Fidelity National Financial, Inc. (NYSE:FNF) Stock Position Decreased by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC trimmed its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 7.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 142,905 shares of the financial services provider’s stock after selling 11,306 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.05% of Fidelity National Financial worth $8,023,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Parkside Financial Bank & Trust increased its stake in Fidelity National Financial by 50.6% in 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 in the last quarter. Kestra Investment Management LLC acquired a new position in shares of Fidelity National Financial in the fourth quarter worth about $37,000. True Wealth Design LLC purchased a new position in shares of Fidelity National Financial in the third quarter worth approximately $41,000. Golden State Wealth Management LLC acquired a new stake in shares of Fidelity National Financial during the fourth quarter valued at approximately $52,000. Finally, UMB Bank n.a. lifted its position in shares of Fidelity National Financial by 68.9% in the 4th quarter. UMB Bank n.a. now owns 1,157 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 472 shares in the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on FNF. Keefe, Bruyette & Woods lowered their price objective on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 8th. StockNews.com downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Barclays increased their price objective on Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Monday, February 24th. Stephens lifted their target price on Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and increased their price target for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.40.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $65.13 on Tuesday. Fidelity National Financial, Inc. has a fifty-two week low of $46.85 and a fifty-two week high of $66.10. The stock’s 50-day moving average is $60.90 and its two-hundred day moving average is $60.13. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The firm has a market cap of $17.91 billion, a P/E ratio of 14.01 and a beta of 1.32.

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

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.07%. Fidelity National Financial’s dividend payout ratio is currently 43.01%.

Insider Activity at Fidelity National Financial

In other news, Director Halim Dhanidina sold 2,800 shares of the stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $54.85, for a total transaction of $153,580.00. Following the transaction, the director now owns 16,716 shares of the company’s stock, valued at approximately $916,872.60. This represents a 14.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 5.20% of the stock is owned by company insiders.

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.