Avidian Wealth Enterprises LLC Makes New Investment in Fidelity National Financial, Inc. (NYSE:FNF)

Avidian Wealth Enterprises LLC purchased a new position in Fidelity National Financial, Inc. (NYSE:FNF) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,273 shares of the financial services provider’s stock, valued at approximately $327,000.

A number of other large investors have also modified their holdings of the stock. Opal Wealth Advisors LLC acquired a new position in Fidelity National Financial during the 2nd quarter worth $26,000. New Covenant Trust Company N.A. purchased a new position in shares of Fidelity National Financial in the 1st quarter valued at about $30,000. Covestor Ltd grew its position in shares of 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 buying an additional 303 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Fidelity National Financial during the second quarter worth approximately $35,000. Finally, Innealta Capital LLC acquired a new stake in Fidelity National Financial in the second quarter valued at approximately $43,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of the firm’s stock in a transaction on 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 in the company, valued at approximately $803,585.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on FNF shares. Stephens reissued an “overweight” rating and issued a $63.00 price objective on shares of Fidelity National Financial in a research report on Thursday, August 15th. StockNews.com lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Truist Financial raised their price objective on shares of Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft increased 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 report on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a research report on Wednesday, September 4th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $62.40.

Fidelity National Financial Trading Down 2.9 %

NYSE FNF opened at $59.12 on Friday. Fidelity National Financial, Inc. has a one year low of $42.21 and a one year high of $62.97. The firm has a market cap of $16.17 billion, a PE ratio of 17.65 and a beta of 1.37. The firm’s fifty day moving average is $60.27 and its two-hundred day moving average is $54.92. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.23 and a current ratio of 0.23.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data 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 company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.32 billion. Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The firm’s revenue was up 29.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.23 earnings per share. Analysts expect that Fidelity National Financial, Inc. will post 4.53 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. Investors of record on Tuesday, December 17th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.38%. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s dividend payout ratio (DPR) is 57.31%.

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.