EverSource Wealth Advisors LLC Sells 173 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

EverSource Wealth Advisors LLC lessened its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 11.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,319 shares of the financial services provider’s stock after selling 173 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Fidelity National Financial were worth $74,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Brooklyn Investment Group bought a new stake in shares of Fidelity National Financial in the third quarter valued at about $35,000. Parkside Financial Bank & Trust boosted its position in shares of Fidelity National Financial by 50.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 209 shares during the period. Kestra Investment Management LLC bought a new stake in shares of Fidelity National Financial in the fourth quarter valued at about $37,000. True Wealth Design LLC bought a new stake in shares of Fidelity National Financial in the third quarter valued at about $41,000. Finally, Larson Financial Group LLC boosted its position in shares of Fidelity National Financial by 141.1% in the third quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 402 shares during the period. Institutional investors own 81.17% of the company’s stock.

Insider Activity

In other news, Director Halim Dhanidina sold 2,800 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $54.85, for a total value of $153,580.00. Following the completion of the transaction, the director now owns 16,716 shares of the company’s stock, valued at $916,872.60. This represents a 14.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Sandra Douglass Morgan sold 2,092 shares of the company’s stock in a transaction that occurred on 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 disclosure for this sale can be found here. 5.20% of the stock is currently owned by insiders.

Fidelity National Financial Stock Down 1.3 %

Shares of NYSE FNF opened at $64.05 on Wednesday. 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 company has a market cap of $17.61 billion, a price-to-earnings ratio of 13.77 and a beta of 1.32. Fidelity National Financial, Inc. has a 12 month low of $46.85 and a 12 month high of $65.65. The stock has a 50-day moving average price of $59.40 and a two-hundred day moving average price of $59.77.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, topping the consensus estimate of $1.23 by $0.11. The firm had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.33 billion. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. During the same quarter in the previous year, the firm earned $0.75 earnings per share. As a group, analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Monday, March 17th. Fidelity National Financial’s dividend payout ratio is currently 43.01%.

Analysts Set New Price Targets

A number of research analysts recently commented on FNF shares. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and boosted their price target for the company from $76.00 to $77.00 in a research note on Friday, January 3rd. Keefe, Bruyette & Woods dropped their price target 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. StockNews.com downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Barclays boosted their price target on Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Finally, Stephens boosted their price target on Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, February 24th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $70.40.

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.