Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Pathstone Holdings LLC

Pathstone Holdings LLC decreased its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 5.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 27,173 shares of the financial services provider’s stock after selling 1,451 shares during the quarter. Pathstone Holdings LLC’s holdings in Fidelity National Financial were worth $1,686,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. TPG GP A LLC purchased a new stake in Fidelity National Financial during the 2nd quarter valued at approximately $83,798,000. Victory Capital Management Inc. raised its stake in shares of Fidelity National Financial by 8.5% during the second quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider’s stock worth $404,332,000 after purchasing an additional 640,829 shares during the last quarter. Cooke & Bieler LP lifted its holdings in shares of Fidelity National Financial by 3.2% during the second quarter. Cooke & Bieler LP now owns 5,937,596 shares of the financial services provider’s stock worth $293,436,000 after purchasing an additional 184,078 shares during the period. CWA Asset Management Group LLC purchased a new position in Fidelity National Financial in the 3rd quarter valued at $11,100,000. Finally, Strategic Financial Concepts LLC acquired a new position in Fidelity National Financial in the 2nd quarter valued at $66,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Insider Transactions at Fidelity National Financial

In other 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 value of $103,445.00. Following the sale, the director now directly owns 13,206 shares in the company, valued at $803,585.10. This represents a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 5.20% of the company’s stock.

Fidelity National Financial Trading Up 0.3 %

Shares of FNF opened at $63.51 on Thursday. Fidelity National Financial, Inc. has a twelve month low of $44.10 and a twelve month high of $64.83. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $17.38 billion, a P/E ratio of 23.09 and a beta of 1.37. The firm’s 50-day moving average is $60.82 and its two-hundred day moving average is $56.00.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The business’s revenue was up 29.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.23 EPS. On average, research analysts predict that Fidelity National Financial, Inc. will post 4.5 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be given a $0.50 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.15%. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s dividend payout ratio (DPR) is currently 72.73%.

Analyst Ratings Changes

Several analysts have recently commented on FNF shares. Deutsche Bank Aktiengesellschaft raised their target price 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. Stephens reaffirmed an “overweight” rating and issued a $63.00 price objective on shares of Fidelity National Financial in a report on Thursday, August 15th. Keefe, Bruyette & Woods boosted their target price on Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 4th. Barclays raised their price target on Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Finally, Truist Financial upped their price objective on Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $63.60.

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.