Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by M&T Bank Corp

M&T Bank Corp lessened its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 3.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,607 shares of the financial services provider’s stock after selling 1,339 shares during the period. M&T Bank Corp’s holdings in Fidelity National Financial were worth $1,868,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky purchased a new position in shares of Fidelity National Financial in the third quarter valued at approximately $2,778,000. Lecap Asset Management Ltd. acquired a new stake in shares of Fidelity National Financial in the fourth quarter valued at about $1,335,000. CENTRAL TRUST Co lifted its stake in shares of Fidelity National Financial by 30.0% in the fourth quarter. CENTRAL TRUST Co now owns 2,230 shares of the financial services provider’s stock worth $114,000 after buying an additional 515 shares in the last quarter. abrdn plc boosted its position in Fidelity National Financial by 102.0% during the fourth quarter. abrdn plc now owns 89,374 shares of the financial services provider’s stock worth $4,560,000 after acquiring an additional 45,137 shares during the last quarter. Finally, AustralianSuper Pty Ltd lifted its stake in Fidelity National Financial by 14.0% in the 4th quarter. AustralianSuper Pty Ltd now owns 1,570,956 shares of the financial services provider’s stock worth $80,150,000 after purchasing an additional 193,050 shares in the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Up 0.9 %

Fidelity National Financial stock opened at $52.60 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.21 and a current ratio of 0.21. The firm has a 50 day moving average price of $50.75 and a 200 day moving average price of $48.56. Fidelity National Financial, Inc. has a fifty-two week low of $33.61 and a fifty-two week high of $53.96. The company has a market capitalization of $14.37 billion, a PE ratio of 27.54 and a beta of 1.33.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.08). Fidelity National Financial had a net margin of 4.40% and a return on equity of 13.91%. The firm had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same quarter in the prior year, the firm posted $0.52 EPS. Fidelity National Financial’s quarterly revenue was up 33.3% compared to the same quarter last year. Research analysts expect that Fidelity National Financial, Inc. will post 4.83 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.65%. Fidelity National Financial’s dividend payout ratio is presently 100.52%.

Insider Activity

In related news, Director Halim Dhanidina sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $50.64, for a total transaction of $151,920.00. Following the sale, the director now directly owns 14,906 shares of the company’s stock, valued at approximately $754,839.84. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Fidelity National Financial news, Director Cary H. Thompson sold 23,410 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $51.11, for a total value of $1,196,485.10. Following the sale, the director now owns 40,317 shares of the company’s stock, valued at approximately $2,060,601.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Halim Dhanidina sold 3,000 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $50.64, for a total value of $151,920.00. Following the transaction, the director now directly owns 14,906 shares of the company’s stock, valued at $754,839.84. The disclosure for this sale can be found here. Insiders own 5.40% of the company’s stock.

Analyst Upgrades and Downgrades

FNF has been the subject of a number of analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of Fidelity National Financial from $54.00 to $56.00 and gave the company a “market perform” rating in a report on Thursday, March 21st. Barclays upped their price objective on Fidelity National Financial from $52.00 to $56.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Finally, Truist Financial raised their target price on Fidelity National Financial from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently 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.