Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by SG Americas Securities LLC

Posted by Defense World Staff on Sep 29th, 2023

SG Americas Securities LLC trimmed its position in Fidelity National Financial, Inc. (NYSE:FNF – Free Report) by 37.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,366 shares of the financial services provider’s stock after selling 6,708 shares during the period. SG Americas Securities LLC’s holdings in Fidelity National Financial were worth $409,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in Fidelity National Financial by 3.1% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,348 shares of the financial services provider’s stock worth $309,000 after buying an additional 250 shares during the last quarter. Lido Advisors LLC boosted its stake in Fidelity National Financial by 3.3% during the 1st quarter. Lido Advisors LLC now owns 7,938 shares of the financial services provider’s stock worth $387,000 after purchasing an additional 257 shares during the last quarter. Sei Investments Co. boosted its stake in Fidelity National Financial by 1.5% during the 1st quarter. Sei Investments Co. now owns 19,176 shares of the financial services provider’s stock worth $938,000 after purchasing an additional 287 shares during the last quarter. Alps Advisors Inc. boosted its stake in Fidelity National Financial by 3.9% during the 4th quarter. Alps Advisors Inc. now owns 8,083 shares of the financial services provider’s stock worth $304,000 after purchasing an additional 303 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S boosted its stake in Fidelity National Financial by 8.4% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,137 shares of the financial services provider’s stock worth $145,000 after purchasing an additional 319 shares during the last quarter. 77.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fidelity National Financial

In other news, CEO Michael Joseph Nolan sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $43.12, for a total value of $1,293,600.00. Following the transaction, the chief executive officer now directly owns 354,786 shares in the company, valued at approximately $15,298,372.32. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 5.40% of the company’s stock.

Fidelity National Financial Stock Up 0.8 %

Shares of FNF opened at $41.33 on Friday. The company’s 50-day moving average price is $40.79 and its 200 day moving average price is $37.00. Fidelity National Financial, Inc. has a 12-month low of $31.84 and a 12-month high of $45.51. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.55. The firm has a market cap of $11.25 billion, a P/E ratio of 21.87 and a beta of 1.33.

Fidelity National Financial (NYSE:FNF – Get Free Report) last announced its quarterly earnings results on Tuesday, August 8th. The financial services provider reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.03). Fidelity National Financial had a net margin of 4.57% and a return on equity of 15.89%. The company had revenue of $3.07 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same quarter in the prior year, the business earned $1.90 earnings per share. Fidelity National Financial’s revenue was up 16.4% on a year-over-year basis. On average, sell-side analysts forecast that Fidelity National Financial, Inc. will post 3.8 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.80 annualized dividend and a dividend yield of 4.36%. Fidelity National Financial’s dividend payout ratio is currently 95.24%.

Analyst Upgrades and Downgrades

FNF has been the topic of several recent research reports. BTIG Research lifted their target price on shares of Fidelity National Financial from $47.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday, August 9th. TheStreet upgraded Fidelity National Financial from a “c+” rating to a “b” rating in a report on Wednesday, August 9th. StockNews.com assumed coverage on Fidelity National Financial in a report on Thursday, August 17th. They set a “hold” rating on the stock. Truist Financial boosted their target price on Fidelity National Financial from $48.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, August 10th. Finally, Stephens reissued an “overweight” rating and set a $48.00 price target on shares of Fidelity National Financial in a research report on Thursday, August 17th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.17.

Read Our Latest Report on Fidelity National Financial

Fidelity National Financial Company Profile

(Free Report)

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.