Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Pzena Investment Management LLC

Pzena Investment Management LLC lessened its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 54.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 263,976 shares of the financial services provider’s stock after selling 319,714 shares during the quarter. Pzena Investment Management LLC’s holdings in Fidelity National Financial were worth $14,820,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FNF. Capital Performance Advisors LLP acquired a new stake in Fidelity National Financial during the third quarter worth about $32,000. Brooklyn Investment Group bought a new position in shares of Fidelity National Financial during the third quarter valued at approximately $35,000. Parkside Financial Bank & Trust raised its position in shares of Fidelity National Financial by 50.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 209 shares during the period. Kestra Investment Management LLC bought a new stake in shares of Fidelity National Financial in the 4th quarter worth approximately $37,000. Finally, True Wealth Design LLC bought a new position in Fidelity National Financial during the 3rd quarter worth $41,000. Institutional investors own 81.17% of the company’s stock.

Insider Buying and Selling

In related news, Director Sandra Douglass Morgan sold 2,092 shares of the stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total value of $117,842.36. Following the completion of the transaction, the director now owns 32,386 shares in the company, valued at $1,824,303.38. This trade represents a 6.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $54.85, for a total value of $153,580.00. Following the completion of the transaction, the director now directly owns 16,716 shares in the company, 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 insiders.

Fidelity National Financial Stock Performance

FNF opened at $62.13 on Wednesday. Fidelity National Financial, Inc. has a 1-year low of $46.85 and a 1-year high of $65.65. The company has a market capitalization of $17.08 billion, a price-to-earnings ratio of 13.36 and a beta of 1.32. The business has a 50 day moving average price of $58.66 and a two-hundred day moving average price of $59.59. 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 (NYSE:FNF) last released its earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same period in the previous year, the company earned $0.75 earnings per share. Research analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.22%. The ex-dividend date is Monday, March 17th. Fidelity National Financial’s dividend payout ratio is presently 43.01%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on FNF shares. StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Stephens boosted their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research note 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 target for the company from $76.00 to $77.00 in a research note on Friday, January 3rd. Keefe, Bruyette & Woods reduced their price objective on 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. Finally, Barclays lifted their target price on Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently 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.