Geneos Wealth Management Inc. bought a new position in Fidelity National Financial, Inc. (NYSE:FNF – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,255 shares of the financial services provider’s stock, valued at approximately $183,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ZWJ Investment Counsel Inc. raised its position in shares of Fidelity National Financial by 1.0% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 19,740 shares of the financial services provider’s stock worth $1,225,000 after acquiring an additional 195 shares in the last quarter. Commerce Bank raised its holdings in Fidelity National Financial by 3.5% in the third quarter. Commerce Bank now owns 5,991 shares of the financial services provider’s stock worth $372,000 after purchasing an additional 200 shares in the last quarter. Chesley Taft & Associates LLC boosted its holdings in shares of Fidelity National Financial by 1.2% during the 4th quarter. Chesley Taft & Associates LLC now owns 16,686 shares of the financial services provider’s stock valued at $937,000 after buying an additional 200 shares in the last quarter. First Horizon Advisors Inc. grew its position in shares of Fidelity National Financial by 32.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 878 shares of the financial services provider’s stock worth $55,000 after buying an additional 216 shares during the period. Finally, Centennial Wealth Advisory LLC increased its stake in shares of Fidelity National Financial by 4.6% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 5,463 shares of the financial services provider’s stock worth $339,000 after acquiring an additional 239 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research firms recently commented on FNF. Truist Financial boosted their price objective on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and upped their price target for the stock from $76.00 to $77.00 in a research note on Friday, January 3rd. Keefe, Bruyette & Woods lowered their price objective on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a research note on Wednesday, January 8th. Finally, Barclays increased their target price 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. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.40.
Fidelity National Financial Trading Up 0.9 %
Shares of NYSE:FNF opened at $58.54 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. Fidelity National Financial, Inc. has a 1 year low of $46.85 and a 1 year high of $64.83. The company has a market cap of $16.02 billion, a P/E ratio of 21.29 and a beta of 1.38. The stock’s fifty day moving average price is $58.61 and its 200-day moving average price is $58.58.
Fidelity National Financial (NYSE:FNF – Get Free Report) last announced its quarterly 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). Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same period in the previous year, the business earned $1.23 EPS. The business’s revenue was up 29.7% compared to the same quarter last year. Sell-side analysts expect that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current year.
Fidelity National Financial Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.42%. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Tuesday, December 17th. Fidelity National Financial’s dividend payout ratio is presently 72.73%.
Insider Transactions at Fidelity National Financial
In related news, Director Sandra Douglass Morgan sold 2,092 shares of the firm’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total value of $117,842.36. Following the transaction, the director now directly owns 32,386 shares of the company’s stock, valued at approximately $1,824,303.38. This trade represents a 6.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial stock in a transaction on Friday, January 10th. The shares were sold at an average price of $54.85, for a total value of $153,580.00. Following the transaction, the director now owns 16,716 shares in the company, valued at $916,872.60. This trade represents a 14.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.
About Fidelity National Financial
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.
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