Fidelity National Financial, Inc. (NYSE:FNF) Stock Position Decreased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky reduced its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 2.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,165 shares of the financial services provider’s stock after selling 2,270 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Fidelity National Financial were worth $4,975,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Capital Performance Advisors LLP bought a new stake in shares of Fidelity National Financial in the 3rd quarter worth approximately $32,000. International Assets Investment Management LLC acquired a new position in shares of Fidelity National Financial during the second quarter valued at $35,000. Brooklyn Investment Group acquired a new position in shares of Fidelity National Financial during the third quarter valued at $35,000. True Wealth Design LLC bought a new position in shares of Fidelity National Financial during the third quarter worth about $41,000. Finally, Innealta Capital LLC acquired a new stake in shares of Fidelity National Financial in the 2nd quarter worth about $43,000. 81.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Fidelity National Financial from $63.00 to $64.00 and gave the company a “market perform” rating in a research note on Tuesday. Truist Financial increased their price objective on Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Stephens reaffirmed an “overweight” rating and set a $63.00 target price on shares of Fidelity National Financial in a research note on Thursday, August 15th. Finally, Barclays increased their price target on Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Fidelity National Financial currently has an average rating of “Hold” and an average target price of $63.80.

Insider Activity at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total transaction of $103,445.00. Following the sale, the director now directly owns 13,206 shares of the company’s stock, valued at $803,585.10. The trade was a 11.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.20% of the stock is currently owned by corporate insiders.

Fidelity National Financial Stock Down 0.1 %

FNF opened at $60.00 on Friday. The stock’s fifty day moving average is $61.04 and its 200-day moving average is $56.72. Fidelity National Financial, Inc. has a one year low of $46.55 and a one year high of $64.83. The company has a market capitalization of $16.42 billion, a PE ratio of 21.82 and a beta of 1.36. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.11). The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.32 billion. Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. Fidelity National Financial’s revenue was up 29.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.23 earnings per share. On average, equities analysts predict that Fidelity National Financial, Inc. will post 4.55 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, December 17th. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 3.33%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 69.82%.

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.