Custom Index Systems LLC Acquires 5,047 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Custom Index Systems LLC lifted its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 54.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,342 shares of the financial services provider’s stock after purchasing an additional 5,047 shares during the period. Custom Index Systems LLC’s holdings in Fidelity National Financial were worth $890,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP grew its position in shares of Fidelity National Financial by 45.3% during the 4th quarter. Wellington Management Group LLP now owns 38,396 shares of the financial services provider’s stock worth $1,959,000 after buying an additional 11,978 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Fidelity National Financial by 3.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 19,819 shares of the financial services provider’s stock worth $1,052,000 after acquiring an additional 625 shares in the last quarter. MCF Advisors LLC grew its holdings in Fidelity National Financial by 116.0% in the first quarter. MCF Advisors LLC now owns 674 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 362 shares during the period. Applied Capital LLC FL increased its stake in Fidelity National Financial by 1.2% in the first quarter. Applied Capital LLC FL now owns 25,248 shares of the financial services provider’s stock valued at $1,341,000 after purchasing an additional 289 shares in the last quarter. Finally, State of Michigan Retirement System raised its holdings in shares of Fidelity National Financial by 2.3% during the first quarter. State of Michigan Retirement System now owns 67,200 shares of the financial services provider’s stock valued at $3,568,000 after purchasing an additional 1,500 shares during the period. Institutional investors and hedge funds own 81.17% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on FNF shares. Keefe, Bruyette & Woods raised their target price on Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a research note on Wednesday, September 4th. Truist Financial raised their price objective on Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. StockNews.com lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Stephens reissued an “overweight” rating and issued a $63.00 price target on shares of Fidelity National Financial in a research report on Thursday, August 15th. Finally, Barclays upped 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 report on Tuesday, October 8th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $62.40.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total value of $103,445.00. Following the transaction, the director now owns 13,206 shares in the company, valued at $803,585.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 5.20% of the company’s stock.

Fidelity National Financial Stock Down 1.1 %

Shares of FNF stock traded down $0.65 during trading hours on Friday, reaching $59.96. The company had a trading volume of 906,615 shares, compared to its average volume of 983,706. The company has a market cap of $16.40 billion, a price-to-earnings ratio of 17.90 and a beta of 1.36. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.23 and a quick ratio of 0.23. Fidelity National Financial, Inc. has a 12 month low of $37.48 and a 12 month high of $62.97. The business has a fifty day simple moving average of $59.95 and a 200-day simple moving average of $54.25.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.03). Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The company had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter last year, the business posted $1.01 earnings per share. Fidelity National Financial’s revenue was up 2.9% on a year-over-year basis. On average, research analysts expect that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend was Monday, September 16th. Fidelity National Financial’s payout ratio is 57.31%.

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.