River Road Asset Management LLC Decreases Stake in Fidelity National Financial, Inc. (NYSE:FNF)

River Road Asset Management LLC cut its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 15.6% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 101,014 shares of the financial services provider’s stock after selling 18,686 shares during the period. River Road Asset Management LLC’s holdings in Fidelity National Financial were worth $5,671,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in FNF. Capital Performance Advisors LLP purchased a new position in Fidelity National Financial in the third quarter worth approximately $32,000. Brooklyn Investment Group acquired a new stake in shares of Fidelity National Financial in the 3rd quarter valued at $35,000. Parkside Financial Bank & Trust lifted its position in shares of Fidelity National Financial by 50.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 209 shares during the last quarter. Kestra Investment Management LLC acquired a new position in shares of Fidelity National Financial during the fourth quarter worth $37,000. Finally, True Wealth Design LLC purchased a new position in Fidelity National Financial in the third quarter valued at $41,000. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 2,800 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sandra Douglass Morgan sold 2,092 shares of the firm’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total transaction of $117,842.36. Following the completion of the transaction, the director now directly owns 32,386 shares in the company, 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.

Fidelity National Financial Price Performance

Fidelity National Financial stock opened at $62.13 on Wednesday. Fidelity National Financial, Inc. has a 1 year low of $46.85 and a 1 year high of $65.65. 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 firm has a 50 day moving average price of $58.66 and a 200 day moving average price of $59.59. The company has a market cap of $17.08 billion, a price-to-earnings ratio of 13.36 and a beta of 1.32.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data 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. The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.33 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. During the same period in the previous year, the company earned $0.75 EPS. Sell-side analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 3.22%. Fidelity National Financial’s dividend payout ratio is presently 43.01%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Stephens boosted their price objective on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, February 24th. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and upped their target price for the company from $76.00 to $77.00 in a report on Friday, January 3rd. Keefe, Bruyette & Woods dropped their price target on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a research report on Wednesday, January 8th. Finally, Barclays lifted their target price on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Monday, February 24th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $70.40.

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.