Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Cambiar Investors LLC

Cambiar Investors LLC lowered its position in Fidelity National Financial, Inc. (NYSE:FNF) by 10.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 217,438 shares of the financial services provider’s stock after selling 26,686 shares during the quarter. Cambiar Investors LLC’s holdings in Fidelity National Financial were worth $12,207,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in shares of Fidelity National Financial by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,025,159 shares of the financial services provider’s stock valued at $498,041,000 after purchasing an additional 289,962 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Fidelity National Financial in the 3rd quarter valued at about $11,469,000. CWA Asset Management Group LLC acquired a new stake in shares of Fidelity National Financial in the 3rd quarter valued at about $11,100,000. Strategic Financial Concepts LLC acquired a new stake in shares of Fidelity National Financial in the 4th quarter valued at about $7,760,000. Finally, Prana Capital Management LP raised its stake in shares of Fidelity National Financial by 1,104.7% in the 3rd quarter. Prana Capital Management LP now owns 124,715 shares of the financial services provider’s stock valued at $7,740,000 after purchasing an additional 114,363 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Insider Activity at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 2,800 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $54.85, for a total value of $153,580.00. Following the completion of the transaction, the director now owns 16,716 shares in the company, valued at approximately $916,872.60. This represents a 14.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sandra Douglass Morgan sold 2,092 shares of the company’s stock in a transaction dated Tuesday, December 24th. The stock was 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 owns 32,386 shares of the company’s stock, valued at approximately $1,824,303.38. This trade represents a 6.07 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

Fidelity National Financial Price Performance

Shares of NYSE:FNF opened at $57.75 on Tuesday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a fifty-two week low of $46.85 and a fifty-two week high of $64.83. The firm has a 50-day simple moving average of $57.94 and a 200 day simple moving average of $58.83. The company has a market cap of $15.80 billion, a PE ratio of 21.00 and a beta of 1.39.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods cut their target price on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 8th. Truist Financial upped their target price on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of 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 research note on Friday, January 3rd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Fidelity National Financial currently has a consensus rating of “Moderate Buy” and an average price target of $66.40.

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.