Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by American Century Companies Inc.

American Century Companies Inc. cut its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 26.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 180,877 shares of the financial services provider’s stock after selling 63,946 shares during the period. American Century Companies Inc. owned 0.07% of Fidelity National Financial worth $8,939,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Gilbert & Cook Inc. raised its stake in Fidelity National Financial by 5.0% in the fourth quarter. Gilbert & Cook Inc. now owns 6,118 shares of the financial services provider’s stock valued at $312,000 after buying an additional 293 shares during the last quarter. Private Advisor Group LLC purchased a new position in shares of Fidelity National Financial in the 4th quarter valued at approximately $217,000. Janney Montgomery Scott LLC boosted its stake in Fidelity National Financial by 16.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 32,575 shares of the financial services provider’s stock worth $1,662,000 after purchasing an additional 4,489 shares in the last quarter. Norges Bank purchased a new stake in Fidelity National Financial during the 4th quarter worth approximately $41,212,000. Finally, Coldstream Capital Management Inc. acquired a new position in Fidelity National Financial during the 4th quarter valued at approximately $274,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on FNF. Truist Financial lifted their price objective on shares of Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods increased their price target on Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 4th. Stephens restated an “overweight” rating and issued a $63.00 target price on shares of Fidelity National Financial in a research note on Thursday, August 15th. Finally, StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $61.80.

Insider Transactions at Fidelity National Financial

In related news, Director Halim Dhanidina sold 1,700 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total transaction of $103,445.00. Following the completion of the sale, the director now owns 13,206 shares of the company’s stock, valued at approximately $803,585.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 5.20% of the company’s stock.

Fidelity National Financial Stock Performance

NYSE FNF opened at $60.95 on Monday. The stock has a market capitalization of $16.65 billion, a price-to-earnings ratio of 20.05 and a beta of 1.36. The stock has a 50-day moving average of $56.83 and a 200 day moving average of $52.63. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.52. Fidelity National Financial, Inc. has a twelve month low of $37.10 and a twelve month high of $62.00.

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

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a $0.48 dividend. The ex-dividend date is Monday, September 16th. This represents a $1.92 dividend on an annualized basis and a yield of 3.15%. Fidelity National Financial’s payout ratio is currently 63.16%.

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.