Principal Financial Group Inc. Sells 517,578 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Principal Financial Group Inc. lessened its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 9.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,130,123 shares of the financial services provider’s stock after selling 517,578 shares during the quarter. Principal Financial Group Inc. owned about 1.88% of Fidelity National Financial worth $253,531,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FNF. Opal Wealth Advisors LLC acquired a new stake in Fidelity National Financial during the 2nd quarter worth $26,000. V Square Quantitative Management LLC bought a new stake in shares of Fidelity National Financial in the fourth quarter worth about $27,000. New Covenant Trust Company N.A. acquired a new stake in shares of Fidelity National Financial during the first quarter worth about $30,000. Mather Group LLC. acquired a new stake in shares of Fidelity National Financial during the first quarter worth about $31,000. Finally, Covestor Ltd grew its position in shares of Fidelity National Financial by 109.0% in the 1st quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 303 shares during the period. Institutional investors and hedge funds own 81.17% of the company’s stock.

Analysts Set New Price Targets

FNF has been the topic of a number of research reports. Stephens reaffirmed an “overweight” rating and issued a $63.00 price target on shares of Fidelity National Financial in a research note on Thursday, August 15th. Truist Financial boosted their price objective on shares of Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft lifted their price target on Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $53.00 price objective on shares of Fidelity National Financial in a research report on Tuesday, August 6th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $59.80.

Insiders Place Their Bets

In other Fidelity National Financial news, CFO Anthony Park sold 85,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $50.82, for a total value of $4,319,700.00. Following the sale, the chief financial officer now owns 99,049 shares in the company, valued at $5,033,670.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 5.20% of the company’s stock.

Fidelity National Financial Stock Up 0.0 %

Shares of Fidelity National Financial stock traded up $0.01 during trading hours on Friday, reaching $58.94. 1,559,808 shares of the company’s stock were exchanged, compared to its average volume of 1,271,610. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.50. The company has a 50 day moving average of $53.68 and a two-hundred day moving average of $51.72. The stock has a market cap of $16.10 billion, a P/E ratio of 19.39 and a beta of 1.35. Fidelity National Financial, Inc. has a fifty-two week low of $37.10 and a fifty-two week high of $59.42.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $1.24 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.03). The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.20 billion. Fidelity National Financial had a net margin of 6.55% and a return on equity of 14.24%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the company posted $1.01 earnings per share. On average, sell-side analysts forecast that Fidelity National Financial, Inc. will post 4.58 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.92 dividend on an annualized basis and a yield of 3.26%. Fidelity National Financial’s payout ratio is 63.16%.

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.