KBC Group NV Decreases Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

KBC Group NV trimmed its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 45.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 409,322 shares of the financial services provider’s stock after selling 337,106 shares during the quarter. KBC Group NV owned approximately 0.15% of Fidelity National Financial worth $22,980,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in FNF. Swedbank AB grew its holdings in shares of Fidelity National Financial by 25.1% during the third quarter. Swedbank AB now owns 42,375 shares of the financial services provider’s stock worth $2,630,000 after buying an additional 8,511 shares in the last quarter. Everence Capital Management Inc. purchased a new stake in Fidelity National Financial during the 4th quarter valued at about $621,000. Horizon Kinetics Asset Management LLC raised its holdings in Fidelity National Financial by 35.1% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 58,071 shares of the financial services provider’s stock valued at $3,604,000 after acquiring an additional 15,100 shares during the last quarter. Barclays PLC lifted its stake in Fidelity National Financial by 4.4% in the 3rd quarter. Barclays PLC now owns 216,755 shares of the financial services provider’s stock worth $13,451,000 after purchasing an additional 9,146 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC boosted its holdings in shares of Fidelity National Financial by 8.0% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 116,894 shares of the financial services provider’s stock worth $7,254,000 after purchasing an additional 8,618 shares during the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on FNF shares. Barclays increased their price target on Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Truist Financial raised their target price on Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Keefe, Bruyette & Woods lowered their price target on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and raised their price objective for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Fidelity National Financial currently has an average rating of “Moderate Buy” and an average target price of $66.40.

Fidelity National Financial Price Performance

NYSE:FNF opened at $58.03 on Wednesday. Fidelity National Financial, Inc. has a 52 week low of $46.85 and a 52 week high of $64.83. The stock’s fifty day moving average is $58.71 and its two-hundred day moving average is $58.55. The company has a market capitalization of $15.88 billion, a P/E ratio of 21.10 and a beta of 1.38. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same period in the previous year, the company earned $1.23 EPS. The company’s quarterly revenue was up 29.7% compared to the same quarter last year. Equities analysts expect that Fidelity National Financial, Inc. will post 4.57 EPS for the current year.

Fidelity National Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend was Tuesday, December 17th. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s dividend payout ratio (DPR) is 72.73%.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Sandra Douglass Morgan sold 2,092 shares of the stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total transaction of $117,842.36. Following the sale, the director now owns 32,386 shares of the company’s stock, valued at approximately $1,824,303.38. This represents a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Halim Dhanidina sold 2,800 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $54.85, for a total transaction of $153,580.00. Following the completion of the transaction, the director now directly owns 16,716 shares of the company’s stock, valued at approximately $916,872.60. The trade was a 14.35 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is owned by corporate insiders.

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.