Fidelity National Financial, Inc. $FNF Shares Sold by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments Holdings LLC reduced its stake in Fidelity National Financial by 18.6% in Q2, selling 5,542 shares, leaving them with 24,249 shares valued at approximately $1.39 million.
• The stock of Fidelity National Financial, currently valued at $56.40, has a twelve-month price range of $50.61 to $66.72 and reports a dividend yield of 3.5%.
• Fidelity National Financial's recent quarterly earnings showed a profit of $0.76 per share, with analysts projecting an annual EPS of $6.28 and a consensus target price of $69.83.

Allspring Global Investments Holdings LLC reduced its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 18.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,249 shares of the financial services provider's stock after selling 5,542 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Fidelity National Financial were worth $1,389,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of FNF. Gilbert & Cook Inc. increased its holdings in shares of Fidelity National Financial by 3.0% in the 1st quarter. Gilbert & Cook Inc. now owns 5,814 shares of the financial services provider's stock valued at $378,000 after acquiring an additional 168 shares during the last quarter. Journey Strategic Wealth LLC increased its holdings in shares of Fidelity National Financial by 1.2% in the 1st quarter. Journey Strategic Wealth LLC now owns 14,482 shares of the financial services provider's stock valued at $943,000 after acquiring an additional 175 shares during the last quarter. Commerce Bank increased its holdings in shares of Fidelity National Financial by 3.1% in the 1st quarter. Commerce Bank now owns 5,977 shares of the financial services provider's stock valued at $389,000 after acquiring an additional 177 shares during the last quarter. Peddock Capital Advisors LLC increased its holdings in shares of Fidelity National Financial by 3.2% in the 1st quarter. Peddock Capital Advisors LLC now owns 5,663 shares of the financial services provider's stock valued at $369,000 after acquiring an additional 178 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV increased its holdings in shares of Fidelity National Financial by 0.6% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 31,651 shares of the financial services provider's stock valued at $2,060,000 after acquiring an additional 197 shares during the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Stock Down 0.2%

Fidelity National Financial stock opened at $56.40 on Thursday. Fidelity National Financial, Inc. has a twelve month low of $50.61 and a twelve month high of $66.72. The stock has a 50 day moving average of $58.83 and a two-hundred day moving average of $57.95. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $15.32 billion, a price-to-earnings ratio of 14.31 and a beta of 1.05.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its quarterly earnings data on Thursday, July 13th. The financial services provider reported $0.76 earnings per share for the quarter. Fidelity National Financial had a return on equity of 14.30% and a net margin of 7.93%.The company had revenue of $3.17 billion during the quarter. As a group, research analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Tuesday, September 16th. Fidelity National Financial's dividend payout ratio (DPR) is presently 50.76%.

Wall Street Analyst Weigh In

FNF has been the topic of a number of recent analyst reports. Barclays reiterated a "cautious" rating on shares of Fidelity National Financial in a report on Monday, October 6th. National Bankshares set a $64.00 target price on Fidelity National Financial in a research report on Monday, October 6th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Fidelity National Financial in a research report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Fidelity National Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of $69.83.

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.

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