Burney Co. Grows Stock Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Burney Co. boosted its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 4.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,470 shares of the financial services provider’s stock after purchasing an additional 906 shares during the period. Burney Co.’s holdings in Fidelity National Financial were worth $1,160,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FNF. Opal Wealth Advisors LLC bought a new position in shares of Fidelity National Financial during the 2nd quarter valued at $26,000. V Square Quantitative Management LLC purchased a new stake in Fidelity National Financial during the fourth quarter valued at $27,000. New Covenant Trust Company N.A. purchased a new stake in Fidelity National Financial during the first quarter valued at $30,000. Mather Group LLC. bought a new position in Fidelity National Financial in the first quarter valued at about $31,000. Finally, Covestor Ltd boosted its position in Fidelity National Financial by 109.0% in the first quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 303 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FNF. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $53.00 price objective on shares of Fidelity National Financial in a research note on Tuesday, August 6th. Truist Financial increased their price target on shares of Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. StockNews.com lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Finally, Stephens reiterated an “overweight” rating and set a $63.00 target price on shares of Fidelity National Financial in a research report on Thursday, August 15th. 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, the company presently has a consensus rating of “Hold” and an average target price of $59.80.

Insider Activity

In related news, CFO Anthony Park sold 85,000 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $50.82, for a total value of $4,319,700.00. Following the completion of the transaction, the chief financial officer now directly owns 99,049 shares of the company’s stock, valued at $5,033,670.18. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 5.20% of the company’s stock.

Fidelity National Financial Stock Up 0.2 %

Shares of FNF stock opened at $58.95 on Friday. The company has a market capitalization of $16.11 billion, a price-to-earnings ratio of 19.39 and a beta of 1.35. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.21 and a quick ratio of 0.21. The company’s fifty day moving average price is $53.30 and its 200-day moving average price is $51.62. Fidelity National Financial, Inc. has a one year low of $37.10 and a one year high of $59.39.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.03). The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.20 billion. Fidelity National Financial had a net margin of 6.55% and a return on equity of 14.24%. The company’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.01 EPS. Sell-side analysts expect that Fidelity National Financial, Inc. will post 4.58 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.92 annualized dividend and a dividend yield of 3.26%. Fidelity National Financial’s dividend payout ratio (DPR) is 63.16%.

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.