Prime Capital Investment Advisors LLC Acquires 768 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Prime Capital Investment Advisors LLC increased its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 0.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 87,891 shares of the financial services provider’s stock after acquiring an additional 768 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Fidelity National Financial were worth $5,455,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Opal Wealth Advisors LLC purchased a new stake in Fidelity National Financial during the second quarter valued at about $26,000. New Covenant Trust Company N.A. purchased a new position in shares of Fidelity National Financial in the 1st quarter worth about $30,000. Covestor Ltd boosted 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 worth $31,000 after buying an additional 303 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Fidelity National Financial in the 3rd quarter valued at $32,000. Finally, International Assets Investment Management LLC bought a new position in shares of Fidelity National Financial during the second quarter valued at about $35,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on FNF shares. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. StockNews.com downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Stephens restated an “overweight” rating and set a $63.00 target price on shares of Fidelity National Financial in a report on Thursday, August 15th. Truist Financial upped their price target 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. Finally, Barclays lifted 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. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $63.60.

Fidelity National Financial Price Performance

FNF stock opened at $61.05 on Wednesday. Fidelity National Financial, Inc. has a 52 week low of $43.11 and a 52 week 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 company has a fifty day simple moving average of $60.33 and a two-hundred day simple moving average of $55.16. The firm has a market capitalization of $16.71 billion, a P/E ratio of 22.20 and a beta of 1.37.

Fidelity National Financial (NYSE:FNF) last issued 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 business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.32 billion. Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. Fidelity National Financial’s revenue was up 29.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.23 earnings per share. Analysts anticipate that Fidelity National Financial, Inc. will post 4.5 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a $0.50 dividend. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date is Tuesday, December 17th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 69.82%.

Insider Transactions at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of the company’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 sale, the director now owns 13,206 shares in the company, valued at $803,585.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.20% of the company’s stock.

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.