B.O.S.S. Retirement Advisors LLC Trims Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

B.O.S.S. Retirement Advisors LLC reduced its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 9.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,828 shares of the financial services provider’s stock after selling 4,370 shares during the quarter. B.O.S.S. Retirement Advisors LLC’s holdings in Fidelity National Financial were worth $1,506,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Cerity Partners LLC raised its position in shares of Fidelity National Financial by 25.6% during the 1st quarter. Cerity Partners LLC now owns 16,783 shares of the financial services provider’s stock valued at $584,000 after acquiring an additional 3,424 shares in the last quarter. DnB Asset Management AS raised its position in shares of Fidelity National Financial by 12.6% during the 1st quarter. DnB Asset Management AS now owns 51,265 shares of the financial services provider’s stock valued at $1,791,000 after acquiring an additional 5,732 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Fidelity National Financial by 7.9% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 529,930 shares of the financial services provider’s stock valued at $19,936,000 after acquiring an additional 38,782 shares in the last quarter. Mackenzie Financial Corp acquired a new stake in shares of Fidelity National Financial during the 1st quarter valued at approximately $964,000. Finally, Citigroup Inc. raised its position in shares of Fidelity National Financial by 23.2% during the 1st quarter. Citigroup Inc. now owns 362,904 shares of the financial services provider’s stock valued at $12,676,000 after acquiring an additional 68,380 shares in the last quarter. 77.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Fidelity National Financial

In related news, CEO Michael Joseph Nolan sold 30,000 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $43.12, for a total transaction of $1,293,600.00. Following the completion of the transaction, the chief executive officer now owns 354,786 shares of the company’s stock, valued at $15,298,372.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 5.40% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on FNF shares. StockNews.com started coverage on Fidelity National Financial in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Stephens reaffirmed an “overweight” rating and issued a $48.00 target price on shares of Fidelity National Financial in a research report on Thursday, August 17th. BTIG Research increased their target price on Fidelity National Financial from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Truist Financial increased their target price on Fidelity National Financial from $48.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, August 10th. Finally, TheStreet raised Fidelity National Financial from a “c+” rating to a “b” rating in a research report on Wednesday, August 9th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Fidelity National Financial currently has an average rating of “Moderate Buy” and an average target price of $47.17.

Fidelity National Financial Price Performance

Shares of FNF opened at $42.82 on Friday. The firm has a market capitalization of $11.65 billion, a price-to-earnings ratio of 22.66 and a beta of 1.33. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.19 and a current ratio of 0.19. Fidelity National Financial, Inc. has a one year low of $31.84 and a one year high of $45.51. The stock’s fifty day moving average is $40.09 and its 200-day moving average is $36.75.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Tuesday, August 8th. The financial services provider reported $1.01 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.03). The business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $2.68 billion. Fidelity National Financial had a net margin of 4.57% and a return on equity of 15.89%. Fidelity National Financial’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period last year, the business posted $1.90 earnings per share. Equities analysts anticipate that Fidelity National Financial, Inc. will post 3.7 EPS for the current year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.80 annualized dividend and a yield of 4.20%. Fidelity National Financial’s dividend payout ratio is currently 95.24%.

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.