Verity & Verity LLC Boosts Stock Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Verity & Verity LLC grew its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 0.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 215,952 shares of the financial services provider’s stock after buying an additional 538 shares during the quarter. Verity & Verity LLC’s holdings in Fidelity National Financial were worth $10,672,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Fidelity National Financial by 2.8% in 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 purchasing an additional 728,768 shares during the period. Windacre Partnership LLC increased its position in shares of 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 in the last quarter. Victory Capital Management Inc. raised its stake in shares of Fidelity National Financial by 8.5% in 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 acquiring an additional 640,829 shares during the period. Cooke & Bieler LP raised its stake 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 acquiring an additional 184,078 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Fidelity National Financial by 2.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,428,258 shares of the financial services provider’s stock valued at $169,421,000 after acquiring an additional 77,118 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $61.20 on Wednesday. Fidelity National Financial, Inc. has a 12-month low of $37.10 and a 12-month high of $62.11. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.23 and a quick ratio of 0.23. The firm has a market capitalization of $16.72 billion, a price-to-earnings ratio of 20.13 and a beta of 1.36. The business has a 50 day simple moving average of $57.82 and a 200 day simple moving average of $53.14.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results 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). Fidelity National Financial had a return on equity of 14.48% and a net margin of 7.19%. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the previous year, the company posted $1.01 EPS. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. On average, equities research analysts anticipate that Fidelity National Financial, Inc. will post 4.53 EPS for the current year.

Fidelity National Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a dividend of $0.48 per share. The ex-dividend date was Monday, September 16th. This represents a $1.92 annualized dividend and a yield of 3.14%. Fidelity National Financial’s payout ratio is 63.16%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on FNF shares. Keefe, Bruyette & Woods boosted their price objective 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. Deutsche Bank Aktiengesellschaft boosted their price target on Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. StockNews.com lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Stephens reaffirmed an “overweight” rating and set a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. Finally, Truist Financial raised 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. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $61.80.

Insiders Place Their Bets

In related news, Director Halim Dhanidina sold 1,700 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were 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 $803,585.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.20% of the stock is owned by insiders.

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.