Capital Investment Counsel LLC Has $4.77 Million Stock Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Capital Investment Counsel LLC lifted its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 0.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 76,793 shares of the financial services provider’s stock after purchasing an additional 513 shares during the quarter. Capital Investment Counsel LLC’s holdings in Fidelity National Financial were worth $4,766,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Larson Financial Group LLC grew its stake in Fidelity National Financial by 141.1% during the third quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock worth $43,000 after buying an additional 402 shares in the last quarter. Swedbank AB lifted its holdings in shares of Fidelity National Financial by 25.1% during the 3rd quarter. Swedbank AB now owns 42,375 shares of the financial services provider’s stock worth $2,630,000 after acquiring an additional 8,511 shares during the period. Penserra Capital Management LLC increased its stake in Fidelity National Financial by 9.1% in the third quarter. Penserra Capital Management LLC now owns 12,573 shares of the financial services provider’s stock valued at $779,000 after acquiring an additional 1,045 shares during the last quarter. Cerity Partners LLC raised its position in Fidelity National Financial by 51.6% during the third quarter. Cerity Partners LLC now owns 32,496 shares of the financial services provider’s stock valued at $2,017,000 after purchasing an additional 11,064 shares in the last quarter. Finally, Nicolet Advisory Services LLC acquired a new position in Fidelity National Financial during the third quarter valued at approximately $217,000. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Trading Up 2.1 %

NYSE:FNF opened at $61.94 on Friday. Fidelity National Financial, Inc. has a 52 week low of $44.10 and a 52 week high of $62.97. 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 firm’s fifty day moving average is $60.66 and its 200-day moving average is $55.76. The firm has a market cap of $16.95 billion, a P/E ratio of 22.52 and a beta of 1.37.

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). The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 29.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.23 EPS. Equities analysts expect that Fidelity National Financial, Inc. will post 4.5 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.50 per share. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, December 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.23%. Fidelity National Financial’s dividend payout ratio (DPR) is 69.82%.

Insider Activity

In related news, Director Halim Dhanidina sold 1,700 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $803,585.10. The trade was a 11.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 5.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FNF. Barclays lifted their price target on 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. Keefe, Bruyette & Woods boosted their target price on 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. Deutsche Bank Aktiengesellschaft raised their price target 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. Truist Financial upped 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 report on Monday, November 11th. Finally, Stephens restated an “overweight” rating and issued a $63.00 target price on shares of Fidelity National Financial in a research report on Thursday, August 15th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $63.60.

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.