Richardson Financial Services Inc. Increases Position in Fidelity National Financial, Inc. (NYSE:FNF)

Richardson Financial Services Inc. increased its position in Fidelity National Financial, Inc. (NYSE:FNF) by 9.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,815 shares of the financial services provider’s stock after buying an additional 240 shares during the period. Richardson Financial Services Inc.’s holdings in Fidelity National Financial were worth $158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ZWJ Investment Counsel Inc. lifted its holdings in shares of Fidelity National Financial by 1.0% during the third quarter. ZWJ Investment Counsel Inc. now owns 19,740 shares of the financial services provider’s stock worth $1,225,000 after purchasing an additional 195 shares during the period. Commerce Bank lifted its stake in Fidelity National Financial by 3.5% during the 3rd quarter. Commerce Bank now owns 5,991 shares of the financial services provider’s stock valued at $372,000 after acquiring an additional 200 shares during the period. Chesley Taft & Associates LLC lifted its stake in Fidelity National Financial by 1.2% during the 4th quarter. Chesley Taft & Associates LLC now owns 16,686 shares of the financial services provider’s stock valued at $937,000 after acquiring an additional 200 shares during the period. First Horizon Advisors Inc. boosted its holdings in shares of Fidelity National Financial by 32.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 878 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 216 shares during the last quarter. Finally, Centennial Wealth Advisory LLC increased its stake in shares of Fidelity National Financial by 4.6% in the third quarter. Centennial Wealth Advisory LLC now owns 5,463 shares of the financial services provider’s stock worth $339,000 after acquiring an additional 239 shares during the period. Institutional investors and hedge funds own 81.17% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Truist Financial upped their price target on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a report on Monday, November 11th. Keefe, Bruyette & Woods dropped their target price on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and boosted their price target for the company from $76.00 to $77.00 in a report on Friday, January 3rd. Finally, Barclays raised their price objective on shares of Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Fidelity National Financial currently has an average rating of “Moderate Buy” and an average price target of $66.40.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $58.20 on Monday. The company has a market capitalization of $15.92 billion, a P/E ratio of 21.16 and a beta of 1.38. Fidelity National Financial, Inc. has a 12-month low of $46.85 and a 12-month high of $64.83. The business’s 50 day moving average is $58.49 and its two-hundred day moving average is $58.65. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. Fidelity National Financial’s revenue was up 29.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.23 EPS. Analysts expect that Fidelity National Financial, Inc. will post 4.57 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, December 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.44%. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s payout ratio is currently 72.73%.

Insider Buying and Selling

In related news, Director Sandra Douglass Morgan sold 2,092 shares of the stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total value of $117,842.36. Following the completion of the transaction, the director now directly owns 32,386 shares of the company’s stock, valued at approximately $1,824,303.38. This represents a 6.07 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial stock in a transaction on Friday, January 10th. The stock was sold at an average price of $54.85, for a total transaction of $153,580.00. Following the sale, the director now directly owns 16,716 shares in the company, valued at approximately $916,872.60. This trade represents a 14.35 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

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.