Nisa Investment Advisors LLC trimmed its position in shares of Fidelity National Financial, Inc. (NYSE:FNF – Free Report) by 13.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,330 shares of the financial services provider’s stock after selling 4,655 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Fidelity National Financial were worth $1,703,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Capital Performance Advisors LLP acquired a new position in Fidelity National Financial during the third quarter worth $32,000. Brooklyn Investment Group purchased a new position in Fidelity National Financial during the 3rd quarter worth $35,000. True Wealth Design LLC purchased a new stake in shares of Fidelity National Financial in the third quarter valued at about $41,000. UMB Bank n.a. lifted its position in shares of Fidelity National Financial by 280.6% during the third quarter. UMB Bank n.a. now owns 685 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 505 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in Fidelity National Financial by 141.1% in the 3rd quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock valued at $43,000 after buying an additional 402 shares during the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.
Wall Street Analyst Weigh In
A number of analysts recently commented on FNF shares. 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. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and lifted their target price for the stock from $76.00 to $77.00 in a research note on Friday, January 3rd. Truist Financial increased their price target on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $66.40.
Get Our Latest Report on FNF
Insider Transactions at Fidelity National Financial
In other Fidelity National Financial news, Director Halim Dhanidina sold 2,800 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $54.85, for a total value of $153,580.00. Following the completion of the transaction, the director now owns 16,716 shares in the company, valued at $916,872.60. This trade represents a 14.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sandra Douglass Morgan sold 2,092 shares of Fidelity National Financial stock in a transaction dated 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 directly owns 32,386 shares of the company’s stock, valued at $1,824,303.38. The trade was a 6.07 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.
Fidelity National Financial Stock Up 0.1 %
FNF stock opened at $57.71 on Monday. Fidelity National Financial, Inc. has a fifty-two week low of $46.85 and a fifty-two week high of $64.83. The stock has a fifty day moving average of $58.74 and a 200-day moving average of $58.42. The company has a market capitalization of $15.79 billion, a price-to-earnings ratio of 20.99 and a beta of 1.38. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24.
Fidelity National Financial (NYSE:FNF – Get Free Report) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the prior year, the business earned $1.23 EPS. Fidelity National Financial’s revenue for the quarter was up 29.7% compared to the same quarter last year. As a group, equities research analysts predict that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current year.
Fidelity National Financial Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, December 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.47%. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s dividend payout ratio is currently 72.73%.
Fidelity National Financial Profile
(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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