Capital Advisors Wealth Management LLC Boosts Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Capital Advisors Wealth Management LLC increased its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 2.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 45,418 shares of the financial services provider’s stock after acquiring an additional 919 shares during the quarter. Capital Advisors Wealth Management LLC’s holdings in Fidelity National Financial were worth $2,550,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FNF. Capital Performance Advisors LLP acquired a new position in Fidelity National Financial in the 3rd quarter valued at about $32,000. Brooklyn Investment Group purchased a new stake in shares of Fidelity National Financial during the 3rd quarter valued at approximately $35,000. True Wealth Design LLC acquired a new position in Fidelity National Financial in the third quarter valued at approximately $41,000. UMB Bank n.a. grew its position in Fidelity National Financial by 280.6% in the third quarter. UMB Bank n.a. now owns 685 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 505 shares during the period. Finally, Larson Financial Group LLC increased its stake in Fidelity National Financial by 141.1% during the third quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 402 shares during the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FNF. Barclays increased their price target on Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods lowered their target price on shares of 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. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and lifted their price target for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Finally, Truist Financial upped their price objective on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Fidelity National Financial has an average rating of “Moderate Buy” and a consensus price target of $66.40.

Fidelity National Financial Price Performance

Shares of FNF opened at $57.64 on Friday. 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 fifty-two week low of $46.85 and a fifty-two week high of $64.83. The company has a market cap of $15.77 billion, a P/E ratio of 20.96 and a beta of 1.38. The firm’s 50 day moving average price is $59.07 and its 200 day moving average price is $57.96.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the previous year, the business posted $1.23 earnings per share. The firm’s revenue was up 29.7% on a year-over-year basis. On average, research analysts forecast that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.47%. The ex-dividend date was Tuesday, December 17th. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s dividend payout ratio (DPR) is presently 72.73%.

Insider Transactions at Fidelity National Financial

In related news, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial stock in a transaction that occurred 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 completion of the transaction, the director now owns 16,716 shares in the company, valued at $916,872.60. The trade was a 14.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sandra Douglass Morgan sold 2,092 shares of the stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total transaction of $117,842.36. Following the completion of the sale, the director now directly owns 32,386 shares in the company, valued at approximately $1,824,303.38. This represents a 6.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

Fidelity National Financial Company 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.