PNC Financial Services Group Inc. Cuts Position in Fidelity National Financial, Inc. (NYSE:FNF)

PNC Financial Services Group Inc. lessened its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 0.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 419,907 shares of the financial services provider’s stock after selling 377 shares during the period. PNC Financial Services Group Inc. owned about 0.15% of Fidelity National Financial worth $23,574,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of FNF. Machina Capital S.A.S. acquired a new position in shares of Fidelity National Financial during the fourth quarter worth $616,000. Andra AP fonden lifted its holdings in Fidelity National Financial by 7.8% during the 4th quarter. Andra AP fonden now owns 166,300 shares of the financial services provider’s stock worth $9,336,000 after buying an additional 12,000 shares during the last quarter. Inceptionr LLC acquired a new position in shares of Fidelity National Financial during the 4th quarter worth about $2,179,000. Raymond James Financial Inc. purchased a new position in shares of Fidelity National Financial in the 4th quarter valued at about $33,103,000. Finally, Arizona State Retirement System raised its position in shares of Fidelity National Financial by 1.5% during the 4th quarter. Arizona State Retirement System now owns 75,455 shares of the financial services provider’s stock worth $4,236,000 after acquiring an additional 1,087 shares in the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Down 2.1 %

Shares of NYSE:FNF opened at $61.64 on Tuesday. Fidelity National Financial, Inc. has a 1-year low of $46.85 and a 1-year high of $65.65. 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 stock has a market cap of $16.95 billion, a P/E ratio of 13.26 and a beta of 1.32. The firm has a fifty day moving average price of $58.54 and a 200 day moving average price of $59.57.

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

Fidelity National Financial Dividend Announcement

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 dividend yield of 3.24%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 43.01%.

Insider Activity

In other news, Director Sandra Douglass Morgan sold 2,092 shares of Fidelity National Financial stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total value of $117,842.36. Following the sale, the director now owns 32,386 shares of the company’s stock, valued at $1,824,303.38. The trade was a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 directly owns 16,716 shares of the company’s stock, valued at $916,872.60. This represents a 14.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in 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 increased 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 report on Monday, February 24th. Keefe, Bruyette & Woods cut their price target on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 8th. Truist Financial raised their price objective on Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.