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

Modern Wealth Management LLC lowered its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 6.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,706 shares of the financial services provider’s stock after selling 338 shares during the period. Modern Wealth Management LLC’s holdings in Fidelity National Financial were worth $272,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in shares of Fidelity National Financial during the 4th quarter worth approximately $33,103,000. Jupiter Asset Management Ltd. acquired a new stake in Fidelity National Financial in the fourth quarter worth $32,670,000. National Pension Service lifted its stake in Fidelity National Financial by 648.5% in the fourth quarter. National Pension Service now owns 496,600 shares of the financial services provider’s stock valued at $27,879,000 after buying an additional 430,252 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Fidelity National Financial by 4.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,412,888 shares of the financial services provider’s stock valued at $472,300,000 after acquiring an additional 387,729 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in shares of Fidelity National Financial during the third quarter valued at $11,469,000. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Price Performance

NYSE FNF opened at $64.77 on Friday. Fidelity National Financial, Inc. has a 12 month low of $46.85 and a 12 month high of $66.10. The firm has a market capitalization of $17.81 billion, a PE ratio of 13.93 and a beta of 1.32. The company’s 50 day simple moving average is $60.76 and its 200 day simple moving average is $60.07. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $3.33 billion. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. During the same period last year, the firm earned $0.75 EPS. As a group, equities research analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.09%. The ex-dividend date is Monday, March 17th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 43.01%.

Analysts Set New Price Targets

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

Insider Buying and Selling 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 on Friday, January 10th. The stock was sold at an average price of $54.85, for a total value of $153,580.00. Following the transaction, the director now owns 16,716 shares of the company’s stock, valued at approximately $916,872.60. This represents a 14.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.20% of the stock is owned by corporate insiders.

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.