Eastover Investment Advisors LLC Has $7.95 Million Position in Fidelity National Financial, Inc. (NYSE:FNF)

Eastover Investment Advisors LLC decreased its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 1.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 128,019 shares of the financial services provider’s stock after selling 1,513 shares during the quarter. Fidelity National Financial accounts for approximately 3.7% of Eastover Investment Advisors LLC’s investment portfolio, making the stock its 9th largest position. Eastover Investment Advisors LLC’s holdings in Fidelity National Financial were worth $7,945,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. V Square Quantitative Management LLC bought a new stake in Fidelity National Financial during the fourth quarter worth about $27,000. Opal Wealth Advisors LLC bought a new position in shares of Fidelity National Financial in the second quarter worth about $26,000. New Covenant Trust Company N.A. bought a new position in shares of Fidelity National Financial in the first quarter worth about $30,000. Covestor Ltd lifted its holdings in shares of 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 acquiring an additional 303 shares during the last quarter. Finally, Salomon & Ludwin LLC lifted its holdings in shares of Fidelity National Financial by 231.0% in the first quarter. Salomon & Ludwin LLC now owns 609 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 425 shares during the last quarter. Institutional investors own 81.17% of the company’s stock.

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 transaction, the director now directly owns 13,206 shares in the company, valued at approximately $803,585.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.20% of the company’s stock.

Fidelity National Financial Stock Performance

NYSE:FNF opened at $59.97 on Tuesday. The company has a market capitalization of $16.39 billion, a PE ratio of 19.73 and a beta of 1.36. The company has a 50 day simple moving average of $58.24 and a two-hundred day simple moving average of $53.37. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.23 and a current ratio of 0.23. Fidelity National Financial, Inc. has a fifty-two week low of $37.10 and a fifty-two week high of $62.11.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.03). The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.20 billion. Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.01 EPS. Research analysts anticipate that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend was Monday, September 16th. Fidelity National Financial’s payout ratio is 63.16%.

Analyst Ratings Changes

A number of research firms have recently commented on FNF. StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Stephens reissued an “overweight” rating and issued a $63.00 target price on shares of Fidelity National Financial in a report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft upped their price objective 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. Truist Financial upped their price objective on Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods upped their price objective on Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a research note on Wednesday, September 4th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Fidelity National Financial has a consensus rating of “Hold” and a consensus target price of $61.80.

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.