Janney Montgomery Scott LLC Raises Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Janney Montgomery Scott LLC lifted its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 1.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,543 shares of the financial services provider’s stock after buying an additional 462 shares during the period. Janney Montgomery Scott LLC’s holdings in Fidelity National Financial were worth $1,833,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of FNF. Prossimo Advisors LLC grew its holdings in shares of Fidelity National Financial by 6.6% in the 3rd quarter. Prossimo Advisors LLC now owns 9,261 shares of the financial services provider’s stock worth $575,000 after acquiring an additional 575 shares during the period. Farther Finance Advisors LLC grew its holdings in shares of Fidelity National Financial by 28.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,248 shares of the financial services provider’s stock worth $201,000 after acquiring an additional 712 shares during the period. Dash Acquisitions Inc. acquired a new stake in shares of Fidelity National Financial in the 3rd quarter worth approximately $217,000. AustralianSuper Pty Ltd grew its holdings in shares of Fidelity National Financial by 0.4% in the 3rd quarter. AustralianSuper Pty Ltd now owns 1,833,765 shares of the financial services provider’s stock worth $113,803,000 after acquiring an additional 6,976 shares during the period. Finally, US Bancorp DE grew its holdings in shares of Fidelity National Financial by 4.0% in the 3rd quarter. US Bancorp DE now owns 20,718 shares of the financial services provider’s stock worth $1,286,000 after acquiring an additional 799 shares during the period. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Price Performance

FNF stock opened at $60.80 on Thursday. Fidelity National Financial, Inc. has a 52-week low of $43.11 and a 52-week high of $62.97. The stock’s fifty day simple moving average is $60.37 and its 200-day simple moving average is $55.23. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $16.64 billion, a price-to-earnings ratio of 22.11 and a beta of 1.37.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.11). Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same quarter last year, the business earned $1.23 EPS. Fidelity National Financial’s revenue for the quarter was up 29.7% compared to the same quarter last year. Equities research analysts expect that Fidelity National Financial, Inc. will post 4.5 EPS for the current year.

Fidelity National Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a $0.50 dividend. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend is Tuesday, December 17th. Fidelity National Financial’s dividend payout ratio (DPR) is 69.82%.

Insider Buying and Selling

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 value of $103,445.00. Following the transaction, the director now directly owns 13,206 shares of the company’s stock, valued at approximately $803,585.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 5.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FNF. StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Stephens reiterated an “overweight” rating and set a $63.00 target price on shares of Fidelity National Financial in a report on Thursday, August 15th. Keefe, Bruyette & Woods increased their target price on Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a report on Wednesday, September 4th. Truist Financial increased their target price on Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a report on Monday. Finally, Barclays increased their target price 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. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $63.60.

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.