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

Carret Asset Management LLC decreased its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 0.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm 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 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of FNF. Baystate Wealth Management LLC grew its holdings in Fidelity National Financial by 5,300.0% during the 3rd quarter. Baystate Wealth Management LLC now owns 594 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 583 shares in the last quarter. VisionPoint Advisory Group LLC raised its holdings in shares of Fidelity National Financial by 107.0% during the third quarter. VisionPoint Advisory Group LLC now owns 737 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 381 shares during the period. Authentikos Wealth Advisory LLC acquired a new position in Fidelity National Financial in the 3rd quarter valued at approximately $41,000. Orion Capital Management LLC acquired a new position in Fidelity National Financial in the 3rd quarter valued at approximately $51,000. Finally, SRS Capital Advisors Inc. grew its position in Fidelity National Financial by 57.9% in the third quarter. SRS Capital Advisors Inc. now owns 1,415 shares of the financial services provider’s stock worth $58,000 after acquiring an additional 519 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Down 2.9 %

FNF stock traded down $1.47 during mid-day trading on Thursday, hitting $49.17. 219,120 shares of the company were exchanged, compared to its average volume of 1,576,786. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.21 and a current ratio of 0.21. The firm has a market cap of $13.43 billion, a P/E ratio of 25.68 and a beta of 1.34. The firm’s 50 day simple moving average is $50.76 and its 200 day simple moving average is $47.72. Fidelity National Financial, Inc. has a 1-year low of $32.02 and a 1-year high of $53.96.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, February 21st. The financial services provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.27). Fidelity National Financial had a net margin of 4.40% and a return on equity of 13.91%. The firm had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the prior year, the business posted $1.06 earnings per share. On average, sell-side analysts predict that Fidelity National Financial, Inc. will post 4.81 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.48 per share. 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 (DPR) is 100.52%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Truist Financial upped their target price on shares of Fidelity National Financial from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Keefe, Bruyette & Woods increased their target price on shares of Fidelity National Financial from $54.00 to $56.00 and gave the stock a “market perform” rating in a research report on Thursday, March 21st. Deutsche Bank Aktiengesellschaft started coverage on shares of Fidelity National Financial in a report on Wednesday, January 10th. They set a “hold” rating on the stock. Finally, Barclays raised their target price on shares of Fidelity National Financial from $52.00 to $56.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $54.20.

Insiders Place Their Bets

In related news, Director Cary H. Thompson sold 23,410 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was 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 of the company’s stock, valued at $2,060,601.87. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 5.40% of the company’s stock.

Fidelity National Financial Company 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.