River Road Asset Management LLC Cuts Stock Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

River Road Asset Management LLC lowered its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 3.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 119,700 shares of the financial services provider’s stock after selling 4,922 shares during the period. River Road Asset Management LLC’s holdings in Fidelity National Financial were worth $7,429,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of FNF. State Board of Administration of Florida Retirement System lifted its position in shares of Fidelity National Financial by 7.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 327,206 shares of the financial services provider’s stock valued at $17,375,000 after buying an additional 23,358 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in Fidelity National Financial by 49.0% during the 1st quarter. Advisors Asset Management Inc. now owns 39,644 shares of the financial services provider’s stock valued at $2,105,000 after acquiring an additional 13,039 shares during the period. Bayesian Capital Management LP purchased a new stake in Fidelity National Financial in the 1st quarter worth approximately $1,494,000. Cetera Investment Advisers lifted its holdings in Fidelity National Financial by 117.9% in the 1st quarter. Cetera Investment Advisers now owns 44,417 shares of the financial services provider’s stock worth $2,359,000 after buying an additional 24,034 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in Fidelity National Financial by 85.1% in the 1st quarter. Russell Investments Group Ltd. now owns 131,200 shares of the financial services provider’s stock worth $6,965,000 after buying an additional 60,306 shares during the period. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Up 0.9 %

FNF stock opened at $59.50 on Wednesday. Fidelity National Financial, Inc. has a 1-year low of $41.31 and a 1-year high of $62.97. The business has a fifty day moving average price of $60.23 and a 200-day moving average price of $54.88. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.23 and a quick ratio of 0.23. The stock has a market capitalization of $16.27 billion, a P/E ratio of 17.76 and a beta of 1.37.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.03). Fidelity National Financial had a return on equity of 14.48% and a net margin of 7.19%. The business had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the prior year, the firm earned $1.01 EPS. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. Equities analysts forecast that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current fiscal year.

Insider Transactions at Fidelity National Financial

In related news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial stock in a transaction 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 completion of the sale, the director now owns 13,206 shares of the company’s stock, valued at $803,585.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 5.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on FNF shares. Deutsche Bank Aktiengesellschaft increased their target price on Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. StockNews.com lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Barclays lifted their price target on Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods lifted their price target 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. Finally, Stephens restated an “overweight” rating and set a $63.00 price target on shares of Fidelity National Financial in a research report on Thursday, August 15th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $62.40.

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 products.