KPP Advisory Services LLC Sells 1,061 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

KPP Advisory Services LLC reduced its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 13.7% during the third quarter, HoldingsChannel.com reports. The fund owned 6,702 shares of the financial services provider’s stock after selling 1,061 shares during the quarter. KPP Advisory Services LLC’s holdings in Fidelity National Financial were worth $416,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in Fidelity National Financial by 2.8% during the first quarter. Vanguard Group Inc. now owns 26,875,738 shares of the financial services provider’s stock valued at $1,427,102,000 after purchasing an additional 728,768 shares in the last quarter. Windacre Partnership LLC raised its holdings in Fidelity National Financial by 9.6% during the 1st quarter. Windacre Partnership LLC now owns 16,249,267 shares of the financial services provider’s stock valued at $862,836,000 after buying an additional 1,424,767 shares during the period. Victory Capital Management Inc. boosted its stake in Fidelity National Financial by 8.5% during the second quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider’s stock worth $404,332,000 after buying an additional 640,829 shares during the period. Cooke & Bieler LP increased its position in Fidelity National Financial by 3.2% during 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 during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Fidelity National Financial by 2.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,428,258 shares of the financial services provider’s stock worth $169,421,000 after acquiring an additional 77,118 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $60.74 on Friday. Fidelity National Financial, Inc. has a 12-month low of $43.97 and a 12-month high of $62.97. The business’s fifty day simple moving average is $60.48 and its 200-day simple moving average is $55.42. 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 market cap of $16.62 billion, a PE ratio of 22.09 and a beta of 1.37.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results 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). 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 quarter last year, the business posted $1.23 earnings per share. The company’s quarterly revenue was up 29.7% compared to the same quarter last year. Analysts expect that Fidelity National Financial, Inc. will post 4.5 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Tuesday, December 17th. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s payout ratio is currently 69.82%.

Insiders Place Their Bets

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total transaction of $103,445.00. Following the completion of the sale, the director now owns 13,206 shares of the company’s stock, valued at approximately $803,585.10. The trade was a 11.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 5.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on FNF. Barclays upped their price target on shares of Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Stephens reaffirmed an “overweight” rating and issued a $63.00 price objective on shares of Fidelity National Financial in a research report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods raised their price target 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. Finally, Truist Financial boosted 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. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $63.60.

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.