Wedge Capital Management L L P NC Sells 83,836 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Wedge Capital Management L L P NC lessened its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 8.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 921,367 shares of the financial services provider's stock after selling 83,836 shares during the period. Fidelity National Financial comprises about 0.8% of Wedge Capital Management L L P NC's portfolio, making the stock its 27th largest holding. Wedge Capital Management L L P NC owned 0.34% of Fidelity National Financial worth $47,008,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Baystate Wealth Management LLC boosted its position in 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. VisionPoint Advisory Group LLC lifted its holdings in shares of Fidelity National Financial by 107.0% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 737 shares of the financial services provider's stock valued at $30,000 after buying an additional 381 shares during the last quarter. Authentikos Wealth Advisory LLC bought a new stake in shares of Fidelity National Financial in the 3rd quarter valued at approximately $41,000. Orion Capital Management LLC acquired a new position in Fidelity National Financial in the third quarter worth approximately $51,000. Finally, SRS Capital Advisors Inc. raised its position in Fidelity National Financial by 57.9% during the third quarter. SRS Capital Advisors Inc. now owns 1,415 shares of the financial services provider's stock valued at $58,000 after acquiring an additional 519 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Truist Financial increased their price target on shares of Fidelity National Financial from $55.00 to $60.00 and gave the stock a "buy" rating in a research note on Friday, February 23rd. Barclays increased their target price on shares of Fidelity National Financial from $52.00 to $56.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 9th. Keefe, Bruyette & Woods boosted their price target on Fidelity National Financial from $54.00 to $56.00 and gave the stock a "market perform" rating in a research report on Thursday, March 21st. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Fidelity National Financial in a report on Wednesday, January 10th. They set a "hold" rating on the stock. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Fidelity National Financial currently has a consensus rating of "Hold" and a consensus target price of $54.20.

Fidelity National Financial Stock Performance

FNF stock traded up $0.69 during mid-day trading on Monday, reaching $49.46. 813,295 shares of the stock traded hands, compared to its average volume of 1,609,088. 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, Inc. has a 52 week low of $32.02 and a 52 week high of $53.96. The business has a 50-day moving average of $50.79 and a two-hundred day moving average of $47.62. The firm has a market capitalization of $13.51 billion, a PE ratio of 25.90 and a beta of 1.34.

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

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date of this dividend was Thursday, March 14th. Fidelity National Financial's dividend payout ratio (DPR) is 100.52%.

Insider Buying and Selling at Fidelity National Financial

In other Fidelity National Financial news, Director Cary H. Thompson sold 23,410 shares of the company's stock in a transaction dated 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 sale, the director now directly owns 40,317 shares in the company, valued at $2,060,601.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.40% of the company's stock.

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.