Creative Planning Cuts Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Creative Planning lessened its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 5.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,903 shares of the financial services provider’s stock after selling 1,449 shares during the quarter. Creative Planning’s holdings in Fidelity National Financial were worth $1,545,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Fidelity National Financial by 2.8% during the first quarter. Vanguard Group Inc. now owns 26,875,738 shares of the financial services provider’s stock valued at $1,427,102,000 after buying an additional 728,768 shares during the last quarter. Windacre Partnership LLC grew its position in Fidelity National Financial by 9.6% during the 1st quarter. Windacre Partnership LLC now owns 16,249,267 shares of the financial services provider’s stock worth $862,836,000 after acquiring an additional 1,424,767 shares during the last quarter. Victory Capital Management Inc. increased its stake in Fidelity National Financial by 8.5% in the 2nd quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider’s stock worth $404,332,000 after purchasing an additional 640,829 shares during the period. Cooke & Bieler LP lifted its position in Fidelity National Financial by 3.2% in the second quarter. Cooke & Bieler LP now owns 5,937,596 shares of the financial services provider’s stock valued at $293,436,000 after purchasing an additional 184,078 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Fidelity National Financial by 2.3% during the second quarter. Dimensional Fund Advisors LP now owns 3,428,258 shares of the financial services provider’s stock valued at $169,421,000 after purchasing an additional 77,118 shares during the period. 81.17% of the stock is owned by institutional investors.

Fidelity National Financial Trading Down 0.9 %

Shares of FNF opened at $60.05 on Wednesday. Fidelity National Financial, Inc. has a 1-year low of $38.51 and a 1-year high of $62.97. The firm has a market capitalization of $16.42 billion, a price-to-earnings ratio of 19.75 and a beta of 1.36. The firm’s 50-day moving average price is $60.08 and its 200-day moving average price is $54.46. 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 (NYSE:FNF) last posted its quarterly earnings data 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 net margin of 7.19% and a return on equity of 14.48%. The firm had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the previous year, the firm posted $1.01 earnings per share. The business’s revenue was up 2.9% compared to the same quarter last year. Sell-side analysts anticipate that Fidelity National Financial, Inc. will post 4.53 EPS for the current year.

Fidelity National Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a $0.48 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.92 dividend on an annualized basis and a yield of 3.20%. Fidelity National Financial’s dividend payout ratio (DPR) is 63.16%.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of the company’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total value of $103,445.00. Following the sale, the director now directly owns 13,206 shares of the company’s stock, valued at $803,585.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Keefe, Bruyette & Woods lifted their target price on shares of 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. Deutsche Bank Aktiengesellschaft increased their target price on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Barclays boosted their price target on Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Stephens reaffirmed an “overweight” rating and set a $63.00 price target on shares of Fidelity National Financial in a research report on Thursday, August 15th. Finally, Truist Financial lifted their price objective on Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Fidelity National Financial presently has an average rating of “Hold” and a consensus price target of $62.40.

Fidelity National Financial Profile

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.