Prudent Man Advisors LLC Sells 1,904 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Prudent Man Advisors LLC trimmed its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 13.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,282 shares of the financial services provider’s stock after selling 1,904 shares during the quarter. Prudent Man Advisors LLC’s holdings in Fidelity National Financial were worth $690,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Capital Performance Advisors LLP purchased a new stake in Fidelity National Financial during the third quarter valued at approximately $32,000. Brooklyn Investment Group purchased a new stake in shares of Fidelity National Financial in the third quarter worth approximately $35,000. Parkside Financial Bank & Trust lifted its stake 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 acquiring an additional 209 shares during the last quarter. Kestra Investment Management LLC purchased a new position in Fidelity National Financial during the 4th quarter valued at $37,000. Finally, True Wealth Design LLC bought a new position in Fidelity National Financial in the 3rd quarter valued at $41,000. Institutional investors own 81.17% of the company’s stock.

Insiders Place Their Bets

In other Fidelity National Financial news, Director Sandra Douglass Morgan sold 2,092 shares of Fidelity National Financial stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total value 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. The trade was a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Halim Dhanidina sold 2,800 shares of the stock in a transaction on 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 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 disclosure for this sale can be found here. 5.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

FNF has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and lifted their target price for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd. Truist Financial raised their target price on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Keefe, Bruyette & Woods lowered their price target on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a report on Wednesday, January 8th. StockNews.com upgraded Fidelity National Financial from a “hold” rating to a “buy” rating in a report on Monday, February 24th. 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 report on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Fidelity National Financial presently has an average rating of “Moderate Buy” and a consensus target price of $70.40.

Fidelity National Financial Price Performance

NYSE FNF opened at $64.51 on Friday. The company has a market cap of $17.65 billion, a PE ratio of 13.87 and a beta of 1.39. The firm’s 50 day moving average price is $57.75 and its 200-day moving average price is $59.26. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. Fidelity National Financial, Inc. has a 52-week low of $46.85 and a 52-week high of $64.83.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.33 billion. During the same quarter last year, the firm earned $0.75 EPS. Sell-side analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

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

About Fidelity National Financial

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.