True Wealth Design LLC Buys Shares of 668 Fidelity National Financial, Inc. (NYSE:FNF)

True Wealth Design LLC purchased a new position in Fidelity National Financial, Inc. (NYSE:FNF) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 668 shares of the financial services provider’s stock, valued at approximately $41,000.

A number of other large investors also recently modified their holdings of the business. Victory Capital Management Inc. grew its position in Fidelity National Financial by 8.5% in the 2nd quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider’s stock valued at $404,332,000 after buying an additional 640,829 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Fidelity National Financial by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,025,159 shares of the financial services provider’s stock worth $498,041,000 after acquiring an additional 289,962 shares during the period. Cooke & Bieler LP boosted its holdings in shares of Fidelity National Financial by 3.2% in the second quarter. Cooke & Bieler LP now owns 5,937,596 shares of the financial services provider’s stock valued at $293,436,000 after acquiring an additional 184,078 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Fidelity National Financial by 2.3% during the second quarter. Dimensional Fund Advisors LP now owns 3,428,258 shares of the financial services provider’s stock valued at $169,421,000 after acquiring an additional 77,118 shares during the period. Finally, AustralianSuper Pty Ltd raised its holdings in Fidelity National Financial by 0.4% during the third quarter. AustralianSuper Pty Ltd now owns 1,833,765 shares of the financial services provider’s stock worth $113,803,000 after purchasing an additional 6,976 shares in the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft increased their price target on Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Stephens reaffirmed an “overweight” rating and set a $63.00 target price on shares of Fidelity National Financial in a research note on Thursday, August 15th. Barclays boosted their price target on shares of 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. Truist Financial raised their price objective on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 4th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $63.60.

Fidelity National Financial Trading Down 0.2 %

Shares of FNF opened at $63.39 on Monday. The business’s 50-day moving average price is $60.92 and its 200 day moving average price is $56.19. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The stock 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.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.11). The firm had revenue of $3.60 billion during 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 revenue was up 29.7% on a year-over-year basis. During the same period last year, the business earned $1.23 earnings per share. Analysts expect that Fidelity National Financial, Inc. will post 4.5 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The firm 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 dividend payout ratio is presently 69.82%.

Insider Transactions at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of the company’s stock in a transaction dated 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. This represents a 11.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.20% of the stock is currently owned by insiders.

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.