Fidelity National Financial, Inc. (NYSE:FNF) Stock Position Lifted by Fortem Financial Group LLC

Fortem Financial Group LLC grew its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 3.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,212 shares of the financial services provider’s stock after purchasing an additional 532 shares during the period. Fortem Financial Group LLC’s holdings in Fidelity National Financial were worth $910,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Capital Performance Advisors LLP acquired a new position in Fidelity National Financial during the 3rd quarter valued at about $32,000. Brooklyn Investment Group acquired a new position in shares of Fidelity National Financial during the third quarter valued at approximately $35,000. True Wealth Design LLC bought a new stake in Fidelity National Financial during the third quarter worth approximately $41,000. UMB Bank n.a. lifted its position in Fidelity National Financial by 280.6% in the third quarter. UMB Bank n.a. now owns 685 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 505 shares during the period. Finally, Larson Financial Group LLC boosted its stake in Fidelity National Financial by 141.1% during the 3rd quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 402 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors.

Fidelity National Financial Trading Down 0.9 %

FNF traded down $0.52 during trading on Monday, reaching $56.30. The company had a trading volume of 553,955 shares, compared to its average volume of 783,138. The firm’s 50-day simple moving average is $59.77 and its 200 day simple moving average is $57.66. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. The company has a market cap of $15.41 billion, a price-to-earnings ratio of 20.47 and a beta of 1.36. Fidelity National Financial, Inc. has a 12-month low of $46.85 and a 12-month high of $64.83.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.11). Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the previous year, the business earned $1.23 earnings per share. The business’s quarterly revenue was up 29.7% compared to the same quarter last year. Equities research analysts anticipate that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.50 per share. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend was Tuesday, December 17th. Fidelity National Financial’s payout ratio is 69.82%.

Insider Activity

In other news, Director Sandra Douglass Morgan sold 2,092 shares of the company’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total value of $117,842.36. Following the transaction, the director now owns 32,386 shares in the company, valued at $1,824,303.38. This represents a 6.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on FNF shares. Keefe, Bruyette & Woods boosted their price objective on Fidelity National Financial from $63.00 to $64.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and upped their price target for the company from $76.00 to $77.00 in a report on Friday. Truist Financial lifted their price objective on shares of 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, Barclays increased their target price on shares of Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Fidelity National Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.60.

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.