Ameritas Investment Partners Inc. Sells 1,877 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Ameritas Investment Partners Inc. reduced its position in Fidelity National Financial, Inc. (NYSE:FNF) by 3.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 55,211 shares of the financial services provider’s stock after selling 1,877 shares during the period. Ameritas Investment Partners Inc.’s holdings in Fidelity National Financial were worth $2,729,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in FNF. Opal Wealth Advisors LLC purchased a new position in shares of Fidelity National Financial in the second quarter worth about $26,000. V Square Quantitative Management LLC purchased a new position in Fidelity National Financial in the 4th quarter valued at approximately $27,000. New Covenant Trust Company N.A. bought a new stake in Fidelity National Financial during the 1st quarter valued at $30,000. Mather Group LLC. purchased a new stake in shares of Fidelity National Financial during the first quarter worth $31,000. Finally, Covestor Ltd lifted its position in shares of Fidelity National Financial by 109.0% during the first quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 303 shares in the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. StockNews.com lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Stephens reissued an “overweight” rating and issued a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. Truist Financial increased their price target on shares of Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods increased 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 note on Wednesday, September 4th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Fidelity National Financial presently has an average rating of “Hold” and a consensus target price of $61.80.

Fidelity National Financial Stock Performance

NYSE:FNF opened at $60.95 on Friday. The stock has a market cap of $16.65 billion, a P/E ratio of 20.05 and a beta of 1.36. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.52. The business’s 50-day moving average price is $56.83 and its two-hundred day moving average price is $52.62. Fidelity National Financial, Inc. has a twelve month low of $37.10 and a twelve month high of $62.00.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.03). Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same period in the prior year, the business earned $1.01 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, equities analysts predict that Fidelity National Financial, Inc. will post 4.53 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a $0.48 dividend. The ex-dividend date is Monday, September 16th. This represents a $1.92 annualized dividend and a yield of 3.15%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 63.16%.

Insider Activity at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total transaction of $103,445.00. Following the completion of the sale, the director now owns 13,206 shares of the company’s stock, valued at $803,585.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 5.20% of the stock is owned by 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.