Capital Investment Advisory Services LLC Cuts Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Capital Investment Advisory Services LLC reduced its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 5.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,376 shares of the financial services provider’s stock after selling 300 shares during the period. Capital Investment Advisory Services LLC’s holdings in Fidelity National Financial were worth $274,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. OLD National Bancorp IN boosted its holdings in shares of Fidelity National Financial by 4.7% in the 4th quarter. OLD National Bancorp IN now owns 201,068 shares of the financial services provider’s stock worth $10,258,000 after buying an additional 9,110 shares during the last quarter. abrdn plc lifted its holdings in Fidelity National Financial by 102.0% during the fourth quarter. abrdn plc now owns 89,374 shares of the financial services provider’s stock valued at $4,560,000 after purchasing an additional 45,137 shares during the last quarter. Hunter Associates Investment Management LLC lifted its holdings in Fidelity National Financial by 0.3% during the fourth quarter. Hunter Associates Investment Management LLC now owns 77,198 shares of the financial services provider’s stock valued at $3,940,000 after purchasing an additional 255 shares during the last quarter. Stephenson & Company Inc. purchased a new stake in Fidelity National Financial during the fourth quarter valued at about $277,000. Finally, Xponance Inc. lifted its holdings in Fidelity National Financial by 1.0% during the fourth quarter. Xponance Inc. now owns 31,735 shares of the financial services provider’s stock valued at $1,619,000 after purchasing an additional 315 shares during the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Trading Up 2.9 %

Shares of Fidelity National Financial stock opened at $50.85 on Wednesday. Fidelity National Financial, Inc. has a 12-month low of $32.02 and a 12-month high of $53.96. The company has a market cap of $13.89 billion, a price-to-earnings ratio of 26.62 and a beta of 1.34. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.52. The company’s 50-day moving average price is $50.79 and its 200-day moving average price is $47.70.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.27). The company had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $2.80 billion. Fidelity National Financial had a return on equity of 13.91% and a net margin of 4.40%. During the same quarter last year, the company posted $1.06 earnings per share. On average, equities analysts expect that Fidelity National Financial, Inc. will post 4.81 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend was Thursday, March 14th. Fidelity National Financial’s payout ratio is 100.52%.

Analyst Upgrades and Downgrades

Several research firms have commented on FNF. Truist Financial upped their price objective on shares of Fidelity National Financial from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Keefe, Bruyette & Woods upped their price objective on shares of Fidelity National Financial from $54.00 to $56.00 and gave the company a “market perform” rating in a report on Thursday, March 21st. Deutsche Bank Aktiengesellschaft began coverage on shares of Fidelity National Financial in a report on Wednesday, January 10th. They set a “hold” rating on the stock. Finally, Barclays increased their price target on shares of Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 9th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Fidelity National Financial presently has a consensus rating of “Hold” and a consensus price target of $54.20.

Insider Buying and Selling

In related news, Director Cary H. Thompson sold 23,410 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $51.11, for a total value of $1,196,485.10. Following the completion of the sale, the director now owns 40,317 shares of the company’s stock, valued at $2,060,601.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.40% 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.