Covestor Ltd Increases Position in Fidelity National Financial, Inc. (NYSE:FNF)

Covestor Ltd lifted its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 73.1% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 812 shares of the financial services provider’s stock after buying an additional 343 shares during the quarter. Covestor Ltd’s holdings in Fidelity National Financial were worth $50,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of FNF. Capital Performance Advisors LLP purchased a new position in shares of Fidelity National Financial in the third quarter valued at about $32,000. Opal Wealth Advisors LLC purchased a new position in Fidelity National Financial in the 2nd quarter worth approximately $26,000. New Covenant Trust Company N.A. bought a new position in Fidelity National Financial in the 1st quarter worth approximately $30,000. UMB Bank n.a. grew its holdings in Fidelity National Financial by 280.6% during the 3rd quarter. UMB Bank n.a. now owns 685 shares of the financial services provider’s stock valued at $43,000 after buying an additional 505 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in Fidelity National Financial during the 2nd quarter valued at approximately $35,000. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Up 0.3 %

Shares of NYSE:FNF opened at $60.98 on Friday. The company has a market cap of $16.69 billion, a price-to-earnings ratio of 22.20 and a beta of 1.37. Fidelity National Financial, Inc. has a 12 month low of $43.60 and a 12 month high of $62.97. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average price of $60.40 and a 200 day moving average price of $55.27.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.11). Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the previous year, the business earned $1.23 earnings per share. Fidelity National Financial’s revenue for the quarter was up 29.7% on a year-over-year basis. As a group, equities 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.28%. 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%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on FNF shares. Stephens restated an “overweight” rating and set a $63.00 target price on shares of Fidelity National Financial in a research report on Thursday, August 15th. 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. Deutsche Bank Aktiengesellschaft lifted their target price on Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Keefe, Bruyette & Woods increased their price target on Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a research note on Wednesday, September 4th. Finally, Truist Financial lifted their price objective on Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Fidelity National Financial has a consensus rating of “Hold” and a consensus target price of $63.60.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total value of $103,445.00. Following the sale, the director now owns 13,206 shares in the company, valued at $803,585.10. This trade represents a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 5.20% of the company’s stock.

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.