Advisors Asset Management Inc. Acquires 2,341 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Advisors Asset Management Inc. lifted its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 5.7% in the 3rd quarter, Holdings Channel reports. The firm owned 43,092 shares of the financial services provider’s stock after acquiring an additional 2,341 shares during the period. Advisors Asset Management Inc.’s holdings in Fidelity National Financial were worth $2,674,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Opal Wealth Advisors LLC bought a new stake in Fidelity National Financial in the 2nd quarter worth about $26,000. New Covenant Trust Company N.A. bought a new stake in shares of Fidelity National Financial in the first quarter worth approximately $30,000. Covestor Ltd raised its holdings in shares of Fidelity National Financial by 109.0% during 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. Capital Performance Advisors LLP bought a new position in Fidelity National Financial during the third quarter valued at approximately $32,000. Finally, International Assets Investment Management LLC bought a new position in shares of Fidelity National Financial during the 2nd quarter valued at $35,000. 81.17% of the stock is owned by institutional investors.

Insider Transactions at Fidelity National Financial

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 value of $103,445.00. Following the completion of the transaction, the director now directly owns 13,206 shares of the company’s stock, valued at approximately $803,585.10. This trade represents a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 5.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on FNF shares. Truist Financial increased 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 note on Monday, November 11th. Barclays lifted their price objective on Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft boosted their price objective on Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods raised their target price on shares of 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. Finally, Stephens reiterated an “overweight” rating and issued a $63.00 price target 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 issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $63.60.

Fidelity National Financial Stock Performance

FNF opened at $61.94 on Friday. 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 stock has a market capitalization of $16.95 billion, a price-to-earnings ratio of 22.52 and a beta of 1.37. The company has a fifty day moving average of $60.66 and a 200 day moving average of $55.76. Fidelity National Financial, Inc. has a fifty-two week low of $44.10 and a fifty-two week high of $62.97.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The firm had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same quarter in the previous year, the business earned $1.23 EPS. The company’s revenue for the quarter was up 29.7% on a year-over-year basis. As a group, sell-side analysts forecast 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 disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a $0.50 dividend. 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. This represents a $2.00 dividend on an annualized basis and a yield of 3.23%. Fidelity National Financial’s payout ratio is presently 69.82%.

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.