.31. 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 announced its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.33 billion. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. During the same quarter in the previous year, the business earned $0.75 earnings per share. As a group, sell-side analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date is Monday, March 17th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 43.01%.

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.