Fidelity National Financial, Inc. (NYSE:FNF) Shares Bought by Edgestream Partners L.P.

Edgestream Partners L.P. lifted its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 2.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 141,237 shares of the financial services provider’s stock after buying an additional 3,692 shares during the quarter. Fidelity National Financial makes up approximately 0.4% of Edgestream Partners L.P.’s portfolio, making the stock its 16th biggest position. Edgestream Partners L.P. owned 0.05% of Fidelity National Financial worth $8,765,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Truist Financial raised their price objective on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Stephens reiterated an “overweight” rating and set a $63.00 price target on shares of Fidelity National Financial in a research note on Thursday, August 15th. Keefe, Bruyette & Woods upped their price objective on shares of 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. Barclays raised their price objective 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. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Fidelity National Financial has an average rating of “Hold” and an average target price of $63.60.

Insider Transactions at Fidelity National Financial

In related news, Director Halim Dhanidina sold 1,700 shares of the firm’s 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 sale, the director now owns 13,206 shares in the company, valued at $803,585.10. This trade represents a 11.40 % 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. Company insiders own 5.20% of the company’s stock.

Fidelity National Financial Trading Down 0.2 %

Shares of Fidelity National Financial stock opened at $63.39 on Friday. 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 company has a market capitalization of $17.35 billion, a P/E ratio of 23.05 and a beta of 1.37. Fidelity National Financial, Inc. has a 1 year low of $44.39 and a 1 year high of $64.83. The company’s fifty day moving average is $60.92 and its two-hundred day moving average is $56.13.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). The company had revenue of $3.60 billion for 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 period in the prior year, the business earned $1.23 EPS. Analysts forecast that Fidelity National Financial, Inc. will post 4.5 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.16%. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s payout ratio is presently 69.82%.

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.