Fidelity National Financial, Inc. (NYSE:FNF) Holdings Lowered by Fortem Financial Group LLC

Fortem Financial Group LLC cut its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 9.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,680 shares of the financial services provider’s stock after selling 1,580 shares during the period. Fortem Financial Group LLC’s holdings in Fidelity National Financial were worth $973,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Capital Performance Advisors LLP bought a new position in Fidelity National Financial during the 3rd quarter valued at $32,000. International Assets Investment Management LLC acquired a new position in Fidelity National Financial during the second quarter worth about $35,000. Brooklyn Investment Group acquired a new position in Fidelity National Financial during the third quarter worth about $35,000. True Wealth Design LLC bought a new stake in Fidelity National Financial in the third quarter worth about $41,000. Finally, Innealta Capital LLC bought a new position in shares of Fidelity National Financial during the 2nd quarter valued at about $43,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total value of $103,445.00. Following the completion of the sale, the director now directly owns 13,206 shares of the company’s stock, valued at $803,585.10. The trade was a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 5.20% of the company’s stock.

Fidelity National Financial Trading Down 1.8 %

NYSE:FNF opened at $60.20 on Wednesday. The stock’s 50-day moving average is $61.08 and its two-hundred day moving average is $56.63. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a market cap of $16.47 billion, a PE ratio of 21.89 and a beta of 1.36. Fidelity National Financial, Inc. has a fifty-two week low of $46.55 and a fifty-two week high of $64.83.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data 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 company had revenue of $3.60 billion during 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 quarterly revenue was up 29.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.23 EPS. As a group, equities research analysts forecast that Fidelity National Financial, Inc. will post 4.55 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The company 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 $0.50 dividend. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a yield of 3.32%. The ex-dividend date is Tuesday, December 17th. Fidelity National Financial’s dividend payout ratio is presently 69.82%.

Wall Street Analysts Forecast Growth

FNF has been the topic of several recent research reports. Stephens reiterated an “overweight” rating and issued a $63.00 target price on shares of Fidelity National Financial in a report on Thursday, August 15th. Barclays upped their price target on Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Truist Financial raised their price objective on Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Keefe, Bruyette & Woods upped their target price on Fidelity National Financial from $63.00 to $64.00 and gave the company a “market perform” rating in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $63.80.

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.