Fidelity National Financial, Inc. (NYSE:FNF) Shares Purchased by Virtue Capital Management LLC

Virtue Capital Management LLC boosted its position in Fidelity National Financial, Inc. (NYSE:FNF) by 1.9% in the 3rd quarter, Holdings Channel reports. The firm owned 15,842 shares of the financial services provider’s stock after acquiring an additional 296 shares during the quarter. Virtue Capital Management LLC’s holdings in Fidelity National Financial were worth $983,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FNF. Capital Performance Advisors LLP acquired a new stake in shares of Fidelity National Financial in the 3rd quarter worth $32,000. International Assets Investment Management LLC acquired a new stake in shares of Fidelity National Financial in the 2nd quarter worth $35,000. Brooklyn Investment Group acquired a new stake in shares of Fidelity National Financial in the 3rd quarter worth $35,000. True Wealth Design LLC acquired a new stake in shares of Fidelity National Financial in the 3rd quarter worth $41,000. Finally, Innealta Capital LLC acquired a new stake in shares of Fidelity National Financial in the 2nd quarter worth $43,000. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Stock Down 1.8 %

Shares of NYSE:FNF opened at $60.20 on Wednesday. The business has a 50-day moving average price of $61.08 and a 200 day moving average price of $56.63. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $16.47 billion, a price-to-earnings ratio of 21.89 and a beta of 1.36. Fidelity National Financial, Inc. has a 12-month low of $46.55 and a 12-month high of $64.83.

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 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 last year, the business earned $1.23 earnings per share. The business’s revenue was up 29.7% compared to the same quarter last year. Sell-side analysts expect that Fidelity National Financial, Inc. will post 4.55 EPS for the current year.

Fidelity National Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.32%. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, December 17th. Fidelity National Financial’s dividend payout ratio (DPR) is 69.82%.

Analyst Ratings Changes

FNF has been the subject of a number of recent research reports. Barclays raised their target price on 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. Stephens reissued an “overweight” rating and set a $63.00 price objective on shares of Fidelity National Financial in a research report on Thursday, August 15th. Truist Financial raised their price objective on 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, Keefe, Bruyette & Woods raised their price objective on Fidelity National Financial from $63.00 to $64.00 and gave the stock a “market perform” rating in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $63.80.

Insider Activity at Fidelity National Financial

In related news, Director Halim Dhanidina sold 1,700 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total transaction of $103,445.00. Following the completion of the transaction, the director now directly owns 13,206 shares in the company, valued at $803,585.10. This trade represents a 11.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 5.20% of the stock is currently owned by company insiders.

Fidelity National Financial 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.