Avantra Family Wealth Inc. Purchases New Position in Fidelity National Financial, Inc. (NYSE:FNF)

Avantra Family Wealth Inc. bought a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,156 shares of the financial services provider’s stock, valued at approximately $458,000.

A number of other large investors have also bought and sold shares of the business. ZWJ Investment Counsel Inc. increased its stake in 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 worth $1,225,000 after purchasing an additional 195 shares in the last quarter. Commerce Bank increased its stake in Fidelity National Financial by 3.5% during the 3rd quarter. Commerce Bank now owns 5,991 shares of the financial services provider’s stock worth $372,000 after purchasing an additional 200 shares in the last quarter. Chesley Taft & Associates LLC increased its stake in Fidelity National Financial by 1.2% during the 4th quarter. Chesley Taft & Associates LLC now owns 16,686 shares of the financial services provider’s stock worth $937,000 after purchasing an additional 200 shares in the last quarter. First Horizon Advisors Inc. increased its stake in Fidelity National Financial by 32.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 878 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 216 shares in the last quarter. Finally, Centennial Wealth Advisory LLC increased its stake in Fidelity National Financial by 4.6% during the 3rd quarter. Centennial Wealth Advisory LLC now owns 5,463 shares of the financial services provider’s stock worth $339,000 after purchasing an additional 239 shares in the last quarter. 81.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FNF. Keefe, Bruyette & Woods decreased their price target 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. Truist Financial increased their price objective on Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and raised their price target for the company from $76.00 to $77.00 in a report on Friday, January 3rd. Finally, Barclays lifted their target price 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. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $66.40.

Insider Transactions at Fidelity National Financial

In related news, Director Halim Dhanidina sold 2,800 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 16,716 shares in the company, valued at $916,872.60. This trade represents a 14.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sandra Douglass Morgan sold 2,092 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $1,824,303.38. This trade represents a 6.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

Fidelity National Financial Stock Performance

NYSE:FNF opened at $58.20 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 stock has a market cap of $15.92 billion, a P/E ratio of 21.16 and a beta of 1.38. The business’s 50-day moving average price is $58.49 and its two-hundred day moving average price is $58.65. Fidelity National Financial, Inc. has a twelve month low of $46.85 and a twelve month high of $64.83.

Fidelity National Financial (NYSE:FNF) last issued its quarterly 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 company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The business’s quarterly revenue was up 29.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.23 EPS. As a group, equities analysts predict that Fidelity National Financial, Inc. will post 4.57 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.50 per share. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a yield of 3.44%. The ex-dividend date was Tuesday, December 17th. Fidelity National Financial’s payout ratio is 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.