Fidelity National Financial (NYSE:FNF) Shares Down 8.7%

Fidelity National Financial, Inc. (NYSE:FNF - Get Free Report)'s stock price fell 8.7% during trading on Wednesday . The stock traded as low as $47.99 and last traded at $48.20. 957,186 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 1,591,539 shares. The stock had previously closed at $52.78.

Wall Street Analysts Forecast Growth

FNF has been the subject of several research reports. Truist Financial upped their price target on shares of Fidelity National Financial from $55.00 to $60.00 and gave the company a "buy" rating in a research report on Friday, February 23rd. Keefe, Bruyette & Woods raised their target price on shares of Fidelity National Financial from $54.00 to $56.00 and gave the stock a "market perform" rating in a research note on Thursday, March 21st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Fidelity National Financial in a report on Wednesday, January 10th. They set a "hold" rating for the company. Finally, Barclays lifted 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. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Fidelity National Financial has an average rating of "Hold" and a consensus price target of $54.20.

Fidelity National Financial Stock Performance

The stock's 50 day simple moving average is $51.23 and its two-hundred day simple moving average is $47.12. The company has a market cap of $13.19 billion, a PE ratio of 25.28 and a beta of 1.34. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.52.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its earnings results on Wednesday, February 21st. The financial services provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.27). The firm had revenue of $3.43 billion during the quarter, compared to analysts' expectations of $2.80 billion. Fidelity National Financial had a return on equity of 13.91% and a net margin of 4.40%. During the same period last year, the business posted $1.06 earnings per share. As a group, research analysts anticipate that Fidelity National Financial, Inc. will post 4.81 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.48 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.92 annualized dividend and a yield of 3.98%. Fidelity National Financial's payout ratio is 100.52%.

Insider Buying and Selling at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 3,265 shares of the firm's stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $49.34, for a total value of $161,095.10. Following the transaction, the director now directly owns 17,906 shares of the company's stock, valued at $883,482.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Fidelity National Financial news, Director Halim Dhanidina sold 3,265 shares of the stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $49.34, for a total value of $161,095.10. Following the completion of the sale, the director now owns 17,906 shares of the company's stock, valued at $883,482.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Cary H. Thompson sold 23,410 shares of the business's stock in a transaction on Monday, March 4th. The stock was sold at an average price of $51.11, for a total transaction of $1,196,485.10. Following the transaction, the director now directly owns 40,317 shares in the company, valued at $2,060,601.87. The disclosure for this sale can be found here. Insiders have sold a total of 32,806 shares of company stock valued at $1,653,033 over the last ninety days. Corporate insiders own 5.40% of the company's stock.

Institutional Trading of Fidelity National Financial

Several large investors have recently modified their holdings of the business. Teachers Retirement System of The State of Kentucky purchased a new position in Fidelity National Financial in the third quarter valued at about $2,778,000. AustralianSuper Pty Ltd boosted its stake in shares of Fidelity National Financial by 14.0% during the 4th quarter. AustralianSuper Pty Ltd now owns 1,570,956 shares of the financial services provider's stock valued at $80,150,000 after buying an additional 193,050 shares during the last quarter. CENTRAL TRUST Co grew its position in shares of Fidelity National Financial by 30.0% during 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. FMR LLC increased its stake in shares of Fidelity National Financial by 5.0% in the third quarter. FMR LLC now owns 513,836 shares of the financial services provider's stock worth $21,221,000 after buying an additional 24,469 shares during the last quarter. Finally, Pathstone Family Office LLC raised its holdings in Fidelity National Financial by 172.4% in the third quarter. Pathstone Family Office LLC now owns 27,380 shares of the financial services provider's stock valued at $1,131,000 after acquiring an additional 17,329 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

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.