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Stephens Inc. AR increased its position in Fidelity National Financial, Inc. (NYSE:FNF – Get Rating) by 3.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 263,827 shares of the financial services provider’s stock after acquiring an additional 8,720 shares during the period. Stephens Inc. AR owned about 0.10% of Fidelity National Financial worth $9,551,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. FORA Capital LLC bought a new stake in shares of Fidelity National Financial in the second quarter worth $343,000. Counterpoint Mutual Funds LLC purchased a new position in shares of Fidelity National Financial in the second quarter valued at about $236,000. Vanguard Personalized Indexing Management LLC lifted its position in shares of Fidelity National Financial by 40.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 27,815 shares of the financial services provider’s stock valued at $1,028,000 after acquiring an additional 8,062 shares in the last quarter. Stratos Wealth Advisors LLC purchased a new position in shares of Fidelity National Financial in the second quarter valued at about $1,556,000. Finally, Rhumbline Advisers lifted its position in shares of Fidelity National Financial by 10.3% in the second quarter. Rhumbline Advisers now owns 306,091 shares of the financial services provider’s stock valued at $11,313,000 after acquiring an additional 28,695 shares in the last quarter. Institutional investors own 77.98% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the company. Truist Financial lowered their price objective on Fidelity National Financial from $60.00 to $56.00 and set a “buy” rating on the stock in a research report on Tuesday, November 29th. Credit Suisse Group decreased their target price on Fidelity National Financial from $48.00 to $47.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 6th. StockNews.com assumed coverage on Fidelity National Financial in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Stephens decreased their target price on Fidelity National Financial from $52.00 to $49.00 and set an “overweight” rating on the stock in a research report on Monday, September 26th. Finally, Barclays boosted their target price on Fidelity National Financial from $50.00 to $53.00 in a research report on Friday, January 6th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $53.40.
Insiders Place Their Bets
In other Fidelity National Financial news, Director Daniel D. Lane sold 5,531 shares of the business’s stock in a transaction that occurred on Monday, December 5th. The stock was sold at an average price of $37.44, for a total transaction of $207,080.64. Following the sale, the director now directly owns 271,325 shares of the company’s stock, valued at $10,158,408. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.10% of the stock is currently owned by insiders.
Fidelity National Financial Trading Up 0.3 %
Shares of NYSE FNF opened at $41.30 on Tuesday. The business’s 50 day moving average is $38.81 and its two-hundred day moving average is $38.76. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.18 and a quick ratio of 0.18. Fidelity National Financial, Inc. has a 1-year low of $34.51 and a 1-year high of $56.26. The stock has a market capitalization of $11.24 billion, a P/E ratio of 7.26 and a beta of 1.27.
Fidelity National Financial (NYSE:FNF – Get Rating) last issued its quarterly earnings data on Tuesday, November 8th. The financial services provider reported $1.07 earnings per share for the quarter, missing the consensus estimate of $1.54 by ($0.47). Fidelity National Financial had a return on equity of 24.29% and a net margin of 11.60%. The company had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.22 billion. During the same period in the previous year, the firm earned $2.12 earnings per share. The company’s revenue was down 17.6% compared to the same quarter last year. As a group, research analysts expect that Fidelity National Financial, Inc. will post 5.58 EPS for the current year.
Fidelity National Financial Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Friday, December 16th were paid a dividend of $0.45 per share. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.44. This represents a $1.80 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend was Thursday, December 15th. Fidelity National Financial’s payout ratio is presently 31.63%.
Fidelity National Financial Profile
(Get Rating)
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 insurance.
See Also
- Get a free copy of the StockNews.com research report on Fidelity National Financial (FNF)
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Want to see what other hedge funds are holding FNF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fidelity National Financial, Inc. (NYSE:FNF – Get Rating).
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