CWA Asset Management Group LLC Decreases Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

CWA Asset Management Group LLC lessened its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 4.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 171,764 shares of the financial services provider’s stock after selling 7,091 shares during the period. CWA Asset Management Group LLC’s holdings in Fidelity National Financial were worth $9,643,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in shares of Fidelity National Financial in the 3rd quarter worth about $32,000. Brooklyn Investment Group bought a new position in shares of Fidelity National Financial in the 3rd quarter worth approximately $35,000. True Wealth Design LLC bought a new stake in shares of Fidelity National Financial during the 3rd quarter valued at $41,000. UMB Bank n.a. raised its stake in Fidelity National Financial by 280.6% during the 3rd quarter. UMB Bank n.a. now owns 685 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 505 shares during the period. Finally, Larson Financial Group LLC raised its stake in Fidelity National Financial by 141.1% during the 3rd quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 402 shares during the period. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Insider Buying and Selling

In other Fidelity National Financial news, Director Sandra Douglass Morgan sold 2,092 shares of the company’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total value of $117,842.36. Following the completion of the transaction, the director now directly owns 32,386 shares of the company’s stock, valued at $1,824,303.38. This represents a 6.07 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 5.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FNF. Truist Financial boosted their target price on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Barclays increased their price objective on Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Keefe, Bruyette & Woods boosted their price objective on shares of Fidelity National Financial from $63.00 to $64.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $76.00 to $77.00 in a research report on Friday. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $66.60.

Fidelity National Financial Stock Up 0.9 %

Shares of Fidelity National Financial stock traded up $0.50 during trading on Monday, hitting $57.32. 214,061 shares of the stock were exchanged, compared to its average volume of 668,908. The stock has a market cap of $15.68 billion, a price-to-earnings ratio of 20.84 and a beta of 1.38. Fidelity National Financial, Inc. has a 12-month low of $46.85 and a 12-month high of $64.83. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The firm’s 50-day moving average price is $59.77 and its 200 day moving average price is $57.66.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 29.7% on a year-over-year basis. During the same period last year, the company posted $1.23 earnings per share. As a group, analysts forecast that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were paid a $0.50 dividend. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a yield of 3.49%. The ex-dividend date was Tuesday, December 17th. Fidelity National Financial’s payout ratio is presently 72.73%.

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.