Capital Investment Counsel LLC Purchases 513 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Capital Investment Counsel LLC raised its position in Fidelity National Financial, Inc. (NYSE:FNF) by 0.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,793 shares of the financial services provider’s stock after purchasing an additional 513 shares during the quarter. Capital Investment Counsel LLC’s holdings in Fidelity National Financial were worth $4,766,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of FNF. Opal Wealth Advisors LLC bought a new stake in Fidelity National Financial in the 2nd quarter valued at approximately $26,000. New Covenant Trust Company N.A. bought a new stake in shares of Fidelity National Financial in the first quarter worth $30,000. Covestor Ltd boosted its holdings in 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 purchasing an additional 303 shares during the last quarter. Capital Performance Advisors LLP bought a new position in Fidelity National Financial in the third quarter valued at $32,000. Finally, International Assets Investment Management LLC bought a new position in Fidelity National Financial in the second quarter valued at $35,000. 81.17% of the stock is currently owned by institutional investors.

Fidelity National Financial Stock Up 2.1 %

FNF opened at $61.94 on Friday. The stock’s fifty day simple moving average is $60.66 and its 200 day simple moving average is $55.76. Fidelity National Financial, Inc. has a 1-year low of $44.10 and a 1-year high of $62.97. The stock has a market cap of $16.95 billion, a PE ratio of 22.52 and a beta of 1.37. 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 (NYSE:FNF) last issued 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 company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.32 billion. Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. Fidelity National Financial’s revenue for the quarter was up 29.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.23 earnings per share. As a group, research analysts expect that Fidelity National Financial, Inc. will post 4.5 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Tuesday, December 17th. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s payout ratio is currently 69.82%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods boosted 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 research report on Wednesday, September 4th. Barclays increased their price target on Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Truist Financial boosted their price target on Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. 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 report on Wednesday, August 7th. Finally, Stephens restated an “overweight” rating and set a $63.00 target price on shares of Fidelity National Financial in a report on Thursday, August 15th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Fidelity National Financial currently has an average rating of “Hold” and an average target price of $63.60.

Insider Activity

In other news, Director Halim Dhanidina sold 1,700 shares of the business’s stock in a transaction dated 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 sale, the director now 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.20% of the stock is owned by company insiders.

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.