Fidelity National Financial, Inc. (NYSE:FNF) Holdings Lowered by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 2.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,567,930 shares of the financial services provider’s stock after selling 133,689 shares during the quarter. Principal Financial Group Inc. owned 1.67% of Fidelity National Financial worth $256,450,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of FNF. Capital Performance Advisors LLP purchased a new position in shares of Fidelity National Financial in the third quarter worth approximately $32,000. Brooklyn Investment Group acquired a new position in Fidelity National Financial in the 3rd quarter worth approximately $35,000. True Wealth Design LLC purchased a new position in Fidelity National Financial during the 3rd quarter worth approximately $41,000. Larson Financial Group LLC raised its stake in Fidelity National Financial by 141.1% during the 3rd quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 402 shares during the period. Finally, Covestor Ltd lifted its holdings in shares of Fidelity National Financial by 73.1% in the third quarter. Covestor Ltd now owns 812 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 343 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Insider Transactions at Fidelity National Financial

In other news, Director Halim Dhanidina sold 2,800 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $54.85, for a total transaction of $153,580.00. Following the transaction, the director now owns 16,716 shares in the company, valued at approximately $916,872.60. This trade represents a 14.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sandra Douglass Morgan sold 2,092 shares of the company’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the completion of the sale, the director now owns 32,386 shares of the company’s stock, valued at $1,824,303.38. This represents a 6.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.

Fidelity National Financial Price Performance

FNF opened at $57.91 on Tuesday. The stock has a fifty day moving average price of $57.45 and a 200 day moving average price of $58.93. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a 1 year low of $46.85 and a 1 year high of $64.83. The stock has a market cap of $15.85 billion, a price-to-earnings ratio of 21.06 and a beta of 1.39.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Keefe, Bruyette & Woods lowered their price target on 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 Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and increased their price target for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $66.40.

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.