Foundations Investment Advisors LLC Decreases Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Foundations Investment Advisors LLC lessened its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 4.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,398 shares of the financial services provider’s stock after selling 319 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Fidelity National Financial were worth $459,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in FNF. BNP Paribas Financial Markets grew its holdings in shares of Fidelity National Financial by 673.6% in the first quarter. BNP Paribas Financial Markets now owns 666,900 shares of the financial services provider’s stock valued at $35,412,000 after purchasing an additional 580,694 shares in the last quarter. State Board of Administration of Florida Retirement System increased its holdings in shares of Fidelity National Financial by 7.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 327,206 shares of the financial services provider’s stock worth $17,375,000 after buying an additional 23,358 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Fidelity National Financial by 49.0% during the 1st quarter. Advisors Asset Management Inc. now owns 39,644 shares of the financial services provider’s stock valued at $2,105,000 after buying an additional 13,039 shares in the last quarter. Bayesian Capital Management LP bought a new position in shares of Fidelity National Financial in the 1st quarter valued at about $1,494,000. Finally, Cetera Investment Advisers grew its position in Fidelity National Financial by 117.9% in the first quarter. Cetera Investment Advisers now owns 44,417 shares of the financial services provider’s stock worth $2,359,000 after acquiring an additional 24,034 shares in the last quarter. Institutional investors own 81.17% of the company’s stock.

Insiders Place Their Bets

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total value of $103,445.00. Following the completion of the sale, the director now directly owns 13,206 shares in the company, valued at approximately $803,585.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on FNF. Stephens reaffirmed an “overweight” rating and issued a $63.00 price objective on shares of Fidelity National Financial in a research note on Thursday, August 15th. Truist Financial raised their price target on Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods boosted their price objective on shares of Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a research report on Wednesday, September 4th. Barclays raised 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. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $62.40.

Fidelity National Financial Stock Down 1.1 %

NYSE:FNF opened at $59.96 on Friday. The company has a market cap of $16.38 billion, a price-to-earnings ratio of 19.72 and a beta of 1.36. Fidelity National Financial, Inc. has a twelve month low of $37.48 and a twelve month high of $62.97. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.52. The stock has a fifty day simple moving average of $59.89 and a 200-day simple moving average of $54.19.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data 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). The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.20 billion. Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.01 EPS. Analysts anticipate that Fidelity National Financial, Inc. will post 4.53 EPS for the current year.

Fidelity National Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $0.48 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.92 annualized dividend and a yield of 3.20%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 63.16%.

Fidelity National Financial Company 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.