Oppenheimer Asset Management Inc. Sells 10,029 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Oppenheimer Asset Management Inc. reduced its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 29.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,516 shares of the financial services provider’s stock after selling 10,029 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Fidelity National Financial were worth $1,459,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FNF. ZWJ Investment Counsel Inc. grew its position in Fidelity National Financial by 1.0% in the third quarter. ZWJ Investment Counsel Inc. now owns 19,740 shares of the financial services provider’s stock valued at $1,225,000 after purchasing an additional 195 shares in the last quarter. Chesley Taft & Associates LLC grew its holdings in shares of Fidelity National Financial by 1.9% in the 2nd quarter. Chesley Taft & Associates LLC now owns 10,575 shares of the financial services provider’s stock valued at $523,000 after acquiring an additional 200 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of Fidelity National Financial by 1.3% in the 2nd quarter. Intech Investment Management LLC now owns 15,336 shares of the financial services provider’s stock valued at $758,000 after acquiring an additional 202 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Fidelity National Financial by 13.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 213 shares during the last quarter. Finally, Centennial Wealth Advisory LLC raised its holdings in Fidelity National Financial by 4.6% during the third quarter. Centennial Wealth Advisory LLC now owns 5,463 shares of the financial services provider’s stock worth $339,000 after acquiring an additional 239 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Price Performance

Shares of NYSE FNF opened at $60.74 on Monday. The firm has a market cap of $16.62 billion, a P/E ratio of 22.09 and a beta of 1.37. The business’s 50 day moving average is $60.48 and its 200-day moving average is $55.46. 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 1-year low of $43.97 and a 1-year high of $62.97.

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 for the quarter, missing the consensus estimate of $1.41 by ($0.11). The firm had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.32 billion. Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The firm’s quarterly revenue was up 29.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.23 EPS. 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.29%. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s payout ratio is currently 69.82%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on FNF shares. Truist Financial raised their price target on Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Keefe, Bruyette & Woods upped 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 research report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Stephens restated an “overweight” rating and set a $63.00 price objective on shares of Fidelity National Financial in a research note on Thursday, August 15th. Finally, Barclays increased their price target on Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Fidelity National Financial has an average rating of “Hold” and a consensus target price of $63.60.

Insider Activity

In other news, Director Halim Dhanidina sold 1,700 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total value of $103,445.00. Following the completion of the transaction, the director now directly owns 13,206 shares in the company, valued at approximately $803,585.10. The trade was a 11.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.20% of the company’s stock.

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.