Covestor Ltd Raises Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Covestor Ltd lifted its position in Fidelity National Financial, Inc. (NYSE:FNF) by 73.1% in the third quarter, Holdings Channel reports. The firm owned 812 shares of the financial services provider’s stock after buying an additional 343 shares during the period. Covestor Ltd’s holdings in Fidelity National Financial were worth $50,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. TPG GP A LLC purchased a new stake in shares of Fidelity National Financial in the 2nd quarter worth $83,798,000. Windacre Partnership LLC lifted its stake in Fidelity National Financial by 9.6% in the first quarter. Windacre Partnership LLC now owns 16,249,267 shares of the financial services provider’s stock worth $862,836,000 after acquiring an additional 1,424,767 shares during the period. Vanguard Group Inc. grew its holdings in Fidelity National Financial by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 26,875,738 shares of the financial services provider’s stock worth $1,427,102,000 after acquiring an additional 728,768 shares in the last quarter. Victory Capital Management Inc. increased its position in Fidelity National Financial by 8.5% during the 2nd quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider’s stock valued at $404,332,000 after purchasing an additional 640,829 shares during the period. Finally, Cooke & Bieler LP raised its holdings in shares of Fidelity National Financial by 3.2% in the 2nd quarter. Cooke & Bieler LP now owns 5,937,596 shares of the financial services provider’s stock valued at $293,436,000 after purchasing an additional 184,078 shares in the last quarter. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Up 0.3 %

Shares of FNF stock opened at $60.98 on Friday. The stock’s fifty day moving average price is $60.40 and its 200 day moving average price is $55.27. 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 1-year low of $43.60 and a 1-year high of $62.97. The company has a market cap of $16.69 billion, a price-to-earnings ratio of 22.20 and a beta of 1.37.

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 (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.11). The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The business’s revenue was up 29.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.23 EPS. On average, research analysts expect that Fidelity National Financial, Inc. will post 4.5 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a $0.50 dividend. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. 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 3.28%. Fidelity National Financial’s dividend payout ratio (DPR) is 72.73%.

Insider Buying and Selling at Fidelity National Financial

In related news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial 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 completion of the sale, the director now owns 13,206 shares of the company’s stock, valued at $803,585.10. The trade was a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 5.20% of the company’s stock.

Wall Street Analysts Forecast Growth

FNF has been the topic of several research reports. Keefe, Bruyette & Woods lifted their price objective on shares of Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a report on Wednesday, September 4th. Truist Financial lifted their price target on Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a report on Monday. 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. Barclays lifted their target price 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. Finally, 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 report on Wednesday, August 7th. Four investment 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 a consensus target price of $63.60.

Fidelity National Financial Company 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.