D.A. Davidson & CO. Lowers Position in Fidelity National Financial, Inc. (NYSE:FNF)

D.A. Davidson & CO. trimmed its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 1.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 48,158 shares of the financial services provider’s stock after selling 488 shares during the quarter. D.A. Davidson & CO.’s holdings in Fidelity National Financial were worth $2,989,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new stake in Fidelity National Financial in the second quarter valued at approximately $26,000. Capital Performance Advisors LLP purchased a new stake in Fidelity National Financial in the third quarter valued at approximately $32,000. International Assets Investment Management LLC purchased a new stake in Fidelity National Financial in the second quarter valued at approximately $35,000. Innealta Capital LLC purchased a new stake in Fidelity National Financial in the second quarter valued at approximately $43,000. Finally, UMB Bank n.a. grew its stake in Fidelity National Financial by 280.6% during the third quarter. UMB Bank n.a. now owns 685 shares of the financial services provider’s stock worth $43,000 after buying an additional 505 shares during the period. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total transaction of $103,445.00. Following the sale, the director now directly 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.20% of the company’s stock.

Fidelity National Financial Trading Up 0.3 %

NYSE:FNF opened at $63.51 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. The business’s 50 day moving average is $60.87 and its two-hundred day moving average is $56.05. Fidelity National Financial, Inc. has a 52 week low of $44.10 and a 52 week high of $64.83. The company has a market cap of $17.38 billion, a PE ratio of 23.09 and a beta of 1.37.

Fidelity National Financial (NYSE:FNF) last released 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). Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The firm had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the prior year, the business earned $1.23 EPS. The company’s quarterly revenue was up 29.7% on a year-over-year basis. On average, analysts predict that Fidelity National Financial, Inc. will post 4.5 EPS for the current year.

Fidelity National Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.15%. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, December 17th. Fidelity National Financial’s dividend payout ratio is presently 72.73%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on FNF shares. Keefe, Bruyette & Woods boosted their price objective on shares of Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft raised their price objective on Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Truist Financial upped their target price 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. Stephens reaffirmed an “overweight” rating and issued a $63.00 target price on shares of Fidelity National Financial in a research report on Thursday, August 15th. Finally, Barclays upped their target price on Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Fidelity National Financial currently has a consensus rating of “Hold” and an average price target of $63.60.

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.