DAVENPORT & Co LLC Trims Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

DAVENPORT & Co LLC trimmed its position in Fidelity National Financial, Inc. (NYSE:FNFFree Report) by 12.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,909,774 shares of the financial services provider’s stock after selling 427,801 shares during the period. Fidelity National Financial comprises about 1.0% of DAVENPORT & Co LLC’s investment portfolio, making the stock its 18th largest position. DAVENPORT & Co LLC owned about 1.07% of Fidelity National Financial worth $148,758,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of Fidelity National Financial by 11.8% during the 1st quarter. BlackRock Inc. now owns 39,705,332 shares of the financial services provider’s stock valued at $1,386,907,000 after acquiring an additional 4,189,896 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Fidelity National Financial by 4.5% during the 1st quarter. Vanguard Group Inc. now owns 28,877,107 shares of the financial services provider’s stock valued at $1,410,358,000 after acquiring an additional 1,250,233 shares during the last quarter. State Street Corp increased its stake in shares of Fidelity National Financial by 1.4% during the 1st quarter. State Street Corp now owns 7,407,492 shares of the financial services provider’s stock valued at $361,782,000 after acquiring an additional 104,624 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Fidelity National Financial by 7.7% during the 3rd quarter. Principal Financial Group Inc. now owns 6,686,401 shares of the financial services provider’s stock valued at $276,143,000 after acquiring an additional 477,493 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Fidelity National Financial by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,020,265 shares of the financial services provider’s stock valued at $248,637,000 after acquiring an additional 86,446 shares during the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Insider Activity

In other news, Director Cary H. Thompson sold 23,410 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $51.11, for a total transaction of $1,196,485.10. Following the completion of the transaction, the director now directly owns 40,317 shares in the company, valued at approximately $2,060,601.87. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Cary H. Thompson sold 23,410 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $51.11, for a total transaction of $1,196,485.10. Following the transaction, the director now directly owns 40,317 shares in the company, valued at $2,060,601.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Halim Dhanidina sold 3,265 shares of the firm’s stock in a transaction on Friday, January 12th. The stock was sold at an average price of $49.34, for a total value of $161,095.10. Following the transaction, the director now owns 17,906 shares in the company, valued at $883,482.04. The disclosure for this sale can be found here. In the last three months, insiders sold 32,806 shares of company stock worth $1,653,033. 5.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Truist Financial upped their price objective on shares of Fidelity National Financial from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Deutsche Bank Aktiengesellschaft started coverage on shares of Fidelity National Financial in a research report on Wednesday, January 10th. They set a “hold” rating for the company. Keefe, Bruyette & Woods increased their target price on shares of Fidelity National Financial from $54.00 to $56.00 and gave the stock a “market perform” rating in a research report on Thursday, March 21st. Finally, Barclays dropped their target price on shares of Fidelity National Financial from $55.00 to $52.00 and set an “equal weight” rating for the company in a research report on Friday, February 23rd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Fidelity National Financial presently has a consensus rating of “Hold” and an average target price of $53.40.

Read Our Latest Analysis on Fidelity National Financial

Fidelity National Financial Stock Down 1.7 %

NYSE:FNF traded down $0.89 during trading hours on Tuesday, hitting $52.02. The stock had a trading volume of 1,192,958 shares, compared to its average volume of 1,625,158. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.52. Fidelity National Financial, Inc. has a 1-year low of $32.02 and a 1-year high of $53.35. The business has a 50 day simple moving average of $50.93 and a two-hundred day simple moving average of $46.69. The company has a market cap of $14.21 billion, a PE ratio of 27.24 and a beta of 1.34.

Fidelity National Financial (NYSE:FNFGet Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.27). Fidelity National Financial had a net margin of 4.40% and a return on equity of 13.91%. The firm had revenue of $3.43 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same period last year, the business earned $1.06 EPS. Analysts predict that Fidelity National Financial, Inc. will post 4.81 EPS for the current year.

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.69%. The ex-dividend date of this dividend was Thursday, March 14th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 100.52%.

About Fidelity National Financial

(Free Report)

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.

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Institutional Ownership by Quarter for Fidelity National Financial (NYSE:FNF)

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