Cerity Partners LLC Boosts Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Cerity Partners LLC lifted its position in Fidelity National Financial, Inc. (NYSE:FNF) by 51.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,496 shares of the financial services provider’s stock after purchasing an additional 11,064 shares during the quarter. Cerity Partners LLC’s holdings in Fidelity National Financial were worth $2,017,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of FNF. TPG GP A LLC acquired a new position in Fidelity National Financial in the 2nd quarter worth approximately $83,798,000. Victory Capital Management Inc. boosted its holdings in shares of Fidelity National Financial by 8.5% in the 2nd quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider’s stock valued at $404,332,000 after acquiring an additional 640,829 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Fidelity National Financial by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,025,159 shares of the financial services provider’s stock worth $498,041,000 after acquiring an additional 289,962 shares during the period. Cooke & Bieler LP raised its holdings in shares of Fidelity National Financial by 3.2% during the second quarter. Cooke & Bieler LP now owns 5,937,596 shares of the financial services provider’s stock worth $293,436,000 after purchasing an additional 184,078 shares during the last quarter. Finally, CWA Asset Management Group LLC acquired a new position in Fidelity National Financial during the third quarter valued at $11,100,000. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $63.39 on Monday. 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 12-month low of $44.39 and a 12-month high of $64.83. The business’s 50 day moving average is $60.92 and its two-hundred day moving average is $56.19. The company has a market capitalization of $17.35 billion, a P/E ratio of 23.05 and a beta of 1.37.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). The business 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 5.57% and a return on equity of 13.72%. The company’s quarterly revenue was up 29.7% on a year-over-year basis. During the same quarter last year, the business earned $1.23 EPS. Analysts expect that Fidelity National Financial, Inc. will post 4.5 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be given a $0.50 dividend. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.16%. Fidelity National Financial’s dividend payout ratio (DPR) is 69.82%.

Analysts Set New Price Targets

Several brokerages have weighed in on FNF. Truist Financial increased their price target on 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 raised their target price on Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods boosted their price target on Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a report on Wednesday, September 4th. Stephens restated an “overweight” rating and issued a $63.00 price objective on shares of Fidelity National Financial in a research report on Thursday, August 15th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $63.60.

Insider Transactions at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial stock in a transaction that occurred 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 directly owns 13,206 shares of the company’s stock, valued at $803,585.10. The trade was a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 5.20% of the company’s stock.

Fidelity National Financial 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.