Benjamin F. Edwards & Company Inc. Buys 8,484 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Benjamin F. Edwards & Company Inc. increased its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 211.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,505 shares of the financial services provider’s stock after purchasing an additional 8,484 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Fidelity National Financial were worth $638,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in shares of Fidelity National Financial by 7.7% in the 3rd quarter. Principal Financial Group Inc. now owns 6,686,401 shares of the financial services provider’s stock valued at $276,143,000 after acquiring an additional 477,493 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Fidelity National Financial by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 6,020,265 shares of the financial services provider’s stock valued at $248,637,000 after purchasing an additional 86,446 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Fidelity National Financial by 34.8% during the third quarter. First Eagle Investment Management LLC now owns 5,942,081 shares of the financial services provider’s stock valued at $245,408,000 after purchasing an additional 1,535,401 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Fidelity National Financial by 195.2% during the fourth quarter. Victory Capital Management Inc. now owns 4,261,568 shares of the financial services provider’s stock worth $217,425,000 after purchasing an additional 2,818,001 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Fidelity National Financial by 62.7% in the third quarter. Bank of New York Mellon Corp now owns 3,061,024 shares of the financial services provider’s stock valued at $126,420,000 after buying an additional 1,179,506 shares during the period. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Performance

Shares of Fidelity National Financial stock opened at $52.16 on Wednesday. The company has a market cap of $14.25 billion, a P/E ratio of 27.31 and a beta of 1.33. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.52. The business has a 50-day moving average price of $50.66 and a two-hundred day moving average price of $48.51. Fidelity National Financial, Inc. has a 1-year low of $33.61 and a 1-year high of $53.96.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, February 21st. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.27). The company had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $2.80 billion. Fidelity National Financial had a net margin of 4.40% and a return on equity of 13.91%. During the same period in the previous year, the firm earned $1.06 EPS. As a group, analysts anticipate that Fidelity National Financial, Inc. will post 4.83 EPS for the current year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.48 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.92 annualized dividend and a dividend yield of 3.68%. Fidelity National Financial’s dividend payout ratio is currently 100.52%.

Insider Buying and Selling

In related news, Director Halim Dhanidina sold 3,000 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $50.64, for a total transaction of $151,920.00. Following the completion of the sale, the director now directly owns 14,906 shares of the company’s stock, valued at $754,839.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Fidelity National Financial news, Director Cary H. Thompson sold 23,410 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $51.11, for a total value of $1,196,485.10. Following the transaction, the director now directly owns 40,317 shares in the company, valued at $2,060,601.87. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Halim Dhanidina sold 3,000 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $50.64, for a total transaction of $151,920.00. Following the transaction, the director now directly owns 14,906 shares of the company’s stock, valued at $754,839.84. The disclosure for this sale can be found here. 5.40% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

FNF has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Fidelity National Financial in a report on Wednesday, January 10th. They set a “hold” rating on the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Fidelity National Financial from $54.00 to $56.00 and gave the stock a “market perform” rating in a research note on Thursday, March 21st. Truist Financial raised their target price on Fidelity National Financial from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Finally, Barclays upped their price target on Fidelity National Financial from $52.00 to $56.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $54.20.

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.