559 Shares in Fidelity National Financial, Inc. (NYSE:FNF) Bought by Brooklyn Investment Group

Brooklyn Investment Group bought a new position in Fidelity National Financial, Inc. (NYSE:FNF) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 559 shares of the financial services provider’s stock, valued at approximately $35,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC raised its stake in shares of Fidelity National Financial by 11.4% during the 3rd quarter. FMR LLC now owns 872,017 shares of the financial services provider’s stock valued at $54,117,000 after buying an additional 89,031 shares during the last quarter. Bank of Montreal Can boosted its holdings in Fidelity National Financial by 4.7% in the 3rd quarter. Bank of Montreal Can now owns 184,207 shares of the financial services provider’s stock worth $11,259,000 after buying an additional 8,298 shares during the last quarter. Horizon Kinetics Asset Management LLC boosted its holdings in Fidelity National Financial by 35.1% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 58,071 shares of the financial services provider’s stock worth $3,604,000 after buying an additional 15,100 shares during the last quarter. Independent Advisor Alliance purchased a new position in Fidelity National Financial in the 3rd quarter worth approximately $208,000. Finally, Daiwa Securities Group Inc. lifted its stake in Fidelity National Financial by 9.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 19,596 shares of the financial services provider’s stock worth $1,216,000 after purchasing an additional 1,700 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Down 0.2 %

Shares of NYSE FNF opened at $63.39 on Friday. The firm has a market cap of $17.35 billion, a price-to-earnings ratio of 23.05 and a beta of 1.37. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a 52-week low of $44.39 and a 52-week high of $64.83. The business’s 50 day moving average is $60.92 and its two-hundred day moving average is $56.13.

Fidelity National Financial (NYSE:FNF) last announced 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 firm had revenue of $3.60 billion during 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%. The firm’s revenue for the quarter was up 29.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.23 EPS. Research analysts predict that Fidelity National Financial, Inc. will post 4.5 EPS for the current year.

Fidelity National Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a $0.50 dividend. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.16%. Fidelity National Financial’s payout ratio is 69.82%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. 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. 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 lifted their price target on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Keefe, Bruyette & Woods lifted their price target on shares of Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a research report on Wednesday, September 4th. Finally, Stephens reaffirmed an “overweight” rating and set a $63.00 price target on shares of Fidelity National Financial in a research report on Thursday, August 15th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Fidelity National Financial currently has a consensus rating of “Hold” and a consensus price target of $63.60.

Insiders Place Their Bets

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the business’s stock in a transaction 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 completion of the transaction, the director now owns 13,206 shares in the company, valued at $803,585.10. The trade was a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 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.