SG Americas Securities LLC Cuts Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

SG Americas Securities LLC decreased its position in Fidelity National Financial, Inc. (NYSE:FNF) by 42.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,435 shares of the financial services provider’s stock after selling 14,818 shares during the period. SG Americas Securities LLC’s holdings in Fidelity National Financial were worth $1,147,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of FNF. Charles Schwab Investment Management Inc. grew its holdings in shares of Fidelity National Financial by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,025,159 shares of the financial services provider’s stock valued at $498,041,000 after acquiring an additional 289,962 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in Fidelity National Financial in the third quarter worth $11,469,000. CWA Asset Management Group LLC bought a new position in Fidelity National Financial in the 3rd quarter valued at $11,100,000. Sei Investments Co. increased its position in shares of Fidelity National Financial by 1,051.5% during the 2nd quarter. Sei Investments Co. now owns 131,186 shares of the financial services provider’s stock valued at $6,483,000 after purchasing an additional 119,793 shares during the last quarter. Finally, Prana Capital Management LP raised its stake in shares of Fidelity National Financial by 1,104.7% during the 3rd quarter. Prana Capital Management LP now owns 124,715 shares of the financial services provider’s stock worth $7,740,000 after purchasing an additional 114,363 shares during the period. Institutional investors own 81.17% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Truist Financial increased their price target on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Barclays increased their target price on shares of Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods lowered their price target on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and increased their price objective for the company from $76.00 to $77.00 in a report on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Fidelity National Financial has an average rating of “Moderate Buy” and an average price target of $66.40.

Fidelity National Financial Stock Performance

NYSE FNF opened at $59.40 on Tuesday. The company’s 50 day moving average is $58.74 and its 200-day moving average is $58.49. The firm has a market cap of $16.25 billion, a P/E ratio of 21.60 and a beta of 1.38. Fidelity National Financial, Inc. has a 12-month low of $46.85 and a 12-month high of $64.83. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the previous year, the firm earned $1.23 EPS. The company’s revenue was up 29.7% compared to the same quarter last year. Sell-side analysts predict that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were paid a $0.50 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $2.00 annualized dividend and a yield of 3.37%. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s dividend payout ratio (DPR) is currently 72.73%.

Insider Buying and Selling at Fidelity National Financial

In other Fidelity National Financial news, Director Sandra Douglass Morgan sold 2,092 shares of the firm’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total value of $117,842.36. Following the completion of the transaction, the director now directly owns 32,386 shares of the company’s stock, valued at $1,824,303.38. This trade represents a 6.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Halim Dhanidina sold 2,800 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $54.85, for a total transaction of $153,580.00. Following the transaction, the director now owns 16,716 shares of the company’s stock, valued at $916,872.60. This trade represents a 14.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

Fidelity National Financial 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.