7,228 Shares in Fidelity National Financial, Inc. (NYSE:FNF) Purchased by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. bought a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 7,228 shares of the financial services provider’s stock, valued at approximately $406,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Park Avenue Securities LLC boosted its holdings in shares of Fidelity National Financial by 7.6% during the 4th quarter. Park Avenue Securities LLC now owns 43,956 shares of the financial services provider’s stock worth $2,468,000 after purchasing an additional 3,112 shares during the last quarter. Oak Thistle LLC acquired a new position in shares of Fidelity National Financial during the 4th quarter worth approximately $431,000. Accurate Wealth Management LLC boosted its holdings in shares of Fidelity National Financial by 11.9% during the 4th quarter. Accurate Wealth Management LLC now owns 5,238 shares of the financial services provider’s stock worth $284,000 after purchasing an additional 556 shares during the last quarter. Pallas Capital Advisors LLC boosted its holdings in shares of Fidelity National Financial by 8.0% during the 4th quarter. Pallas Capital Advisors LLC now owns 5,836 shares of the financial services provider’s stock worth $328,000 after purchasing an additional 430 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Fidelity National Financial by 1.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 25,094 shares of the financial services provider’s stock worth $1,557,000 after purchasing an additional 348 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FNF has been the topic of several recent research reports. Barclays boosted their target price on Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and upped their price objective for the company from $76.00 to $77.00 in a report on Friday, January 3rd. Keefe, Bruyette & Woods decreased their price objective on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a report on Wednesday, January 8th. 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 report on Monday, November 11th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $66.40.

Insider Activity at Fidelity National Financial

In other Fidelity National Financial news, Director Sandra Douglass Morgan sold 2,092 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the transaction, the director now owns 32,386 shares of the company’s stock, valued at approximately $1,824,303.38. This trade represents a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Halim Dhanidina sold 2,800 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $54.85, for a total value of $153,580.00. Following the transaction, the director now directly owns 16,716 shares in the company, valued at approximately $916,872.60. The trade was a 14.35 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by corporate insiders.

Fidelity National Financial Stock Performance

NYSE:FNF opened at $58.12 on Tuesday. The firm has a market capitalization of $15.91 billion, a PE ratio of 21.14 and a beta of 1.38. The business’s fifty day moving average price is $59.00 and its 200 day moving average price is $58.15. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. Fidelity National Financial, Inc. has a 12 month low of $46.85 and a 12 month high of $64.83.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.11). The business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The business’s quarterly revenue was up 29.7% compared to the same quarter last year. During the same period last year, the company earned $1.23 EPS. On average, sell-side analysts anticipate that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.44%. The ex-dividend date was Tuesday, December 17th. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s dividend payout ratio is 72.73%.

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.