Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. lessened its position in Fidelity National Financial, Inc. (NYSE:FNF) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 294,146 shares of the financial services provider’s stock after selling 13,061 shares during the period. Corebridge Financial Inc. owned about 0.11% of Fidelity National Financial worth $16,513,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FNF. Commerce Bank lifted its stake in shares of Fidelity National Financial by 3.5% during the 3rd quarter. Commerce Bank now owns 5,991 shares of the financial services provider’s stock worth $372,000 after purchasing an additional 200 shares during the period. First Horizon Advisors Inc. increased its stake in Fidelity National Financial by 32.6% in the third quarter. First Horizon Advisors Inc. now owns 878 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 216 shares during the last quarter. Raymond James Trust N.A. lifted its position in Fidelity National Financial by 2.0% during the third quarter. Raymond James Trust N.A. now owns 17,258 shares of the financial services provider’s stock worth $1,071,000 after buying an additional 341 shares during the period. Citigroup Inc. boosted its stake in Fidelity National Financial by 5.8% in the 3rd quarter. Citigroup Inc. now owns 243,350 shares of the financial services provider’s stock worth $15,102,000 after buying an additional 13,327 shares during the last quarter. Finally, Nicolet Advisory Services LLC purchased a new stake in Fidelity National Financial in the 3rd quarter valued at about $217,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

FNF opened at $64.85 on Tuesday. Fidelity National Financial, Inc. has a 52-week low of $46.85 and a 52-week high of $65.65. The company has a 50 day moving average of $60.12 and a two-hundred day moving average of $59.91. The company has a market cap of $17.83 billion, a P/E ratio of 13.95 and a beta of 1.32. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same period in the prior year, the company earned $0.75 EPS. On average, analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend is Monday, March 17th. Fidelity National Financial’s dividend payout ratio (DPR) is 43.01%.

Insider Activity

In related news, Director Halim Dhanidina sold 2,800 shares of the company’s 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 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 5.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Stephens increased their price objective on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, February 24th. StockNews.com downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and lifted their price target for the company from $76.00 to $77.00 in a report on Friday, January 3rd. Keefe, Bruyette & Woods dropped their price objective 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. 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 report on Monday, February 24th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Fidelity National Financial presently has an average rating of “Moderate Buy” and a consensus price target of $70.40.

Fidelity National Financial 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.