Empowered Funds LLC Raises Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Empowered Funds LLC raised its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 3.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,127 shares of the financial services provider’s stock after buying an additional 1,465 shares during the quarter. Empowered Funds LLC’s holdings in Fidelity National Financial were worth $2,614,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Sheaff Brock Investment Advisors LLC purchased a new stake in Fidelity National Financial in the 3rd quarter valued at $218,000. CIBC Asset Management Inc lifted its stake in shares of Fidelity National Financial by 3.2% in the 3rd quarter. CIBC Asset Management Inc now owns 16,022 shares of the financial services provider’s stock valued at $994,000 after purchasing an additional 499 shares during the last quarter. Metis Global Partners LLC acquired a new position in shares of Fidelity National Financial in the 3rd quarter valued at $205,000. Empower Advisory Group LLC acquired a new position in shares of Fidelity National Financial in the 3rd quarter valued at $335,000. Finally, Prime Capital Investment Advisors LLC lifted its stake in shares of Fidelity National Financial by 0.9% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 87,891 shares of the financial services provider’s stock valued at $5,455,000 after purchasing an additional 768 shares during the last quarter. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the 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 completion of the sale, the director now directly owns 13,206 shares of the company’s stock, valued at approximately $803,585.10. This trade represents a 11.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.20% of the stock is owned by insiders.

Fidelity National Financial Trading Down 0.2 %

FNF opened at $60.94 on Wednesday. Fidelity National Financial, Inc. has a one year low of $44.10 and a one year high of $62.97. The company has a market cap of $16.68 billion, a P/E ratio of 22.16 and a beta of 1.37. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. The business’s 50-day simple moving average is $60.57 and its 200-day simple moving average is $55.60.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). The business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The company’s revenue was up 29.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.23 EPS. As a group, equities research analysts expect that Fidelity National Financial, Inc. will post 4.5 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.28%. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Tuesday, December 17th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 69.82%.

Analysts Set New Price Targets

Several brokerages have recently commented on FNF. Deutsche Bank Aktiengesellschaft upped their price target on Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods increased their target price on Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 4th. Stephens reaffirmed an “overweight” rating and issued a $63.00 price target on shares of Fidelity National Financial in a research report on Thursday, August 15th. Truist Financial increased their price target on Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, November 11th. 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 report on Tuesday, October 8th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.