Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Grimes & Company Inc.

Grimes & Company Inc. reduced its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 11.4% during the 3rd quarter, Holdings Channel.com reports. The fund owned 13,588 shares of the financial services provider’s stock after selling 1,753 shares during the quarter. Grimes & Company Inc.’s holdings in Fidelity National Financial were worth $843,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets raised its stake in Fidelity National Financial by 673.6% during the 1st quarter. BNP Paribas Financial Markets now owns 666,900 shares of the financial services provider’s stock worth $35,412,000 after acquiring an additional 580,694 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in Fidelity National Financial by 7.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 327,206 shares of the financial services provider’s stock worth $17,375,000 after acquiring an additional 23,358 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Fidelity National Financial by 49.0% during the 1st quarter. Advisors Asset Management Inc. now owns 39,644 shares of the financial services provider’s stock worth $2,105,000 after acquiring an additional 13,039 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in Fidelity National Financial during the 1st quarter worth $1,494,000. Finally, Cetera Investment Advisers grew its position in Fidelity National Financial by 117.9% during the 1st quarter. Cetera Investment Advisers now owns 44,417 shares of the financial services provider’s stock worth $2,359,000 after purchasing an additional 24,034 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Stock Up 1.1 %

Shares of NYSE:FNF opened at $60.61 on Friday. The company has a market cap of $16.56 billion, a price-to-earnings ratio of 19.94 and a beta of 1.36. The firm’s 50-day simple moving average is $59.81 and its 200-day simple moving average is $54.15. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.52. Fidelity National Financial, Inc. has a fifty-two week low of $37.21 and a fifty-two week high of $62.97.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.03). The firm had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.20 billion. Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.01 EPS. As a group, equities research analysts predict that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.17%. The ex-dividend date was Monday, September 16th. Fidelity National Financial’s dividend payout ratio (DPR) is 63.16%.

Insider Activity at Fidelity National Financial

In related news, Director Halim Dhanidina sold 1,700 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total value of $103,445.00. Following the completion of the sale, the director now owns 13,206 shares in the company, valued at $803,585.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 5.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FNF. Keefe, Bruyette & Woods raised their price objective on shares of Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 4th. Truist Financial raised their price objective on shares of Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Barclays raised their price objective on shares of Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Finally, StockNews.com downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Fidelity National Financial presently has an average rating of “Hold” and an average target price of $62.40.

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.