Elevated Capital Advisors LLC lessened its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF – Free Report) by 2.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 15,487 shares of the financial services provider’s stock after selling 335 shares during the period. Elevated Capital Advisors LLC’s holdings in Fidelity National Financial were worth $869,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of FNF. Capital Performance Advisors LLP purchased a new position in shares of Fidelity National Financial during the 3rd quarter valued at about $32,000. Brooklyn Investment Group bought a new position in shares of Fidelity National Financial in the third quarter worth approximately $35,000. True Wealth Design LLC purchased a new stake in shares of Fidelity National Financial in the third quarter worth $41,000. UMB Bank n.a. raised its position in shares of 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 valued at $43,000 after purchasing an additional 505 shares during the period. Finally, Larson Financial Group LLC lifted its stake in shares of 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 buying an additional 402 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.
Insider Activity
In related news, 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 transaction, the director now directly owns 16,716 shares of the company’s stock, valued at approximately $916,872.60. The trade was a 14.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sandra Douglass Morgan sold 2,092 shares of the stock in a transaction dated Tuesday, December 24th. The stock was 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 in the company, valued at $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. Corporate insiders own 5.20% of the company’s stock.
Fidelity National Financial Price Performance
Fidelity National Financial (NYSE:FNF – Get Free Report) last posted its 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 net margin of 5.57% and a return on equity of 13.72%. The business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.32 billion. During the same period last year, the business posted $1.23 earnings per share. The company’s revenue for the quarter was up 29.7% compared to the same quarter last year. As a group, analysts predict that Fidelity National Financial, Inc. will post 4.57 EPS for the current year.
Fidelity National Financial Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were issued a $0.50 dividend. The ex-dividend date was Tuesday, December 17th. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.68%. Fidelity National Financial’s payout ratio is 72.73%.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the company. Truist Financial increased their price target 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. Barclays increased their target price on Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods lowered their price target on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and increased their price objective for the company from $76.00 to $77.00 in a 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, the company has an average rating of “Moderate Buy” and a consensus price target of $66.40.
Check Out Our Latest Stock Report on Fidelity National Financial
About Fidelity National Financial
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.
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