Fidelity National Financial, Inc. (NYSE:FNF) Position Lessened by Atria Investments Inc

Atria Investments Inc reduced its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,733 shares of the financial services provider’s stock after selling 407 shares during the quarter. Atria Investments Inc’s holdings in Fidelity National Financial were worth $1,501,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in FNF. Capital Performance Advisors LLP acquired a new position in Fidelity National Financial during the 3rd quarter valued at about $32,000. Brooklyn Investment Group bought a new position in Fidelity National Financial during the third quarter valued at about $35,000. Parkside Financial Bank & Trust boosted its position in shares of Fidelity National Financial by 50.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 209 shares in the last quarter. Kestra Investment Management LLC acquired a new position in shares of Fidelity National Financial in the 4th quarter worth approximately $37,000. Finally, True Wealth Design LLC bought a new stake in shares of Fidelity National Financial in the 3rd quarter worth approximately $41,000. 81.17% of the stock is currently owned by institutional investors.

Fidelity National Financial Trading Down 2.1 %

Shares of NYSE FNF opened at $61.64 on Tuesday. 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 one year low of $46.85 and a one year high of $65.65. The business has a 50-day moving average price of $58.54 and a two-hundred day moving average price of $59.57. The firm has a market capitalization of $16.95 billion, a PE ratio of 13.26 and a beta of 1.32.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, topping the consensus estimate of $1.23 by $0.11. The business had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.33 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. During the same period last year, the company posted $0.75 earnings per share. As a group, analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend is Monday, March 17th. Fidelity National Financial’s dividend payout ratio is currently 43.01%.

Analyst Ratings Changes

FNF has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and raised their target price for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Keefe, Bruyette & Woods decreased their target price on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a report on Wednesday, January 8th. StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Stephens raised their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, February 24th. Finally, Truist Financial boosted their price target on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $70.40.

Insider Transactions at Fidelity National Financial

In other news, Director Sandra Douglass Morgan sold 2,092 shares of Fidelity National Financial stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the completion of the sale, the director now directly owns 32,386 shares in the company, valued at $1,824,303.38. The trade was a 6.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Halim Dhanidina sold 2,800 shares of the stock in a transaction that occurred on 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 represents a 14.35 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by company insiders.

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.