River Road Asset Management LLC Cuts Stock Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

River Road Asset Management LLC cut its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 48.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 865,525 shares of the financial services provider's stock after selling 799,227 shares during the period. River Road Asset Management LLC owned approximately 0.32% of Fidelity National Financial worth $44,159,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Baystate Wealth Management LLC raised its holdings in shares of Fidelity National Financial by 5,300.0% during the third quarter. Baystate Wealth Management LLC now owns 594 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 583 shares during the last quarter. Salem Investment Counselors Inc. purchased a new position in shares of Fidelity National Financial during the second quarter valued at approximately $26,000. VisionPoint Advisory Group LLC raised its holdings in shares of Fidelity National Financial by 107.0% during the third quarter. VisionPoint Advisory Group LLC now owns 737 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 381 shares during the last quarter. Authentikos Wealth Advisory LLC purchased a new position in shares of Fidelity National Financial during the third quarter valued at approximately $41,000. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of Fidelity National Financial during the first quarter valued at approximately $54,000. 81.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Fidelity National Financial in a research report on Wednesday, January 10th. They set a "hold" rating for the company. Keefe, Bruyette & Woods boosted their target price on shares of Fidelity National Financial from $54.00 to $56.00 and gave the company a "market perform" rating in a research report on Thursday, March 21st. Truist Financial boosted their target price 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. Finally, Barclays boosted their target price on shares of Fidelity National Financial from $52.00 to $56.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 9th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Fidelity National Financial has an average rating of "Hold" and a consensus price target of $54.20.

Fidelity National Financial Price Performance

Shares of FNF traded down $0.10 during mid-day trading on Wednesday, reaching $47.01. The stock had a trading volume of 1,279,749 shares, compared to its average volume of 1,633,404. The firm has a market cap of $12.84 billion, a price-to-earnings ratio of 24.61 and a beta of 1.34. Fidelity National Financial, Inc. has a 12 month low of $32.02 and a 12 month high of $53.96. The business has a fifty day moving average of $50.95 and a 200 day moving average of $47.36. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.21 and a current ratio of 0.21.

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 analysts' consensus estimates of $1.02 by ($0.27). Fidelity National Financial had a return on equity of 13.91% and a net margin of 4.40%. The company had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the prior year, the company posted $1.06 EPS. Equities analysts predict that Fidelity National Financial, Inc. will post 4.81 EPS for the current year.

Fidelity National Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.08%. Fidelity National Financial's dividend payout ratio is 100.52%.

Insider Buying and Selling

In related news, Director Cary H. Thompson sold 23,410 shares of the company's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $51.11, for a total transaction of $1,196,485.10. Following the completion of the transaction, the director now owns 40,317 shares in the company, valued at $2,060,601.87. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.40% of the stock is owned by company insiders.

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.