Versant Capital Management Inc Acquires 252 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Versant Capital Management Inc increased its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 17.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,729 shares of the financial services provider’s stock after acquiring an additional 252 shares during the period. Versant Capital Management Inc’s holdings in Fidelity National Financial were worth $97,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. ZWJ Investment Counsel Inc. lifted its holdings in shares of Fidelity National Financial by 1.0% in the third quarter. ZWJ Investment Counsel Inc. now owns 19,740 shares of the financial services provider’s stock valued at $1,225,000 after purchasing an additional 195 shares in the last quarter. Commerce Bank lifted its stake in Fidelity National Financial by 3.5% during the 3rd quarter. Commerce Bank now owns 5,991 shares of the financial services provider’s stock valued at $372,000 after acquiring an additional 200 shares in the last quarter. Intech Investment Management LLC lifted its stake in Fidelity National Financial by 1.3% during the 2nd quarter. Intech Investment Management LLC now owns 15,336 shares of the financial services provider’s stock valued at $758,000 after acquiring an additional 202 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Fidelity National Financial by 13.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider’s stock worth $87,000 after acquiring an additional 213 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its stake in shares of Fidelity National Financial by 32.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 878 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 216 shares in the last quarter. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

Shares of NYSE FNF opened at $56.82 on Friday. The firm has a market cap of $15.55 billion, a price-to-earnings ratio of 20.66 and a beta of 1.36. The stock has a fifty day simple moving average of $59.77 and a two-hundred day simple moving average of $57.54. 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.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share 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 firm had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the previous year, the company posted $1.23 EPS. The firm’s revenue was up 29.7% compared to the same quarter last year. Analysts anticipate that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were paid a $0.50 dividend. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.52%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 72.73%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and boosted their price target for the stock from $76.00 to $77.00 in a report on Friday. Barclays upped 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. Keefe, Bruyette & Woods lifted their price target on Fidelity National Financial from $63.00 to $64.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. Finally, Truist Financial upped their price objective 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. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Fidelity National Financial currently has a consensus rating of “Moderate Buy” and an average target price of $66.60.

Insider Activity

In related news, Director Sandra Douglass Morgan sold 2,092 shares of the business’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 sale, the director now directly owns 32,386 shares in the company, valued at approximately $1,824,303.38. The trade was a 6.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 5.20% of the company’s stock.

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.