Janney Montgomery Scott LLC Has $1.73 Million Position in Fidelity National Financial, Inc. (NYSE:FNF)

Janney Montgomery Scott LLC grew its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 30,742 shares of the financial services provider’s stock after buying an additional 1,199 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Fidelity National Financial were worth $1,726,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Capital Performance Advisors LLP bought a new stake in shares of Fidelity National Financial in the 3rd quarter valued at approximately $32,000. Brooklyn Investment Group bought a new position in Fidelity National Financial during the 3rd quarter valued at about $35,000. True Wealth Design LLC acquired a new position in shares of Fidelity National Financial in the 3rd quarter worth approximately $41,000. UMB Bank n.a. grew its holdings in shares of Fidelity National Financial by 280.6% during the third 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 last quarter. Finally, Larson Financial Group LLC grew its holdings in Fidelity National Financial by 141.1% during the 3rd quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 402 shares during the last quarter. 81.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FNF has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and upped their target price for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Barclays increased their target price on shares of Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods reduced their target price on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a research note on Wednesday, January 8th. Finally, Truist Financial lifted their target price on Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $66.40.

Fidelity National Financial Stock Down 0.6 %

NYSE:FNF opened at $58.20 on Monday. 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 one year low of $46.85 and a one year high of $64.83. The company has a market cap of $15.92 billion, a PE ratio of 21.16 and a beta of 1.38. The firm’s 50 day simple moving average is $58.49 and its 200 day simple moving average is $58.65.

Fidelity National Financial (NYSE:FNF) last issued its earnings results 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). 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 revenue was up 29.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.23 earnings per share. On average, research 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 disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $2.00 annualized dividend and a yield of 3.44%. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s payout ratio is currently 72.73%.

Insider Activity at Fidelity National Financial

In related 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 directly 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Halim Dhanidina sold 2,800 shares of the company’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $54.85, for a total transaction of $153,580.00. Following the completion of the sale, the director now directly owns 16,716 shares of the company’s stock, valued at $916,872.60. This trade represents a 14.35 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is owned by company 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.