Thrivent Financial for Lutherans decreased its position in Fidelity National Financial, Inc. (NYSE:FNF – Free Report) by 2.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,032 shares of the financial services provider’s stock after selling 1,687 shares during the period. Thrivent Financial for Lutherans’ holdings in Fidelity National Financial were worth $3,788,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. Advisors Asset Management Inc. boosted its holdings in Fidelity National Financial by 49.0% in the 1st quarter. Advisors Asset Management Inc. now owns 39,644 shares of the financial services provider’s stock valued at $2,105,000 after purchasing an additional 13,039 shares in the last quarter. Bayesian Capital Management LP acquired a new stake in Fidelity National Financial in the first quarter valued at $1,494,000. Cetera Investment Advisers increased its position in shares of Fidelity National Financial by 117.9% in the first quarter. Cetera Investment Advisers now owns 44,417 shares of the financial services provider’s stock valued at $2,359,000 after buying an additional 24,034 shares in the last quarter. M&G Plc acquired a new position in shares of Fidelity National Financial during the 2nd quarter worth $629,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Fidelity National Financial by 61.0% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 49,707 shares of the financial services provider’s stock worth $2,457,000 after buying an additional 18,838 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.
Fidelity National Financial Stock Performance
NYSE FNF opened at $61.94 on Monday. The business’s 50-day moving average price is $60.66 and its 200 day moving average price is $55.78. 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 twelve month low of $44.10 and a twelve month high of $62.97. The company has a market capitalization of $16.95 billion, a PE ratio of 22.52 and a beta of 1.37.
Fidelity National Financial (NYSE:FNF – Get Free Report) last announced 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). Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same quarter in the previous year, the company earned $1.23 earnings per share. The company’s revenue was up 29.7% on a year-over-year basis. On average, research analysts predict that Fidelity National Financial, Inc. will post 4.5 earnings per share for the current year.
Fidelity National Financial Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, December 17th. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 3.23%. Fidelity National Financial’s payout ratio is currently 69.82%.
Insider Transactions at Fidelity National Financial
In other news, Director Halim Dhanidina sold 1,700 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was 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 owns 13,206 shares in the company, valued at approximately $803,585.10. The trade was a 11.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.20% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the stock. Truist Financial raised their target price 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. Keefe, Bruyette & Woods boosted their price target on Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a report on Wednesday, September 4th. Stephens reaffirmed an “overweight” rating and set a $63.00 price objective on shares of Fidelity National Financial in a research note on Thursday, August 15th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Finally, Barclays raised their price target on shares of 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. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Fidelity National Financial has an average rating of “Hold” and an average price target of $63.60.
Check Out Our Latest Analysis on Fidelity National Financial
About Fidelity National Financial
(Free Report)
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.
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