PNC Financial Services Group Inc. lowered its stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 2.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 420,284 shares of the financial services provider's stock after selling 10,779 shares during the period. PNC Financial Services Group Inc. owned approximately 0.15% of Fidelity National Financial worth $26,083,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Covestor Ltd raised its holdings in Fidelity National Financial by 109.0% in the 1st quarter. Covestor Ltd now owns 581 shares of the financial services provider's stock worth $31,000 after purchasing an additional 303 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in Fidelity National Financial by 8.5% in the first quarter. O Shaughnessy Asset Management LLC now owns 18,827 shares of the financial services provider's stock worth $1,000,000 after buying an additional 1,470 shares in the last quarter. UniSuper Management Pty Ltd lifted its holdings in Fidelity National Financial by 94.7% in the first quarter. UniSuper Management Pty Ltd now owns 3,700 shares of the financial services provider's stock worth $196,000 after buying an additional 1,800 shares during the period. CreativeOne Wealth LLC boosted its position in Fidelity National Financial by 54.1% during the 1st quarter. CreativeOne Wealth LLC now owns 10,129 shares of the financial services provider's stock valued at $538,000 after acquiring an additional 3,557 shares in the last quarter. Finally, EP Wealth Advisors LLC grew its holdings in shares of Fidelity National Financial by 26.2% during the 1st quarter. EP Wealth Advisors LLC now owns 5,450 shares of the financial services provider's stock worth $289,000 after acquiring an additional 1,133 shares during the period. 81.17% of the stock is currently owned by institutional investors.
In related news, Director Halim Dhanidina sold 1,700 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total transaction of $103,445.00. Following the sale, the director now owns 13,206 shares in the company, valued at approximately $803,585.10. This represents a 11.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 5.20% of the stock is owned by insiders.
A number of research analysts recently issued reports on the stock. Barclays increased their target price on Fidelity National Financial from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 8th. Truist Financial upped their target price on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a "hold" rating in a report on Wednesday, August 7th. Keefe, Bruyette & Woods lifted their target price on Fidelity National Financial from $58.00 to $63.00 and gave the stock a "market perform" rating in a report on Wednesday, September 4th. Finally, Stephens reaffirmed an "overweight" rating and set a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $63.60.
Check Out Our Latest Stock Report on FNF
Shares of FNF opened at $60.66 on Friday. The business has a 50-day simple moving average of $60.63 and a two-hundred day simple moving average of $55.66. The stock has a market cap of $16.60 billion, a price-to-earnings ratio of 22.06 and a beta of 1.37. 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, Inc. has a 52 week low of $44.10 and a 52 week high of $62.97.
Fidelity National Financial (NYSE:FNF - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share for the quarter, missing analysts' consensus estimates of $1.41 by ($0.11). Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same period last year, the company earned $1.23 EPS. The business's revenue was up 29.7% on a year-over-year basis. On average, analysts expect that Fidelity National Financial, Inc. will post 4.5 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Tuesday, December 17th. This is a boost from Fidelity National Financial's previous quarterly dividend of $0.48. Fidelity National Financial's payout ratio is currently 69.82%.
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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