7,684 Shares in Fidelity National Financial, Inc. (NYSE:FNF) Acquired by Oak Thistle LLC

Oak Thistle LLC purchased a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF) in the 4th quarter, Holdings Channel reports. The firm purchased 7,684 shares of the financial services provider’s stock, valued at approximately $431,000.

A number of other large investors also recently modified their holdings of the company. Accurate Wealth Management LLC grew its stake in shares of Fidelity National Financial by 11.9% during the fourth quarter. Accurate Wealth Management LLC now owns 5,238 shares of the financial services provider’s stock worth $284,000 after purchasing an additional 556 shares in the last quarter. Pallas Capital Advisors LLC boosted its position in shares of Fidelity National Financial by 8.0% during the 4th quarter. Pallas Capital Advisors LLC now owns 5,836 shares of the financial services provider’s stock worth $328,000 after acquiring an additional 430 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Fidelity National Financial by 1.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 25,094 shares of the financial services provider’s stock valued at $1,557,000 after acquiring an additional 348 shares during the last quarter. Fortem Financial Group LLC raised its position in shares of Fidelity National Financial by 3.4% during the 4th quarter. Fortem Financial Group LLC now owns 16,212 shares of the financial services provider’s stock worth $910,000 after acquiring an additional 532 shares in the last quarter. Finally, Everence Capital Management Inc. purchased a new stake in Fidelity National Financial during the fourth quarter worth approximately $621,000. 81.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Barclays boosted their price objective 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. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and upped their price objective for the company from $76.00 to $77.00 in a research note on Friday, January 3rd. Keefe, Bruyette & Woods cut their target price on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 8th. Finally, Truist Financial upped their target price on Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Fidelity National Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.40.

Fidelity National Financial Stock Performance

Shares of FNF opened at $57.64 on Friday. Fidelity National Financial, Inc. has a 12-month low of $46.85 and a 12-month high of $64.83. The stock has a market cap of $15.77 billion, a P/E ratio of 20.96 and a beta of 1.38. 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 company has a 50-day moving average of $59.07 and a two-hundred day moving average of $57.96.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 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 analyst estimates of $3.32 billion. Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The firm’s revenue was up 29.7% on a year-over-year basis. During the same period in the previous year, the business earned $1.23 EPS. As a group, research analysts predict that Fidelity National Financial, Inc. will post 4.57 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were issued a $0.50 dividend. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date was Tuesday, December 17th. This represents a $2.00 annualized dividend and a yield of 3.47%. Fidelity National Financial’s payout ratio is 72.73%.

Insider Activity

In other news, Director Halim Dhanidina sold 2,800 shares of the business’s stock in a transaction on 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 sale, the director now directly owns 16,716 shares of the company’s stock, valued at $916,872.60. The trade was a 14.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Sandra Douglass Morgan sold 2,092 shares of the business’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total value of $117,842.36. Following the sale, the director now directly owns 32,386 shares of the company’s stock, valued at approximately $1,824,303.38. This trade represents a 6.07 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

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.