Goldman Sachs Group Inc. Sells 813,908 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Goldman Sachs Group Inc. reduced its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 28.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,081,933 shares of the financial services provider’s stock after selling 813,908 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.76% of Fidelity National Financial worth $106,220,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FNF. V Square Quantitative Management LLC bought a new position in Fidelity National Financial in the 4th quarter worth $27,000. VisionPoint Advisory Group LLC raised its holdings in Fidelity National Financial by 107.0% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 737 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 381 shares in the last quarter. Atlantic Edge Private Wealth Management LLC bought a new position in Fidelity National Financial in the 4th quarter worth $44,000. Orion Capital Management LLC bought a new position in Fidelity National Financial in the 3rd quarter worth $51,000. Finally, SRS Capital Advisors Inc. raised its holdings in Fidelity National Financial by 57.9% in the 3rd quarter. SRS Capital Advisors Inc. now owns 1,415 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 519 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Anthony Park sold 85,000 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $50.82, for a total transaction of $4,319,700.00. Following the sale, the chief financial officer now owns 99,049 shares of the company’s stock, valued at approximately $5,033,670.18. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Anthony Park sold 85,000 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $50.82, for a total value of $4,319,700.00. Following the transaction, the chief financial officer now owns 99,049 shares in the company, valued at approximately $5,033,670.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Halim Dhanidina sold 3,000 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $50.64, for a total transaction of $151,920.00. Following the completion of the transaction, the director now owns 14,906 shares in the company, valued at approximately $754,839.84. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

Fidelity National Financial Stock Down 0.5 %

FNF stock traded down $0.25 during trading on Friday, hitting $48.28. 749,412 shares of the stock traded hands, compared to its average volume of 779,536. Fidelity National Financial, Inc. has a 1 year low of $33.61 and a 1 year high of $53.96. The firm’s 50 day moving average is $50.35 and its two-hundred day moving average is $50.11. The stock has a market cap of $13.19 billion, a price-to-earnings ratio of 15.88 and a beta of 1.35. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.21 and a quick ratio of 0.21.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.08). Fidelity National Financial had a net margin of 6.55% and a return on equity of 14.24%. The firm had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $2.72 billion. During the same period last year, the company posted $0.52 earnings per share. The business’s revenue for the quarter was up 33.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Fidelity National Financial, Inc. will post 4.67 EPS for the current year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date is Friday, June 14th. Fidelity National Financial’s payout ratio is presently 63.16%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FNF. Keefe, Bruyette & Woods decreased their price objective on shares of Fidelity National Financial from $56.00 to $55.00 and set a “market perform” rating for the company in a report on Monday, May 13th. Barclays upped their target price on shares of Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Truist Financial upped their target price on shares of Fidelity National Financial from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Finally, Stephens upped their target price on shares of Fidelity National Financial from $59.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, May 10th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $55.80.

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.