Aviva PLC Decreases Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Aviva PLC lowered its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 4.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 54,425 shares of the financial services provider’s stock after selling 2,473 shares during the quarter. Aviva PLC’s holdings in Fidelity National Financial were worth $2,213,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. Sei Investments Co. boosted its holdings in Fidelity National Financial by 9.2% in the 4th quarter. Sei Investments Co. now owns 67,428 shares of the financial services provider’s stock worth $2,636,000 after acquiring an additional 5,696 shares during the period. Lido Advisors LLC boosted its holdings in Fidelity National Financial by 17.0% in the 4th quarter. Lido Advisors LLC now owns 8,159 shares of the financial services provider’s stock worth $318,000 after acquiring an additional 1,188 shares during the period. CIBC World Markets Inc. boosted its holdings in Fidelity National Financial by 23.1% in the 4th quarter. CIBC World Markets Inc. now owns 29,074 shares of the financial services provider’s stock worth $1,137,000 after acquiring an additional 5,449 shares during the period. CI Investments Inc. boosted its holdings in Fidelity National Financial by 574.6% in the 4th quarter. CI Investments Inc. now owns 17,579 shares of the financial services provider’s stock worth $687,000 after acquiring an additional 14,973 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Fidelity National Financial by 37.9% in the 4th quarter. Bank of New York Mellon Corp now owns 2,150,169 shares of the financial services provider’s stock worth $84,049,000 after acquiring an additional 590,823 shares during the period. Institutional investors and hedge funds own 78.67% of the company’s stock.

Shares of NYSE FNF opened at $43.99 on Friday. Fidelity National Financial, Inc. has a 1-year low of $29.29 and a 1-year high of $47.97. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.18 and a quick ratio of 0.18. The stock has a fifty day moving average of $45.97. The firm has a market capitalization of $12.72 billion, a price-to-earnings ratio of 7.07 and a beta of 1.38.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Thursday, May 6th. The financial services provider reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.28. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $2.80 billion. Fidelity National Financial had a return on equity of 23.66% and a net margin of 17.06%. The company’s quarterly revenue was up 92.3% compared to the same quarter last year. During the same period last year, the company earned $0.73 earnings per share. On average, equities research analysts predict that Fidelity National Financial, Inc. will post 5.47 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Wednesday, June 16th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Tuesday, June 15th. Fidelity National Financial’s dividend payout ratio (DPR) is 26.97%.

In related news, Director William P. Foley II sold 251,721 shares of the firm’s stock in a transaction dated Thursday, April 8th. The stock was sold at an average price of $43.38, for a total transaction of $10,919,656.98. Following the completion of the transaction, the director now owns 4,853,160 shares of the company’s stock, valued at $210,530,080.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel D. Lane sold 5,709 shares of the firm’s stock in a transaction dated Wednesday, June 16th. The shares were sold at an average price of $46.36, for a total value of $264,669.24. Following the transaction, the director now directly owns 265,622 shares of the company’s stock, valued at approximately $12,314,235.92. The disclosure for this sale can be found here. Insiders have sold 582,775 shares of company stock worth $26,299,568 over the last three months. Corporate insiders own 5.80% of the company’s stock.

FNF has been the subject of several research analyst reports. Credit Suisse Group initiated coverage on Fidelity National Financial in a research note on Monday, May 3rd. They set an “outperform” rating and a $56.00 target price for the company. Truist Securities increased their target price on Fidelity National Financial from $48.00 to $53.00 in a research note on Thursday, April 15th. Truist increased their target price on Fidelity National Financial from $48.00 to $53.00 in a research note on Thursday, April 15th. Finally, Zacks Investment Research upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Monday. Four investment analysts have rated the stock with a buy rating, Fidelity National Financial presently has an average rating of “Buy” and an average price target of $49.83.

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 insurance.

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Institutional Ownership by Quarter for Fidelity National Financial (NYSE:FNF)

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