Fidelity National Financial, Inc. (NYSE:FNF) Shares Bought by Verity & Verity LLC

Verity & Verity LLC lifted its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 0.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 215,952 shares of the financial services provider’s stock after purchasing an additional 538 shares during the quarter. Verity & Verity LLC owned about 0.08% of Fidelity National Financial worth $10,672,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Orion Portfolio Solutions LLC boosted its position in Fidelity National Financial by 59.8% in the 4th quarter. Orion Portfolio Solutions LLC now owns 19,126 shares of the financial services provider’s stock valued at $941,000 after buying an additional 7,156 shares during the period. TD Asset Management Inc grew its stake in shares of Fidelity National Financial by 26.7% during the fourth quarter. TD Asset Management Inc now owns 42,790 shares of the financial services provider’s stock worth $2,183,000 after purchasing an additional 9,023 shares in the last quarter. Stifel Financial Corp increased its holdings in Fidelity National Financial by 3.5% in the fourth quarter. Stifel Financial Corp now owns 96,199 shares of the financial services provider’s stock valued at $4,908,000 after buying an additional 3,252 shares during the last quarter. Campbell & CO Investment Adviser LLC raised its stake in Fidelity National Financial by 38.0% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 27,310 shares of the financial services provider’s stock valued at $1,393,000 after buying an additional 7,513 shares in the last quarter. Finally, Belpointe Asset Management LLC raised its position in Fidelity National Financial by 41.0% in the 4th quarter. Belpointe Asset Management LLC now owns 7,857 shares of the financial services provider’s stock valued at $401,000 after purchasing an additional 2,284 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Insider Transactions at Fidelity National Financial

In related news, Director Halim Dhanidina sold 1,700 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total transaction of $103,445.00. Following the sale, the director now owns 13,206 shares of the company’s stock, valued at $803,585.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on FNF shares. Stephens reaffirmed an “overweight” rating and issued a $63.00 target price on shares of Fidelity National Financial in a report on Thursday, August 15th. Truist Financial boosted their target price on Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods increased their target price on Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 4th. Finally, StockNews.com downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $61.80.

Fidelity National Financial Price Performance

FNF stock opened at $61.20 on Wednesday. The firm has a 50 day moving average of $57.82 and a 200-day moving average of $53.14. The company has a market cap of $16.72 billion, a price-to-earnings ratio of 20.13 and a beta of 1.36. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.52. Fidelity National Financial, Inc. has a 12-month low of $37.10 and a 12-month high of $62.11.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Wednesday, August 7th. The financial services provider reported $1.24 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the previous year, the firm posted $1.01 earnings per share. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, equities analysts expect that Fidelity National Financial, Inc. will post 4.53 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a $0.48 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.92 annualized dividend and a dividend yield of 3.14%. Fidelity National Financial’s dividend payout ratio is presently 63.16%.

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.