Fidelity National Financial, Inc. (NYSE:FNF) Shares Acquired by Sterling Investment Counsel LLC

Sterling Investment Counsel LLC lifted its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 123.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,446 shares of the financial services provider’s stock after acquiring an additional 5,214 shares during the quarter. Sterling Investment Counsel LLC’s holdings in Fidelity National Financial were worth $586,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FNF. Wellington Management Group LLP boosted its stake in Fidelity National Financial by 45.3% in the 4th quarter. Wellington Management Group LLP now owns 38,396 shares of the financial services provider’s stock worth $1,959,000 after purchasing an additional 11,978 shares during the period. Mather Group LLC. acquired a new stake in shares of Fidelity National Financial during the 1st quarter valued at $31,000. Dynamic Advisor Solutions LLC boosted its stake in shares of Fidelity National Financial by 1.2% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 58,542 shares of the financial services provider’s stock valued at $3,109,000 after buying an additional 715 shares during the period. Atlas Capital Advisors LLC lifted its stake in shares of Fidelity National Financial by 791.5% in the 1st quarter. Atlas Capital Advisors LLC now owns 1,266 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 1,124 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Fidelity National Financial by 3.3% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 19,819 shares of the financial services provider’s stock valued at $1,052,000 after purchasing an additional 625 shares during the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

NYSE:FNF traded down $0.57 on Wednesday, reaching $60.22. The stock had a trading volume of 218,196 shares, compared to its average volume of 1,215,710. The company has a market capitalization of $16.45 billion, a P/E ratio of 20.00 and a beta of 1.36. Fidelity National Financial, Inc. has a 1-year low of $37.21 and a 1-year high of $62.97. 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 stock has a fifty day moving average price of $59.73 and a 200-day moving average price of $54.11.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share (EPS) 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 analyst estimates of $3.20 billion. Fidelity National Financial had a return on equity of 14.48% and a net margin of 7.19%. Fidelity National Financial’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.01 earnings per share. Research analysts forecast that Fidelity National Financial, Inc. will post 4.53 EPS for the current year.

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend was Monday, September 16th. Fidelity National Financial’s dividend payout ratio (DPR) is 63.16%.

Insider Buying and Selling

In related news, Director Halim Dhanidina sold 1,700 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were 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 directly owns 13,206 shares of the company’s stock, valued at $803,585.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 5.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

FNF has been the subject of several analyst reports. Keefe, Bruyette & Woods lifted 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 note on Wednesday, September 4th. Stephens reiterated an “overweight” rating and issued a $63.00 target price on shares of Fidelity National Financial in a report on Thursday, August 15th. Truist Financial boosted their price objective 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 boosted their price objective 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, StockNews.com downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $62.40.

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.