Citigroup Inc. Has $15.10 Million Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Citigroup Inc. lifted its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 5.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 243,350 shares of the financial services provider’s stock after buying an additional 13,327 shares during the period. Citigroup Inc.’s holdings in Fidelity National Financial were worth $15,102,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of FNF. Opal Wealth Advisors LLC acquired a new position in shares of Fidelity National Financial during the 2nd quarter worth $26,000. New Covenant Trust Company N.A. acquired a new position in shares of Fidelity National Financial during the 1st quarter worth $30,000. Capital Performance Advisors LLP acquired a new position in shares of Fidelity National Financial during the 3rd quarter worth $32,000. International Assets Investment Management LLC bought a new stake in shares of Fidelity National Financial during the 2nd quarter worth $35,000. Finally, Innealta Capital LLC bought a new stake in shares of Fidelity National Financial during the 2nd quarter worth $43,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

Shares of Fidelity National Financial stock opened at $63.51 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. Fidelity National Financial, Inc. has a fifty-two week low of $44.10 and a fifty-two week high of $64.83. The firm has a fifty day moving average price of $60.82 and a two-hundred day moving average price of $56.00. The company has a market cap of $17.38 billion, a PE ratio of 23.09 and a beta of 1.37.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share 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 company had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same period last year, the company earned $1.23 earnings per share. Fidelity National Financial’s revenue for the quarter was up 29.7% on a year-over-year basis. Analysts expect that Fidelity National Financial, Inc. will post 4.5 EPS for the current year.

Fidelity National Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be given 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 dividend yield of 3.15%. The ex-dividend date of this dividend is Tuesday, December 17th. Fidelity National Financial’s payout ratio is 72.73%.

Insider Activity

In other news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial stock in a transaction dated Wednesday, September 18th. The shares were 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 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

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.