Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Grimes & Company Inc.

Grimes & Company Inc. decreased its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 87.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,246 shares of the financial services provider’s stock after selling 114,663 shares during the period. Grimes & Company Inc.’s holdings in Fidelity National Financial were worth $863,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC purchased a new position in Fidelity National Financial in the third quarter valued at about $358,000. FMR LLC grew its position in shares of Fidelity National Financial by 5.0% during 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 in the last quarter. Dark Forest Capital Management LP acquired a new stake in Fidelity National Financial in the third quarter valued at $364,000. LPL Financial LLC boosted its stake in Fidelity National Financial by 15.4% during the 3rd quarter. LPL Financial LLC now owns 136,730 shares of the financial services provider’s stock valued at $5,647,000 after acquiring an additional 18,266 shares during the last quarter. Finally, Federated Hermes Inc. grew its holdings in Fidelity National Financial by 54,518.0% during the 3rd quarter. Federated Hermes Inc. now owns 33,317 shares of the financial services provider’s stock worth $1,376,000 after acquiring an additional 33,256 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods cut their target price on shares of Fidelity National Financial from $56.00 to $55.00 and set a “market perform” rating on the stock in a research note on Monday, May 13th. Stephens upped their price objective 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 increased their target price on Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $55.80.

Fidelity National Financial Stock Performance

Shares of NYSE FNF opened at $49.42 on Friday. 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’s 50-day moving average price is $50.39 and its two-hundred day moving average price is $50.33. Fidelity National Financial, Inc. has a 52-week low of $34.96 and a 52-week high of $53.96. The stock has a market capitalization of $13.50 billion, a P/E ratio of 16.26 and a beta of 1.35.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.08). The company had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $2.72 billion. Fidelity National Financial had a return on equity of 14.24% and a net margin of 6.55%. The company’s revenue for the quarter was up 33.3% on a year-over-year basis. During the same period last year, the business posted $0.52 EPS. As a group, sell-side analysts forecast that Fidelity National Financial, Inc. will post 4.67 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend was Friday, June 14th. Fidelity National Financial’s dividend payout ratio (DPR) is 63.16%.

Insider Transactions at Fidelity National Financial

In related news, CFO Anthony Park sold 85,000 shares of Fidelity National Financial stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $50.82, for a total value of $4,319,700.00. Following the sale, the chief financial officer now directly owns 99,049 shares in the company, valued at approximately $5,033,670.18. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Halim Dhanidina sold 3,000 shares of the stock in a transaction 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 owns 14,906 shares of the company’s stock, valued at $754,839.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Anthony Park sold 85,000 shares of Fidelity National Financial stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $50.82, for a total transaction of $4,319,700.00. Following the sale, the chief financial officer now owns 99,049 shares in the company, valued at $5,033,670.18. The disclosure for this sale can be found here. Insiders own 5.20% 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.