KBC Group NV Sells 482,605 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

KBC Group NV reduced its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 39.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 746,428 shares of the financial services provider’s stock after selling 482,605 shares during the period. KBC Group NV’s holdings in Fidelity National Financial were worth $46,323,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital Performance Advisors LLP bought a new position in shares of Fidelity National Financial in the third quarter worth about $32,000. Opal Wealth Advisors LLC bought a new position in Fidelity National Financial in the 2nd quarter valued at approximately $26,000. New Covenant Trust Company N.A. bought a new position in Fidelity National Financial in the 1st quarter valued at approximately $30,000. Covestor Ltd boosted its position in Fidelity National Financial by 109.0% in the first 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. Finally, UMB Bank n.a. grew its stake in shares of Fidelity National Financial by 280.6% during the third quarter. UMB Bank n.a. now owns 685 shares of the financial services provider’s stock worth $43,000 after buying an additional 505 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FNF has been the subject of a number of research reports. 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 research note on Tuesday, October 8th. Keefe, Bruyette & Woods increased 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. Deutsche Bank Aktiengesellschaft upped their price objective on Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Truist Financial raised their price objective on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a report on Monday. Finally, Stephens reissued an “overweight” rating and set a $63.00 target price on shares of Fidelity National Financial in a report on Thursday, August 15th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Fidelity National Financial has a consensus rating of “Hold” and an average price target of $63.60.

Fidelity National Financial Price Performance

Shares of FNF opened at $60.98 on Friday. The business has a 50-day moving average of $60.40 and a 200-day moving average of $55.27. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The company has a market capitalization of $16.69 billion, a price-to-earnings ratio of 22.17 and a beta of 1.37. Fidelity National Financial, Inc. has a 1 year low of $43.60 and a 1 year high of $62.97.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.11). Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The firm had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the previous year, the business posted $1.23 EPS. The firm’s revenue for the quarter was up 29.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Fidelity National Financial, Inc. will post 4.5 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.28%. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s dividend payout ratio is 69.82%.

Insiders Place Their Bets

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total value of $103,445.00. Following the transaction, the director now directly owns 13,206 shares of the company’s stock, valued at approximately $803,585.10. The trade was a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.20% of the company’s stock.

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.