Fidelity National Financial, Inc. (NYSE:FNF) Stock Holdings Raised by Fmr LLC

Fmr LLC lifted its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 11.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 872,017 shares of the financial services provider’s stock after purchasing an additional 89,031 shares during the period. Fmr LLC owned about 0.32% of Fidelity National Financial worth $54,117,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new position in shares of Fidelity National Financial in the 2nd quarter valued at about $26,000. Capital Performance Advisors LLP acquired a new position in Fidelity National Financial in the third quarter valued at approximately $32,000. International Assets Investment Management LLC bought a new position in shares of Fidelity National Financial during the second quarter valued at approximately $35,000. Innealta Capital LLC acquired a new stake in shares of Fidelity National Financial during the 2nd quarter worth approximately $43,000. Finally, UMB Bank n.a. raised its position in shares of Fidelity National Financial by 280.6% during the 3rd quarter. UMB Bank n.a. now owns 685 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 505 shares during the period. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Price Performance

Shares of NYSE FNF opened at $62.01 on Friday. The stock has a market cap of $16.97 billion, a P/E ratio of 22.55 and a beta of 1.36. The firm’s 50-day simple moving average is $61.09 and its 200 day simple moving average is $56.52. Fidelity National Financial, Inc. has a fifty-two week low of $46.35 and a fifty-two week high of $64.83. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.32 billion. Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The firm’s quarterly revenue was up 29.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.23 earnings per share. Equities analysts expect that Fidelity National Financial, Inc. will post 4.54 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. Shareholders of record on Tuesday, December 17th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.23%. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Tuesday, December 17th. Fidelity National Financial’s dividend payout ratio is 69.82%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Stephens restated an “overweight” rating and set a $63.00 price objective on shares of Fidelity National Financial in a research note on Thursday, August 15th. Barclays upped their price target on shares of Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Truist Financial lifted their price objective on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Keefe, Bruyette & Woods upped 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 report on Wednesday, September 4th. Four 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.com, Fidelity National Financial presently has an average rating of “Hold” and an average price target of $63.60.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total value of $103,445.00. Following the transaction, the director now owns 13,206 shares of the company’s stock, valued at $803,585.10. The trade was a 11.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 5.20% of the stock is currently owned by corporate insiders.

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.