Fidelity National Financial, Inc. (NYSE:FNF) Holdings Reduced by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC decreased its position in Fidelity National Financial, Inc. (NYSE:FNF) by 5.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,060 shares of the financial services provider’s stock after selling 526 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Fidelity National Financial were worth $565,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. ZWJ Investment Counsel Inc. grew its position in Fidelity National Financial by 1.0% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 19,740 shares of the financial services provider’s stock worth $1,225,000 after purchasing an additional 195 shares during the last quarter. Commerce Bank boosted its holdings in shares of Fidelity National Financial by 3.5% in the third quarter. Commerce Bank now owns 5,991 shares of the financial services provider’s stock valued at $372,000 after acquiring an additional 200 shares in the last quarter. Intech Investment Management LLC boosted its holdings in shares of Fidelity National Financial by 1.3% in the second quarter. Intech Investment Management LLC now owns 15,336 shares of the financial services provider’s stock valued at $758,000 after acquiring an additional 202 shares in the last quarter. EverSource Wealth Advisors LLC boosted 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 valued at $87,000 after acquiring an additional 213 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Fidelity National Financial by 32.6% in the third quarter. First Horizon Advisors Inc. now owns 878 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 216 shares in the last quarter. Institutional investors own 81.17% of the company’s stock.

Analyst Ratings Changes

FNF has been the subject of several recent analyst reports. Barclays increased their price objective on shares of Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods decreased their price objective on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a report on Wednesday, January 8th. Truist Financial increased their price objective on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and increased their price objective for the company from $76.00 to $77.00 in a report on Friday, January 3rd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $66.40.

Fidelity National Financial Stock Up 0.8 %

FNF stock opened at $58.12 on Friday. Fidelity National Financial, Inc. has a 12 month low of $46.85 and a 12 month high of $64.83. The firm has a market cap of $15.91 billion, a PE ratio of 21.14 and a beta of 1.38. The firm has a 50 day simple moving average of $59.00 and a 200 day simple moving average of $58.02. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 EPS 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 analysts’ expectations of $3.32 billion. Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The firm’s revenue was up 29.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.23 EPS. Equities research analysts forecast that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.44%. The ex-dividend date was Tuesday, December 17th. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s dividend payout ratio is 72.73%.

Insider Activity at Fidelity National Financial

In other Fidelity National Financial news, Director Sandra Douglass Morgan sold 2,092 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total value of $117,842.36. Following the transaction, the director now owns 32,386 shares in the company, valued at approximately $1,824,303.38. This represents a 6.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Halim Dhanidina sold 2,800 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $54.85, for a total transaction of $153,580.00. Following the completion of the transaction, the director now owns 16,716 shares in the company, valued at approximately $916,872.60. This represents a 14.35 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is owned by insiders.

About Fidelity National Financial

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.