State Board of Administration of Florida Retirement System cut its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF – Free Report) by 3.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 305,590 shares of the financial services provider’s stock after selling 10,610 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Fidelity National Financial were worth $12,621,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of FNF. Baystate Wealth Management LLC boosted its holdings in Fidelity National Financial by 5,300.0% in the 3rd quarter. Baystate Wealth Management LLC now owns 594 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 583 shares during the period. Salem Investment Counselors Inc. purchased a new position in Fidelity National Financial during the second quarter worth about $26,000. DHJJ Financial Advisors Ltd. purchased a new position in Fidelity National Financial during the third quarter worth about $40,000. Authentikos Wealth Advisory LLC bought a new position in Fidelity National Financial in the 3rd quarter worth about $41,000. Finally, Huntington National Bank raised its holdings in shares of Fidelity National Financial by 425.5% in the 2nd quarter. Huntington National Bank now owns 1,072 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 868 shares in the last quarter. 77.16% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on FNF. Deutsche Bank Aktiengesellschaft started coverage on Fidelity National Financial in a report on Wednesday, January 10th. They set a “hold” rating for the company. Barclays initiated coverage on shares of Fidelity National Financial in a report on Wednesday, November 15th. They issued an “equal weight” rating and a $44.00 price target on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Fidelity National Financial from $46.00 to $51.00 and gave the stock a “market perform” rating in a report on Wednesday, December 13th. Stephens reissued an “overweight” rating and issued a $51.00 target price on shares of Fidelity National Financial in a research note on Tuesday, November 14th. Finally, Truist Financial raised their price target on Fidelity National Financial from $52.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $49.33.
Fidelity National Financial Stock Performance
Fidelity National Financial stock opened at $51.96 on Tuesday. The firm has a fifty day simple moving average of $49.36 and a two-hundred day simple moving average of $44.17. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.56. Fidelity National Financial, Inc. has a twelve month low of $31.84 and a twelve month high of $52.27. The company has a market capitalization of $14.14 billion, a PE ratio of 21.56 and a beta of 1.34.
Insider Transactions at Fidelity National Financial
In related news, Director Daniel D. Lane sold 6,131 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $48.19, for a total transaction of $295,452.89. Following the transaction, the director now directly owns 271,495 shares in the company, valued at approximately $13,083,344.05. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Fidelity National Financial news, Director Halim Dhanidina sold 3,265 shares of the business’s stock in a transaction dated Friday, January 12th. The shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel D. Lane sold 6,131 shares of the stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $48.19, for a total transaction of $295,452.89. Following the sale, the director now owns 271,495 shares of the company’s stock, valued at $13,083,344.05. The disclosure for this sale can be found here. Company insiders own 5.40% of the company’s stock.
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.
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