Franklin Resources Inc. Decreases Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Franklin Resources Inc. reduced its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 7.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 163,708 shares of the financial services provider’s stock after selling 12,716 shares during the period. Franklin Resources Inc.’s holdings in Fidelity National Financial were worth $9,989,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Tidal Investments LLC lifted its position in Fidelity National Financial by 38.9% during the 3rd quarter. Tidal Investments LLC now owns 6,756 shares of the financial services provider’s stock worth $419,000 after acquiring an additional 1,892 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Fidelity National Financial during the third quarter worth about $672,000. Sanctuary Advisors LLC boosted its position in Fidelity National Financial by 136.9% in the third quarter. Sanctuary Advisors LLC now owns 157,438 shares of the financial services provider’s stock valued at $9,752,000 after buying an additional 90,968 shares during the last quarter. Virtue Capital Management LLC increased its holdings in Fidelity National Financial by 1.9% in the 3rd quarter. Virtue Capital Management LLC now owns 15,842 shares of the financial services provider’s stock worth $983,000 after buying an additional 296 shares during the period. Finally, Sunbelt Securities Inc. raised its position in Fidelity National Financial by 867.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,287 shares of the financial services provider’s stock worth $80,000 after buying an additional 1,154 shares during the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on FNF shares. Truist Financial upped their price objective on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a report on Monday, November 11th. Keefe, Bruyette & Woods increased their price target on Fidelity National Financial from $63.00 to $64.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 10th. Finally, Barclays lifted their price objective on Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $63.80.

Fidelity National Financial Stock Up 1.7 %

FNF stock opened at $56.11 on Friday. The firm’s fifty day moving average is $60.73 and its 200 day moving average is $57.08. The firm has a market cap of $15.35 billion, a PE ratio of 20.40 and a beta of 1.36. Fidelity National Financial, Inc. has a one year low of $46.85 and a one year high of $64.83. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 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 analyst estimates 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 was up 29.7% on a year-over-year basis. During the same quarter last year, the business earned $1.23 earnings per share. On average, research analysts forecast that Fidelity National Financial, Inc. will post 4.57 EPS for the current year.

Fidelity National Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.56%. 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. Fidelity National Financial’s dividend payout ratio is presently 72.73%.

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.