International Private Wealth Advisors LLC Lowers Stock Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

International Private Wealth Advisors LLC cut its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 4.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,628 shares of the financial services provider’s stock after selling 234 shares during the quarter. International Private Wealth Advisors LLC’s holdings in Fidelity National Financial were worth $287,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Capital Performance Advisors LLP purchased a new position in shares of Fidelity National Financial during the third quarter valued at approximately $32,000. Opal Wealth Advisors LLC acquired a new stake in shares of Fidelity National Financial during the second quarter worth $26,000. New Covenant Trust Company N.A. purchased a new stake in shares of Fidelity National Financial in the first quarter valued at $30,000. Covestor Ltd increased its stake in Fidelity National Financial by 109.0% in the first quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 303 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in Fidelity National Financial by 280.6% during the third quarter. UMB Bank n.a. now owns 685 shares of the financial services provider’s stock worth $43,000 after buying an additional 505 shares during the period. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

FNF traded up $0.02 during midday trading on Thursday, reaching $60.79. 59,690 shares of the company’s stock were exchanged, compared to its average volume of 1,208,804. Fidelity National Financial, Inc. has a one year low of $43.60 and a one year high of $62.97. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The business has a 50-day simple moving average of $60.40 and a two-hundred day simple moving average of $55.27. The firm has a market capitalization of $16.63 billion, a price-to-earnings ratio of 22.20 and a beta of 1.37.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data 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 return on equity of 13.72% and a net margin of 5.57%. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same period in the prior year, the firm posted $1.23 EPS. Fidelity National Financial’s revenue for the quarter was up 29.7% compared to the same quarter last year. As a group, research analysts predict that Fidelity National Financial, Inc. will post 4.5 EPS for the current year.

Fidelity National Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.29%. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Tuesday, December 17th. Fidelity National Financial’s payout ratio is 72.73%.

Analyst Ratings Changes

Several brokerages have issued reports on FNF. 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 report on Wednesday, September 4th. Barclays increased their price objective on Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. StockNews.com lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft lifted their price target on Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Finally, Truist Financial boosted their price target on Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Monday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Fidelity National Financial has a consensus rating of “Hold” and a consensus price target of $63.60.

Insider Buying and Selling

In related news, Director Halim Dhanidina sold 1,700 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total transaction of $103,445.00. Following the sale, the director now directly owns 13,206 shares in the company, valued at $803,585.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.20% of the stock is owned by 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.