Victory Capital Management Inc. Boosts Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Victory Capital Management Inc. lifted its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 195.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,261,568 shares of the financial services provider's stock after acquiring an additional 2,818,001 shares during the period. Victory Capital Management Inc. owned about 1.57% of Fidelity National Financial worth $217,425,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Global Retirement Partners LLC increased its holdings in Fidelity National Financial by 7.6% in the 4th quarter. Global Retirement Partners LLC now owns 3,012 shares of the financial services provider's stock valued at $147,000 after buying an additional 212 shares during the period. Hunter Associates Investment Management LLC increased its position in Fidelity National Financial by 0.3% in the 4th quarter. Hunter Associates Investment Management LLC now owns 77,198 shares of the financial services provider's stock valued at $3,940,000 after acquiring an additional 255 shares in the last quarter. Linden Thomas Advisory Services LLC increased its position in Fidelity National Financial by 1.7% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 16,046 shares of the financial services provider's stock valued at $819,000 after acquiring an additional 271 shares in the last quarter. Gilbert & Cook Inc. increased its position in Fidelity National Financial by 5.0% in the 4th quarter. Gilbert & Cook Inc. now owns 6,118 shares of the financial services provider's stock valued at $312,000 after acquiring an additional 293 shares in the last quarter. Finally, Allworth Financial LP increased its position in Fidelity National Financial by 4.4% in the 3rd quarter. Allworth Financial LP now owns 7,046 shares of the financial services provider's stock valued at $291,000 after acquiring an additional 296 shares in the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related 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 owns 40,317 shares of the company's stock, valued at $2,060,601.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Cary H. Thompson sold 23,410 shares of the business's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $51.11, for a total value of $1,196,485.10. Following the transaction, the director now owns 40,317 shares in the company, valued at $2,060,601.87. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Halim Dhanidina sold 3,000 shares of the company's stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $50.64, for a total transaction of $151,920.00. Following the transaction, the director now owns 14,906 shares in the company, valued at approximately $754,839.84. The disclosure for this sale can be found here. 5.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft began 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 lifted their price objective 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. Barclays lifted their price objective on shares of Fidelity National Financial from $52.00 to $56.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 9th. Finally, Truist Financial lifted 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 note on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $54.20.

Fidelity National Financial Stock Up 1.7 %

FNF traded up $0.87 during trading on Thursday, reaching $51.01. 633,404 shares of the stock were exchanged, compared to its average volume of 1,546,338. The stock has a market cap of $13.94 billion, a P/E ratio of 26.61 and a beta of 1.33. Fidelity National Financial, Inc. has a twelve month low of $32.02 and a twelve month high of $53.96. The stock's 50 day moving average price is $50.52 and its two-hundred day moving average price is $48.09. 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 firm had revenue of $3.43 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the previous year, the firm posted $1.06 earnings per share. Equities analysts expect that Fidelity National Financial, Inc. will post 4.83 EPS for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.48 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.92 annualized dividend and a dividend yield of 3.76%. Fidelity National Financial's dividend payout ratio (DPR) is presently 100.52%.

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.