Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC trimmed its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 2.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,282,039 shares of the financial services provider’s stock after selling 50,526 shares during the period. Fidelity National Financial accounts for about 1.8% of Confluence Investment Management LLC’s investment portfolio, making the stock its 17th largest position. Confluence Investment Management LLC’s holdings in Fidelity National Financial were worth $128,114,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Tidal Investments LLC lifted its holdings in shares of Fidelity National Financial by 38.9% in the third quarter. Tidal Investments LLC now owns 6,756 shares of the financial services provider’s stock valued at $419,000 after purchasing an additional 1,892 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Fidelity National Financial during the 3rd quarter worth approximately $672,000. Sanctuary Advisors LLC lifted its stake in Fidelity National Financial by 136.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 157,438 shares of the financial services provider’s stock valued at $9,752,000 after buying an additional 90,968 shares in the last quarter. Virtue Capital Management LLC grew its holdings in Fidelity National Financial by 1.9% during the 3rd quarter. Virtue Capital Management LLC now owns 15,842 shares of the financial services provider’s stock valued at $983,000 after buying an additional 296 shares during the last quarter. Finally, Sunbelt Securities Inc. increased its position in Fidelity National Financial by 867.7% during the third quarter. Sunbelt Securities Inc. now owns 1,287 shares of the financial services provider’s stock worth $80,000 after buying an additional 1,154 shares in the last quarter. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FNF. Keefe, Bruyette & Woods upped their price objective on Fidelity National Financial from $63.00 to $64.00 and gave the company a “market perform” rating in a research report on Tuesday, December 10th. Barclays boosted their target price on shares of Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Finally, Truist Financial raised their price target on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $63.80.

Insider Activity at Fidelity National Financial

In related 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 sale, the director now directly owns 32,386 shares of the company’s stock, valued at approximately $1,824,303.38. This represents a 6.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.20% of the stock is currently owned by insiders.

Fidelity National Financial Trading Up 0.2 %

Fidelity National Financial stock traded up $0.12 during trading on Thursday, hitting $56.26. The company’s stock had a trading volume of 106,636 shares, compared to its average volume of 1,186,139. The stock’s fifty day moving average is $59.92 and its 200 day moving average is $57.49. Fidelity National Financial, Inc. has a 1-year low of $46.85 and a 1-year high of $64.83. The stock has a market capitalization of $15.39 billion, a price-to-earnings ratio of 20.46 and a beta of 1.36. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share 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 company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same period in the prior year, the business earned $1.23 EPS. The business’s revenue for the quarter was up 29.7% on a year-over-year basis. As a group, equities research analysts predict that Fidelity National Financial, Inc. will post 4.57 EPS for the current year.

Fidelity National Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were issued a dividend of $0.50 per share. The ex-dividend date was Tuesday, December 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.55%. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s payout ratio is presently 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.