Public Employees Retirement System of Ohio Sells 5,307 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Public Employees Retirement System of Ohio lessened its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 5.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 100,045 shares of the financial services provider’s stock after selling 5,307 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Fidelity National Financial were worth $6,209,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Swedbank AB boosted its stake in Fidelity National Financial by 25.1% in the third quarter. Swedbank AB now owns 42,375 shares of the financial services provider’s stock valued at $2,630,000 after acquiring an additional 8,511 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Fidelity National Financial by 61.0% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 49,707 shares of the financial services provider’s stock valued at $2,457,000 after purchasing an additional 18,838 shares during the period. Horizon Kinetics Asset Management LLC lifted its stake in shares of Fidelity National Financial by 35.1% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 58,071 shares of the financial services provider’s stock valued at $3,604,000 after purchasing an additional 15,100 shares during the period. Cyndeo Wealth Partners LLC boosted its position in shares of Fidelity National Financial by 8.0% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 116,894 shares of the financial services provider’s stock worth $7,254,000 after purchasing an additional 8,618 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of Fidelity National Financial by 1,051.5% during the second quarter. Sei Investments Co. now owns 131,186 shares of the financial services provider’s stock worth $6,483,000 after purchasing an additional 119,793 shares during the period. Institutional investors and hedge funds own 81.17% of the company’s stock.

Insider Buying and Selling

In other news, Director Halim Dhanidina sold 1,700 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total value of $103,445.00. Following the sale, the director now directly owns 13,206 shares in the company, valued at $803,585.10. The trade was a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 5.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Barclays increased their target price on Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Truist Financial increased their price target on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Fidelity National Financial from $63.00 to $64.00 and gave the company a “market perform” rating in a report on Tuesday. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $63.80.

Fidelity National Financial Stock Down 0.1 %

Shares of Fidelity National Financial stock opened at $59.92 on Friday. Fidelity National Financial, Inc. has a 1 year low of $46.85 and a 1 year high of $64.83. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The company has a market capitalization of $16.40 billion, a P/E ratio of 21.79 and a beta of 1.36. The business has a 50-day moving average of $61.02 and a two-hundred day moving average of $56.81.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the previous year, the company posted $1.23 earnings per share. Fidelity National Financial’s revenue for the quarter was up 29.7% compared to the same quarter last year. As a group, equities analysts predict that Fidelity National Financial, Inc. will post 4.57 EPS for the current year.

Fidelity National Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a $0.50 dividend. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend is Tuesday, December 17th. Fidelity National Financial’s payout ratio is currently 72.73%.

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.