Lee Financial Co Cuts Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Lee Financial Co trimmed its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,598 shares of the financial services provider’s stock after selling 344 shares during the quarter. Lee Financial Co’s holdings in Fidelity National Financial were worth $1,100,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its holdings in shares of Fidelity National Financial by 3.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,025,159 shares of the financial services provider’s stock worth $498,041,000 after buying an additional 289,962 shares during the last quarter. Geode Capital Management LLC increased its stake in Fidelity National Financial by 1.6% during the third quarter. Geode Capital Management LLC now owns 4,462,837 shares of the financial services provider’s stock worth $276,343,000 after acquiring an additional 69,643 shares during the last quarter. AustralianSuper Pty Ltd raised its holdings in shares of Fidelity National Financial by 0.9% in the 4th quarter. AustralianSuper Pty Ltd now owns 1,849,429 shares of the financial services provider’s stock worth $103,827,000 after purchasing an additional 15,664 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Fidelity National Financial by 3.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,530,424 shares of the financial services provider’s stock valued at $94,978,000 after purchasing an additional 57,316 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of Fidelity National Financial by 11.4% during the 3rd quarter. FMR LLC now owns 872,017 shares of the financial services provider’s stock worth $54,117,000 after purchasing an additional 89,031 shares during the period. Institutional investors and hedge funds own 81.17% of the company’s stock.

Insiders Place Their Bets

In related news, Director Halim Dhanidina sold 2,800 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $54.85, for a total value of $153,580.00. Following the transaction, the director now owns 16,716 shares in the company, valued at approximately $916,872.60. The trade was a 14.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sandra Douglass Morgan sold 2,092 shares of the firm’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total value 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 trade represents a 6.07 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by company insiders.

Fidelity National Financial Trading Up 0.4 %

NYSE FNF opened at $57.91 on Friday. The company’s fifty day simple moving average is $57.45 and its 200-day simple moving average is $58.88. The stock has a market cap of $15.85 billion, a P/E ratio of 21.06 and a beta of 1.39. Fidelity National Financial, Inc. has a 52 week low of $46.85 and a 52 week high of $64.83. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Keefe, Bruyette & Woods cut 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 report on Wednesday, January 8th. Truist Financial lifted their target price on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and increased their price target for the company from $76.00 to $77.00 in a report on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.40.

Fidelity National Financial 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.