Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,304 shares of the financial services provider’s stock after selling 3,088 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Fidelity National Financial were worth $5,373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. raised its stake in shares of Fidelity National Financial by 11.8% during the 1st quarter. BlackRock Inc. now owns 39,705,332 shares of the financial services provider’s stock valued at $1,386,907,000 after buying an additional 4,189,896 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Fidelity National Financial by 4.5% during the 1st quarter. Vanguard Group Inc. now owns 28,877,107 shares of the financial services provider’s stock valued at $1,410,358,000 after purchasing an additional 1,250,233 shares in the last quarter. State Street Corp increased its holdings in shares of Fidelity National Financial by 1.4% during the 1st quarter. State Street Corp now owns 7,407,492 shares of the financial services provider’s stock valued at $361,782,000 after purchasing an additional 104,624 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Fidelity National Financial by 7.7% in the 3rd quarter. Principal Financial Group Inc. now owns 6,686,401 shares of the financial services provider’s stock valued at $276,143,000 after purchasing an additional 477,493 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Fidelity National Financial by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,020,265 shares of the financial services provider’s stock worth $248,637,000 after buying an additional 86,446 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Fidelity National Financial

In other Fidelity National Financial news, Director Cary H. Thompson sold 23,410 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $51.11, for a total value of $1,196,485.10. Following 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 filing with the Securities & Exchange Commission, which is available at this link. 5.40% of the stock is currently owned by insiders.

Fidelity National Financial Stock Up 1.2 %

Shares of FNF opened at $47.59 on Friday. The stock has a 50 day moving average price of $50.89 and a 200 day moving average price of $47.36. 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 stock has a market capitalization of $13.00 billion, a price-to-earnings ratio of 24.92 and a beta of 1.34. Fidelity National Financial, Inc. has a one year low of $32.02 and a one 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 analysts’ consensus estimates of $1.02 by ($0.27). The business had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $2.80 billion. Fidelity National Financial had a return on equity of 13.91% and a net margin of 4.40%. During the same period last year, the business earned $1.06 earnings per share. Equities research analysts forecast that Fidelity National Financial, Inc. will post 4.81 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend was Thursday, March 14th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 100.52%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on FNF shares. Deutsche Bank Aktiengesellschaft began coverage on shares of Fidelity National Financial in a report on Wednesday, January 10th. They issued a “hold” rating for the company. Keefe, Bruyette & Woods boosted their price objective on Fidelity National Financial from $54.00 to $56.00 and gave the company a “market perform” rating in a research report on Thursday, March 21st. Truist Financial increased their target price on Fidelity National Financial from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Finally, Barclays upped their price objective 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. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $54.20.

Fidelity National Financial 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.