Elevated Capital Advisors LLC Reduces Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Elevated Capital Advisors LLC decreased its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 4.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 15,822 shares of the financial services provider’s stock after selling 762 shares during the period. Elevated Capital Advisors LLC’s holdings in Fidelity National Financial were worth $982,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. TPG GP A LLC purchased a new stake in Fidelity National Financial in the second quarter valued at approximately $83,798,000. Windacre Partnership LLC boosted its position in Fidelity National Financial by 9.6% in the first 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 last quarter. Vanguard Group Inc. boosted its position in Fidelity National Financial by 2.8% in 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 buying an additional 728,768 shares during the last quarter. Victory Capital Management Inc. boosted its position in Fidelity National Financial by 8.5% in the second quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider’s stock valued at $404,332,000 after buying an additional 640,829 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in Fidelity National Financial by 673.6% in the first quarter. BNP Paribas Financial Markets now owns 666,900 shares of the financial services provider’s stock valued at $35,412,000 after buying an additional 580,694 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on FNF shares. Truist Financial upped their price objective on Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods upped their price objective on Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 4th. Barclays upped their price objective on 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. Stephens restated an “overweight” rating and issued a $63.00 price objective on shares of Fidelity National Financial in a research report on Thursday, August 15th. Finally, StockNews.com lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Fidelity National Financial has an average rating of “Hold” and a consensus target price of $62.40.

Fidelity National Financial Stock Up 1.2 %

NYSE FNF opened at $61.51 on Wednesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.23 and a current ratio of 0.23. The business has a fifty day moving average price of $59.73 and a 200 day moving average price of $54.11. The company has a market cap of $16.81 billion, a P/E ratio of 20.00 and a beta of 1.36. Fidelity National Financial, Inc. has a one year low of $37.21 and a one year high of $62.97.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.03). The company had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.20 billion. Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.01 earnings per share. Research analysts anticipate that Fidelity National Financial, Inc. will post 4.53 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend was Monday, September 16th. Fidelity National Financial’s payout ratio is currently 63.16%.

Insider Buying and Selling at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was 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 in the company, valued at $803,585.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.20% of the stock is owned by company insiders.

Fidelity National Financial Company 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.