Foundations Investment Advisors LLC Cuts Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Foundations Investment Advisors LLC lowered its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 4.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,398 shares of the financial services provider’s stock after selling 319 shares during the period. Foundations Investment Advisors LLC’s holdings in Fidelity National Financial were worth $459,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of FNF. BNP Paribas Financial Markets lifted its stake in shares of Fidelity National Financial by 673.6% during the 1st quarter. BNP Paribas Financial Markets now owns 666,900 shares of the financial services provider’s stock worth $35,412,000 after purchasing an additional 580,694 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Fidelity National Financial by 7.7% during the first quarter. State Board of Administration of Florida Retirement System now owns 327,206 shares of the financial services provider’s stock valued at $17,375,000 after buying an additional 23,358 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in shares of Fidelity National Financial by 49.0% in the 1st quarter. Advisors Asset Management Inc. now owns 39,644 shares of the financial services provider’s stock valued at $2,105,000 after buying an additional 13,039 shares in the last quarter. Bayesian Capital Management LP purchased a new position in shares of Fidelity National Financial in the 1st quarter worth approximately $1,494,000. Finally, Cetera Investment Advisers raised its stake in shares of Fidelity National Financial by 117.9% during the 1st quarter. Cetera Investment Advisers now owns 44,417 shares of the financial services provider’s stock worth $2,359,000 after acquiring an additional 24,034 shares in the last quarter. Institutional investors own 81.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a report on Wednesday, September 4th. Truist Financial upped their target price on Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Stephens restated an “overweight” rating and set a $63.00 price target on shares of Fidelity National Financial in a research note 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 research report on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $62.40.

Insider Activity

In related news, Director Halim Dhanidina sold 1,700 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total transaction 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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.20% of the company’s stock.

Fidelity National Financial Trading Down 1.1 %

Fidelity National Financial stock opened at $59.96 on Friday. The stock has a 50-day moving average price of $59.89 and a 200 day moving average price of $54.19. The company has a market capitalization of $16.38 billion, a price-to-earnings ratio of 19.72 and a beta of 1.36. Fidelity National Financial, Inc. has a 52 week low of $37.48 and a 52 week high of $62.97. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.52.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $1.24 EPS for the quarter, missing the consensus estimate of $1.27 by ($0.03). The business had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.20 billion. Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The business’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.01 earnings per share. Sell-side analysts anticipate that Fidelity National Financial, Inc. will post 4.53 EPS for the current year.

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.20%. Fidelity National Financial’s payout ratio is currently 63.16%.

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.