Commerce Bank Buys 200 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Commerce Bank raised its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 3.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 5,991 shares of the financial services provider’s stock after purchasing an additional 200 shares during the quarter. Commerce Bank’s holdings in Fidelity National Financial were worth $372,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its position in Fidelity National Financial by 3.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 187,996 shares of the financial services provider’s stock valued at $9,984,000 after buying an additional 6,084 shares during the period. B. Riley Wealth Advisors Inc. grew its stake in shares of Fidelity National Financial by 24.1% in the first quarter. B. Riley Wealth Advisors Inc. now owns 17,956 shares of the financial services provider’s stock worth $953,000 after purchasing an additional 3,489 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of Fidelity National Financial by 2.5% in the first quarter. California State Teachers Retirement System now owns 445,924 shares of the financial services provider’s stock worth $23,679,000 after purchasing an additional 10,997 shares during the last quarter. Tidal Investments LLC raised its position in Fidelity National Financial by 37.0% during the 1st quarter. Tidal Investments LLC now owns 22,617 shares of the financial services provider’s stock valued at $1,201,000 after purchasing an additional 6,105 shares during the last quarter. Finally, New Covenant Trust Company N.A. purchased a new stake in Fidelity National Financial in the 1st quarter worth approximately $30,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Insider Buying and Selling

In other 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 transaction of $103,445.00. Following the transaction, the director now directly owns 13,206 shares of the company’s stock, valued at $803,585.10. This represents a 11.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.20% of the stock is owned by company insiders.

Fidelity National Financial Price Performance

Shares of FNF opened at $63.32 on Wednesday. Fidelity National Financial, Inc. has a fifty-two week low of $44.10 and a fifty-two week high of $64.83. The firm’s 50-day simple moving average is $60.77 and its two-hundred day simple moving average is $55.95. The stock has a market cap of $17.33 billion, a PE ratio of 23.03 and a beta of 1.37. 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) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 EPS 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 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 prior year, the firm earned $1.23 earnings per share. The business’s revenue for the quarter was up 29.7% compared to the same quarter last year. Analysts anticipate that Fidelity National Financial, Inc. will post 4.5 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, December 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.16%. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s dividend payout ratio (DPR) is 69.82%.

Wall Street Analyst Weigh In

FNF has been the topic of several research analyst reports. Keefe, Bruyette & Woods boosted their target price 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. Truist Financial raised their target price on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Barclays boosted their price target on shares of 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. Stephens restated an “overweight” rating and issued a $63.00 price objective on shares of Fidelity National Financial in a report on Thursday, August 15th. Finally, Deutsche Bank Aktiengesellschaft upped 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. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $63.60.

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.