Pathstone Holdings LLC Cuts Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Pathstone Holdings LLC trimmed its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 5.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,173 shares of the financial services provider’s stock after selling 1,451 shares during the quarter. Pathstone Holdings LLC’s holdings in Fidelity National Financial were worth $1,686,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of FNF. Opal Wealth Advisors LLC purchased a new position in shares of Fidelity National Financial in the second quarter valued at approximately $26,000. New Covenant Trust Company N.A. acquired a new stake in Fidelity National Financial during the 1st quarter worth approximately $30,000. Capital Performance Advisors LLP purchased a new position in Fidelity National Financial in the 3rd quarter valued at approximately $32,000. International Assets Investment Management LLC acquired a new position in shares of Fidelity National Financial in the second quarter worth $35,000. Finally, Innealta Capital LLC acquired a new position in shares of Fidelity National Financial in the second quarter worth $43,000. 81.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Truist Financial increased their price objective 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. 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 report on Tuesday, October 8th. Keefe, Bruyette & Woods boosted their price objective on 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 raised 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. Finally, Stephens reiterated an “overweight” rating and set a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $63.60.

Insider Activity at Fidelity National Financial

In related news, Director Halim Dhanidina sold 1,700 shares of the firm’s stock in a transaction that occurred 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 owns 13,206 shares in the company, valued at $803,585.10. This trade represents a 11.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 5.20% of the stock is owned by corporate insiders.

Fidelity National Financial Trading Up 0.3 %

NYSE:FNF opened at $63.51 on Thursday. 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, Inc. has a 1 year low of $44.10 and a 1 year high of $64.83. The stock has a market cap of $17.38 billion, a P/E ratio of 23.09 and a beta of 1.37. The stock has a 50-day simple moving average of $60.82 and a 200-day simple moving average of $56.00.

Fidelity National Financial (NYSE:FNF) last announced its quarterly 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). Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same period last year, the company earned $1.23 earnings per share. The business’s revenue for the quarter was up 29.7% compared to the same quarter last year. As a group, 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a dividend of $0.50 per share. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Tuesday, December 17th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 72.73%.

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.