Brave Warrior Advisors LLC Sells 45,848 Shares of Fidelity National Financial, Inc. (NYSE:FNF) (2024)

Brave Warrior Advisors LLC decreased its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,450,324 shares of the financial services provider's stock after selling 45,848 shares during the period. Fidelity National Financial accounts for about 11.5% of Brave Warrior Advisors LLC's holdings, making the stock its 2nd biggest position. Brave Warrior Advisors LLC owned 3.47% of Fidelity National Financial worth $482,156,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. VisionPoint Advisory Group LLC lifted its holdings in shares of Fidelity National Financial by 107.0% in the third quarter. VisionPoint Advisory Group LLC now owns 737 shares of the financial services provider's stock worth $30,000 after buying an additional 381 shares in the last quarter. Atlantic Edge Private Wealth Management LLC purchased a new stake in Fidelity National Financial in the 4th quarter worth approximately $44,000. Orion Capital Management LLC bought a new position in shares of Fidelity National Financial in the third quarter worth $51,000. SRS Capital Advisors Inc. increased its stake in Fidelity National Financial by 57.9% in the 3rd quarter. SRS Capital Advisors Inc. now owns 1,415 shares of the financial services provider's stock worth $58,000 after acquiring an additional 519 shares during the last quarter. Finally, Neo Ivy Capital Management purchased a new stake in shares of Fidelity National Financial in the 3rd quarter valued at about $63,000. Institutional investors own 81.17% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FNF. Barclays upped their price objective on shares of Fidelity National Financial from $52.00 to $56.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 9th. Truist Financial upped their target price on shares of Fidelity National Financial from $55.00 to $60.00 and gave the stock a "buy" rating in a research report on Friday, February 23rd. Stephens raised their price target on Fidelity National Financial from $59.00 to $60.00 and gave the company an "overweight" rating in a research report on Friday, May 10th. Finally, Keefe, Bruyette & Woods dropped their price target on Fidelity National Financial from $56.00 to $55.00 and set a "market perform" rating for the company in a research note on Monday, May 13th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $55.80.

View Our Latest Report on Fidelity National Financial

Fidelity National Financial Trading Down 1.5 %

NYSE FNF traded down $0.74 on Friday, hitting $48.27. The company's stock had a trading volume of 749,407 shares, compared to its average volume of 1,381,979. The firm has a market cap of $13.19 billion, a P/E ratio of 15.88 and a beta of 1.35. Fidelity National Financial, Inc. has a 52-week low of $33.61 and a 52-week high of $53.96. The company's 50-day simple moving average is $50.35 and its 200 day simple moving average is $50.07. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.08). Fidelity National Financial had a net margin of 6.55% and a return on equity of 14.24%. The company had revenue of $3.30 billion for the quarter, compared to analysts' expectations of $2.72 billion. Fidelity National Financial's quarterly revenue was up 33.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.52 EPS. Research analysts predict that Fidelity National Financial, Inc. will post 4.67 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date is Friday, June 14th. Fidelity National Financial's dividend payout ratio (DPR) is presently 63.16%.

Insider Transactions at Fidelity National Financial

In related news, CFO Anthony Park sold 85,000 shares of the business's stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $50.82, for a total transaction of $4,319,700.00. Following the sale, the chief financial officer now owns 99,049 shares of the company's stock, valued at $5,033,670.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Halim Dhanidina sold 3,000 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $50.64, for a total value of $151,920.00. Following the sale, the director now directly owns 14,906 shares of the company's stock, valued at $754,839.84. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Anthony Park sold 85,000 shares of Fidelity National Financial stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $50.82, for a total value of $4,319,700.00. Following the completion of the transaction, the chief financial officer now directly owns 99,049 shares of the company's stock, valued at approximately $5,033,670.18. The disclosure for this sale can be found here. Insiders own 5.20% of the company's stock.

About Fidelity National Financial

(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.

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