KPP Advisory Services LLC Sells 1,061 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

KPP Advisory Services LLC lessened its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 13.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,702 shares of the financial services provider’s stock after selling 1,061 shares during the period. KPP Advisory Services LLC’s holdings in Fidelity National Financial were worth $416,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of FNF. Natixis Advisors LLC increased its stake in shares of Fidelity National Financial by 9.2% during the third quarter. Natixis Advisors LLC now owns 320,560 shares of the financial services provider’s stock valued at $19,894,000 after buying an additional 27,135 shares during the period. Empowered Funds LLC raised its position in shares of Fidelity National Financial by 3.6% in the 3rd quarter. Empowered Funds LLC now owns 42,127 shares of the financial services provider’s stock worth $2,614,000 after acquiring an additional 1,465 shares in the last quarter. Sheaff Brock Investment Advisors LLC bought a new stake in shares of Fidelity National Financial during the third quarter valued at approximately $218,000. CIBC Asset Management Inc raised its holdings in Fidelity National Financial by 3.2% in the third quarter. CIBC Asset Management Inc now owns 16,022 shares of the financial services provider’s stock worth $994,000 after purchasing an additional 499 shares in the last quarter. Finally, Metis Global Partners LLC bought a new stake in shares of Fidelity National Financial during the 3rd quarter valued at $205,000. 81.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

FNF has been the subject of a number of recent research reports. Barclays lifted their price target on shares of Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Truist Financial boosted their price target on Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Keefe, Bruyette & Woods lifted 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. Deutsche Bank Aktiengesellschaft increased their target price on Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Finally, Stephens reiterated an “overweight” rating and issued a $63.00 price target on shares of Fidelity National Financial in a research note on Thursday, August 15th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Fidelity National Financial currently has an average rating of “Hold” and a consensus target price of $63.60.

Fidelity National Financial Trading Down 0.4 %

Shares of NYSE:FNF opened at $60.74 on Friday. Fidelity National Financial, Inc. has a 52-week low of $43.97 and a 52-week high of $62.97. The stock has a market capitalization of $16.62 billion, a price-to-earnings ratio of 22.09 and a beta of 1.37. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. The stock’s 50-day simple moving average is $60.48 and its two-hundred day simple moving average is $55.42.

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

Fidelity National Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a $0.50 dividend. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend is Tuesday, December 17th. Fidelity National Financial’s dividend payout ratio is presently 69.82%.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total value of $103,445.00. Following the completion of the sale, the director now owns 13,206 shares in the company, valued at approximately $803,585.10. This represents a 11.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 5.20% of the company’s stock.

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.