Assenagon Asset Management S.A. Sells 25,978 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Assenagon Asset Management S.A. trimmed its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 42.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 35,923 shares of the financial services provider's stock after selling 25,978 shares during the period. Assenagon Asset Management S.A.'s holdings in Fidelity National Financial were worth $1,908,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of FNF. V Square Quantitative Management LLC purchased a new stake in Fidelity National Financial during the fourth quarter valued at approximately $27,000. VisionPoint Advisory Group LLC raised its holdings in Fidelity National Financial by 107.0% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 737 shares of the financial services provider's stock worth $30,000 after purchasing an additional 381 shares during the period. Mather Group LLC. purchased a new position in Fidelity National Financial during the first quarter valued at $31,000. MCF Advisors LLC lifted its position in Fidelity National Financial by 116.0% during the first quarter. MCF Advisors LLC now owns 674 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 362 shares in the last quarter. Finally, Authentikos Wealth Advisory LLC bought a new stake in Fidelity National Financial during the third quarter valued at about $41,000. Hedge funds and other institutional investors own 81.17% of the company's stock.

Insider Buying and Selling

In other Fidelity National Financial news, Director Halim Dhanidina sold 3,000 shares of the business's stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $50.64, for a total value of $151,920.00. Following the completion of the transaction, the director now directly owns 14,906 shares of the company's stock, valued at $754,839.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Halim Dhanidina sold 3,000 shares of the 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 sale, the director now directly owns 14,906 shares of the company's stock, valued at approximately $754,839.84. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Cary H. Thompson sold 23,410 shares of the company's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $51.11, for a total value of $1,196,485.10. Following the completion of the transaction, the director now directly owns 40,317 shares of the company's stock, valued at approximately $2,060,601.87. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on FNF shares. Keefe, Bruyette & Woods dropped their target price on shares of Fidelity National Financial from $56.00 to $55.00 and set a "market perform" rating for the company in a research report on Monday, May 13th. Truist Financial boosted their target price on Fidelity National Financial from $55.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, February 23rd. Stephens increased their price target on Fidelity National Financial from $59.00 to $60.00 and gave the company an "overweight" rating in a research note on Friday, May 10th. Finally, Barclays lifted their price objective on 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. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Fidelity National Financial currently has a consensus rating of "Hold" and an average target price of $55.80.

Fidelity National Financial Stock Up 0.8 %

Shares of NYSE FNF traded up $0.43 during mid-day trading on Monday, reaching $52.71. 1,071,525 shares of the company were exchanged, compared to its average volume of 1,494,880. The stock has a market cap of $14.40 billion, a price-to-earnings ratio of 17.34 and a beta of 1.33. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average of $50.87 and a 200 day moving average of $49.35. Fidelity National Financial, Inc. has a 1 year low of $33.61 and a 1 year high of $53.96.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.84 by ($0.08). Fidelity National Financial had a return on equity of 14.24% and a net margin of 6.55%. The business had revenue of $3.30 billion for the quarter, compared to analyst estimates of $2.72 billion. During the same period in the previous year, the company posted $0.52 earnings per share. The business's revenue for the quarter was up 33.3% on a year-over-year basis. On average, research analysts expect that Fidelity National Financial, Inc. will post 4.73 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.48 dividend. The ex-dividend date is Friday, June 14th. This represents a $1.92 dividend on an annualized basis and a yield of 3.64%. Fidelity National Financial's dividend payout ratio is currently 63.16%.

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.

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