Stratos Wealth Partners LTD. Takes Position in Fidelity National Financial, Inc. (NYSE:FNF)

Stratos Wealth Partners LTD. acquired a new stake in Fidelity National Financial, Inc. (NYSE:FNF) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,287 shares of the financial services provider’s stock, valued at approximately $219,000.

Several other institutional investors have also modified their holdings of the company. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Fidelity National Financial during the third quarter worth $2,778,000. CENTRAL TRUST Co raised its position in shares of Fidelity National Financial by 30.0% during the fourth quarter. CENTRAL TRUST Co now owns 2,230 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 515 shares during the period. AustralianSuper Pty Ltd raised its position in shares of Fidelity National Financial by 14.0% during the fourth quarter. AustralianSuper Pty Ltd now owns 1,570,956 shares of the financial services provider’s stock worth $80,150,000 after purchasing an additional 193,050 shares during the period. FMR LLC raised its position in shares of Fidelity National Financial by 5.0% during the third quarter. FMR LLC now owns 513,836 shares of the financial services provider’s stock worth $21,221,000 after purchasing an additional 24,469 shares during the period. Finally, Pathstone Family Office LLC raised its position in shares of Fidelity National Financial by 172.4% during the third quarter. Pathstone Family Office LLC now owns 27,380 shares of the financial services provider’s stock worth $1,131,000 after purchasing an additional 17,329 shares during the period. Institutional investors and hedge funds own 81.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Fidelity National Financial in a research report on Wednesday, January 10th. They set a “hold” rating on the stock. 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. Truist Financial upped their price target on Fidelity National Financial from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Finally, Keefe, Bruyette & Woods upped their price target on Fidelity National Financial from $54.00 to $56.00 and gave the company a “market perform” rating in a research report on Thursday, March 21st. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $54.20.

Insiders Place Their Bets

In other Fidelity National Financial news, Director Cary H. Thompson sold 23,410 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was 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 of the company’s stock, valued at approximately $2,060,601.87. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 5.40% of the company’s stock.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $47.10 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.21 and a quick ratio of 0.21. Fidelity National Financial, Inc. has a fifty-two week low of $32.02 and a fifty-two week high of $53.96. The stock’s 50-day moving average is $51.02 and its two-hundred day moving average is $47.36. The firm has a market cap of $12.87 billion, a P/E ratio of 24.66 and a beta of 1.34.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, February 21st. The financial services provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.27). Fidelity National Financial had a return on equity of 13.91% and a net margin of 4.40%. The firm had revenue of $3.43 billion during the quarter, compared to analyst estimates of $2.80 billion. During the same period in the previous year, the company earned $1.06 earnings per share. Analysts predict that Fidelity National Financial, Inc. will post 4.81 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 4.08%. The ex-dividend date was Thursday, March 14th. Fidelity National Financial’s payout ratio is currently 100.52%.

About Fidelity National Financial

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.