State of New Jersey Common Pension Fund D Sells 45,393 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

State of New Jersey Common Pension Fund D trimmed its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 32.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 94,815 shares of the financial services provider’s stock after selling 45,393 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Fidelity National Financial were worth $4,686,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new position in shares of Fidelity National Financial in the 2nd quarter worth $26,000. V Square Quantitative Management LLC bought a new position in shares of Fidelity National Financial in the 4th quarter worth $27,000. New Covenant Trust Company N.A. bought a new position in shares of Fidelity National Financial in the 1st quarter worth $30,000. Mather Group LLC. bought a new position in shares of Fidelity National Financial in the 1st quarter worth $31,000. Finally, Covestor Ltd increased its position in Fidelity National Financial by 109.0% during the 1st quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock valued at $31,000 after buying an additional 303 shares in the last quarter. 81.17% of the stock is owned by institutional investors.

Fidelity National Financial Stock Up 0.1 %

Shares of FNF stock opened at $60.61 on Tuesday. The stock’s 50-day simple moving average is $55.96 and its 200-day simple moving average is $52.35. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.23 and a current ratio of 0.23. The firm has a market capitalization of $16.56 billion, a PE ratio of 19.94 and a beta of 1.36. Fidelity National Financial, Inc. has a fifty-two week low of $37.10 and a fifty-two week high of $61.06.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.03). Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same period in the prior year, the company posted $1.01 earnings per share. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. Equities analysts expect that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a $0.48 dividend. The ex-dividend date is Monday, September 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.17%. Fidelity National Financial’s payout ratio is 63.16%.

Analyst Upgrades and Downgrades

FNF has been the topic of several recent analyst reports. StockNews.com lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Truist Financial upped their target price on Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Stephens reaffirmed an “overweight” rating and set a $63.00 target price on shares of Fidelity National Financial in a research report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft upped their target price on Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods upped their target price on Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a research report on Wednesday, September 4th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Fidelity National Financial presently has a consensus rating of “Hold” and an average price target of $61.80.

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.