Advisors Asset Management Inc. Raises Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Advisors Asset Management Inc. lifted its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 5.7% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 43,092 shares of the financial services provider’s stock after acquiring an additional 2,341 shares during the quarter. Advisors Asset Management Inc.’s holdings in Fidelity National Financial were worth $2,674,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Opal Wealth Advisors LLC purchased a new stake in Fidelity National Financial during the second quarter valued at about $26,000. New Covenant Trust Company N.A. bought a new stake in shares of Fidelity National Financial in the 1st quarter valued at about $30,000. Covestor Ltd boosted its holdings in Fidelity National Financial by 109.0% during the 1st quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 303 shares during the period. Capital Performance Advisors LLP purchased a new stake in Fidelity National Financial during the 3rd quarter valued at about $32,000. Finally, International Assets Investment Management LLC bought a new position in Fidelity National Financial during the 2nd quarter worth approximately $35,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Insider Buying and Selling

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the business’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 sale, the director now directly owns 13,206 shares of the company’s stock, valued at approximately $803,585.10. The trade was a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

FNF has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods raised their price target on shares of Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a report on Wednesday, September 4th. Truist Financial upped their price objective on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Barclays raised their target price on Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Finally, Stephens reaffirmed an “overweight” rating and set a $63.00 price target on shares of Fidelity National Financial in a research report on Thursday, August 15th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $63.60.

Fidelity National Financial Trading Up 2.1 %

NYSE:FNF opened at $61.94 on Friday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a 12 month low of $44.10 and a 12 month high of $62.97. The company has a 50-day moving average price of $60.66 and a 200-day moving average price of $55.76. The stock has a market cap of $16.95 billion, a price-to-earnings ratio of 22.52 and a beta of 1.37.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). The firm had revenue of $3.60 billion during 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%. Fidelity National Financial’s revenue for the quarter was up 29.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.23 EPS. Equities analysts predict that Fidelity National Financial, Inc. will post 4.5 EPS 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 is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Tuesday, December 17th. Fidelity National Financial’s dividend payout ratio (DPR) is 69.82%.

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.