Capital Advisors Wealth Management LLC Raises Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Capital Advisors Wealth Management LLC increased its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,418 shares of the financial services provider’s stock after buying an additional 919 shares during the period. Capital Advisors Wealth Management LLC’s holdings in Fidelity National Financial were worth $2,550,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in shares of Fidelity National Financial during the 3rd quarter worth approximately $32,000. Brooklyn Investment Group acquired a new stake in Fidelity National Financial in the third quarter worth about $35,000. True Wealth Design LLC acquired a new position in Fidelity National Financial during the 3rd quarter valued at approximately $41,000. UMB Bank n.a. lifted its position in Fidelity National Financial by 280.6% during the 3rd 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 grew its stake in Fidelity National Financial by 141.1% during the 3rd quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 402 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Insiders Place Their Bets

In other Fidelity National Financial news, Director Sandra Douglass Morgan sold 2,092 shares of the company’s stock in a transaction 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 transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $54.85, for a total transaction of $153,580.00. Following the completion of the sale, the director now owns 16,716 shares in the company, valued at approximately $916,872.60. This trade represents a 14.35 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FNF. Truist Financial raised their price objective on Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Keefe, Bruyette & Woods decreased their price objective 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. Barclays increased their price objective on shares of Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and boosted their target price for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.40.

Fidelity National Financial Price Performance

Shares of NYSE FNF opened at $57.64 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a market capitalization of $15.77 billion, a price-to-earnings ratio of 20.96 and a beta of 1.38. The firm’s 50 day simple moving average is $59.07 and its 200-day simple moving average is $57.96. Fidelity National Financial, Inc. has a 12 month low of $46.85 and a 12 month high of $64.83.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.11). The firm 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%. The firm’s quarterly revenue was up 29.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.23 EPS. Analysts expect that Fidelity National Financial, Inc. will post 4.57 EPS for the current year.

Fidelity National Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors 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 positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s payout ratio is currently 72.73%.

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.