Nicolet Advisory Services LLC Acquires New Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Nicolet Advisory Services LLC bought a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) in the 3rd quarter, Holdings Channel.com reports. The firm bought 3,573 shares of the financial services provider’s stock, valued at approximately $217,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. ZWJ Investment Counsel Inc. grew its position in shares of Fidelity National Financial by 1.0% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 19,740 shares of the financial services provider’s stock valued at $1,225,000 after acquiring an additional 195 shares during the period. Chesley Taft & Associates LLC grew its holdings in Fidelity National Financial by 1.9% during the second quarter. Chesley Taft & Associates LLC now owns 10,575 shares of the financial services provider’s stock valued at $523,000 after purchasing an additional 200 shares during the period. Commerce Bank increased its position in Fidelity National Financial by 3.5% in the third quarter. Commerce Bank now owns 5,991 shares of the financial services provider’s stock worth $372,000 after buying an additional 200 shares in the last quarter. Intech Investment Management LLC raised its stake in shares of Fidelity National Financial by 1.3% in the second quarter. Intech Investment Management LLC now owns 15,336 shares of the financial services provider’s stock worth $758,000 after buying an additional 202 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Fidelity National Financial by 13.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider’s stock valued at $87,000 after buying an additional 213 shares in the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Halim Dhanidina sold 1,700 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $803,585.10. This trade represents a 11.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.20% of the company’s stock.

Fidelity National Financial Stock Performance

Shares of NYSE FNF opened at $61.94 on Monday. The company has a market cap of $16.95 billion, a P/E ratio of 22.52 and a beta of 1.37. Fidelity National Financial, Inc. has a 52-week low of $44.10 and a 52-week high of $62.97. 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 firm’s fifty day moving average is $60.66 and its two-hundred day moving average is $55.78.

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). 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 during the quarter, compared to analysts’ expectations of $3.32 billion. During the same quarter in the prior year, the firm posted $1.23 earnings per share. Fidelity National Financial’s quarterly revenue was up 29.7% on a year-over-year basis. As a group, analysts anticipate that Fidelity National Financial, Inc. will post 4.5 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.23%. 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 69.82%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on FNF shares. Stephens reissued an “overweight” rating and issued a $63.00 target price on shares of Fidelity National Financial in a report on Thursday, August 15th. Keefe, Bruyette & Woods increased 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. Truist Financial lifted their target price on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft increased their price target 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, Barclays boosted their price objective on 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. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Fidelity National Financial has a consensus rating of “Hold” and an average target price of $63.60.

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.