Empower Advisory Group LLC Takes Position in Fidelity National Financial, Inc. (NYSE:FNF)

Empower Advisory Group LLC purchased a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,395 shares of the financial services provider’s stock, valued at approximately $335,000.

Other institutional investors have also recently added to or reduced their stakes in the company. ZWJ Investment Counsel Inc. grew its position in shares of Fidelity National Financial by 1.0% in the third quarter. ZWJ Investment Counsel Inc. now owns 19,740 shares of the financial services provider’s stock valued at $1,225,000 after purchasing an additional 195 shares during the last quarter. Chesley Taft & Associates LLC grew its holdings in Fidelity National Financial by 1.9% during the 2nd quarter. Chesley Taft & Associates LLC now owns 10,575 shares of the financial services provider’s stock valued at $523,000 after buying an additional 200 shares during the last quarter. Intech Investment Management LLC increased its position in Fidelity National Financial by 1.3% during the second quarter. Intech Investment Management LLC now owns 15,336 shares of the financial services provider’s stock worth $758,000 after buying an additional 202 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Fidelity National Financial by 13.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider’s stock worth $87,000 after acquiring an additional 213 shares during the last quarter. Finally, Centennial Wealth Advisory LLC lifted its position in shares of Fidelity National Financial by 4.6% in the third quarter. Centennial Wealth Advisory LLC now owns 5,463 shares of the financial services provider’s stock valued at $339,000 after acquiring an additional 239 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Stock Up 0.3 %

Shares of FNF opened at $60.98 on Friday. The firm has a market cap of $16.69 billion, a PE ratio of 22.17 and a beta of 1.37. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The company’s fifty day moving average is $60.40 and its two-hundred day moving average is $55.27. Fidelity National Financial, Inc. has a fifty-two week low of $43.60 and a fifty-two week high of $62.97.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.11). The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 29.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.23 earnings per share. Analysts forecast that Fidelity National Financial, Inc. will post 4.5 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.28%. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, December 17th. Fidelity National Financial’s dividend payout ratio is 72.73%.

Insider Activity at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total value of $103,445.00. Following the completion of the transaction, the director now directly owns 13,206 shares in the company, valued at approximately $803,585.10. This represents a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on FNF. Stephens reiterated an “overweight” rating and set a $63.00 price objective on shares of Fidelity National Financial in a research report on Thursday, August 15th. 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 research report on Tuesday, October 8th. Truist Financial lifted their target price on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft increased their price target on 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 research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Fidelity National Financial currently has an average rating of “Hold” and a consensus price target of $63.60.

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.