Jacobi Capital Management LLC Lowers Position in Fidelity National Financial, Inc. (NYSE:FNF)

Jacobi Capital Management LLC decreased its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,544 shares of the financial services provider’s stock after selling 194 shares during the quarter. Jacobi Capital Management LLC’s holdings in Fidelity National Financial were worth $1,266,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new position in Fidelity National Financial during the third quarter valued at $32,000. Brooklyn Investment Group purchased a new position in Fidelity National Financial during the third quarter valued at $35,000. Parkside Financial Bank & Trust raised its stake in Fidelity National Financial by 50.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock valued at $35,000 after buying an additional 209 shares during the last quarter. Kestra Investment Management LLC purchased a new position in Fidelity National Financial during the fourth quarter valued at $37,000. Finally, True Wealth Design LLC purchased a new position in Fidelity National Financial during the third quarter valued at $41,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Insider Buying and Selling

In other Fidelity National Financial news, Director Sandra Douglass Morgan sold 2,092 shares of the business’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the completion of the sale, the director now owns 32,386 shares of the company’s stock, valued at approximately $1,824,303.38. The trade was a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Halim Dhanidina sold 2,800 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $54.85, for a total value of $153,580.00. Following the sale, the director now directly owns 16,716 shares of the company’s stock, valued at $916,872.60. This represents a 14.35 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by corporate insiders.

Fidelity National Financial Stock Performance

Shares of FNF opened at $64.51 on Friday. 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, Inc. has a one year low of $46.85 and a one year high of $64.83. The firm has a market capitalization of $17.65 billion, a P/E ratio of 13.87 and a beta of 1.39. The business has a fifty day moving average of $57.75 and a 200 day moving average of $59.29.

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

Fidelity National Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend is Monday, March 17th. Fidelity National Financial’s payout ratio is currently 43.01%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on FNF shares. Truist Financial lifted their price objective on Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, November 11th. StockNews.com upgraded Fidelity National Financial from a “hold” rating to a “buy” rating in a research note on Monday, February 24th. Keefe, Bruyette & Woods decreased their price target on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a research note on Wednesday, January 8th. 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 note on Friday, January 3rd. Finally, Stephens boosted their price target on Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $70.40.

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.