Covestor Ltd Has $33,000 Position in Fidelity National Financial, Inc. (NYSE:FNF)

Covestor Ltd decreased its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 28.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 581 shares of the financial services provider’s stock after selling 231 shares during the period. Covestor Ltd’s holdings in Fidelity National Financial were worth $33,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in FNF. Parkside Financial Bank & Trust boosted its stake in Fidelity National Financial by 50.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 209 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in Fidelity National Financial in the 4th quarter valued at $37,000. Golden State Wealth Management LLC bought a new position in Fidelity National Financial during the 4th quarter valued at $52,000. UMB Bank n.a. boosted its holdings in Fidelity National Financial by 68.9% during the 4th quarter. UMB Bank n.a. now owns 1,157 shares of the financial services provider’s stock worth $65,000 after acquiring an additional 472 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Fidelity National Financial by 19.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 223 shares in the last quarter. 81.17% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on FNF shares. Keefe, Bruyette & Woods upgraded shares of Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 price target on the stock in a report on Tuesday, April 8th. Barclays lifted their price objective on Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and boosted their price target for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Finally, Stephens raised their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, February 24th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Fidelity National Financial has a consensus rating of “Moderate Buy” and a consensus price target of $71.60.

Fidelity National Financial Stock Performance

NYSE FNF opened at $62.40 on Wednesday. The company has a 50-day simple moving average of $61.72 and a two-hundred day simple moving average of $60.19. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a 12-month low of $46.85 and a 12-month high of $66.72. The firm has a market cap of $17.16 billion, a price-to-earnings ratio of 13.42 and a beta of 1.09.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The firm had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.33 billion. During the same quarter in the previous year, the company earned $0.75 earnings per share. On average, equities analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.50 dividend. The ex-dividend date was Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 3.20%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 43.01%.

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.