River Road Asset Management LLC Sells 799,227 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

River Road Asset Management LLC lowered its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 48.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 865,525 shares of the financial services provider’s stock after selling 799,227 shares during the period. River Road Asset Management LLC owned approximately 0.32% of Fidelity National Financial worth $44,159,000 as of its most recent filing with the Securities & Exchange Commission.

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

Fidelity National Financial Price Performance

Shares of FNF traded down $0.09 during trading hours on Wednesday, reaching $47.02. 1,279,717 shares of the stock traded hands, compared to its average volume of 1,625,654. 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 52-week low of $32.02 and a 52-week high of $53.96. The company’s 50-day moving average price is $51.02 and its two-hundred day moving average price is $47.36. The company has a market cap of $12.85 billion, a P/E ratio of 24.66 and a beta of 1.34.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, February 21st. The financial services provider reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter last year, the firm posted $1.06 EPS. On average, analysts anticipate that Fidelity National Financial, Inc. will post 4.81 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.48 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.92 dividend on an annualized basis and a yield of 4.08%. Fidelity National Financial’s dividend payout ratio is currently 100.52%.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Cary H. Thompson sold 23,410 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $51.11, for a total value of $1,196,485.10. Following the sale, the director now directly owns 40,317 shares in the company, valued at approximately $2,060,601.87. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 5.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FNF. Keefe, Bruyette & Woods raised 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 report on Thursday, March 21st. Truist Financial lifted their price target on shares of Fidelity National Financial from $55.00 to $60.00 and gave the stock 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 note on Wednesday, January 10th. They set a “hold” rating on the stock. Finally, Barclays lifted their price target on shares of Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $54.20.

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.