Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,926,359 shares of the financial services provider’s stock after selling 43,709 shares during the period. Bank of New York Mellon Corp owned approximately 1.07% of Fidelity National Financial worth $164,286,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Crestwood Advisors Group LLC acquired a new stake in Fidelity National Financial in the fourth quarter valued at about $995,000. IFP Advisors Inc lifted its position in Fidelity National Financial by 2,501.1% in the fourth quarter. IFP Advisors Inc now owns 50,773 shares of the financial services provider’s stock valued at $2,850,000 after purchasing an additional 48,821 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Fidelity National Financial in the fourth quarter valued at about $777,000. Wealthspire Advisors LLC lifted its position in Fidelity National Financial by 13.3% in the fourth quarter. Wealthspire Advisors LLC now owns 4,125 shares of the financial services provider’s stock valued at $232,000 after purchasing an additional 484 shares during the period. Finally, Fisher Funds Management LTD acquired a new stake in Fidelity National Financial in the fourth quarter valued at about $8,183,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Wall Street Analyst Weigh In

FNF has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating in a research report on Monday, February 24th. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and raised their price objective for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Stephens raised 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. Barclays lifted their price target on shares of Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a research report on Monday, February 24th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $70.40.

Fidelity National Financial Price Performance

FNF stock opened at $64.51 on Friday. The firm has a 50 day moving average of $57.75 and a 200-day moving average of $59.26. Fidelity National Financial, Inc. has a 12-month low of $46.85 and a 12-month high of $64.83. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The company has a market cap of $17.65 billion, a price-to-earnings ratio of 13.87 and a beta of 1.39.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The business had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same period last year, the company posted $0.75 EPS. As a group, equities analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.50 per share. The ex-dividend date is Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.10%. Fidelity National Financial’s dividend payout ratio (DPR) is 43.01%.

Insider Transactions at Fidelity National Financial

In other news, Director Halim Dhanidina sold 2,800 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $54.85, for a total transaction of $153,580.00. Following the completion of the transaction, the director now directly owns 16,716 shares of the company’s stock, valued at $916,872.60. This trade represents a 14.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sandra Douglass Morgan sold 2,092 shares of the firm’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the transaction, the director now directly 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

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.