Advisors Asset Management Inc. Purchases Shares of 5,489 Fidelity National Financial, Inc. (NYSE:FNF)

Advisors Asset Management Inc. acquired a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNFGet Rating) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,489 shares of the financial services provider’s stock, valued at approximately $203,000.

Several other hedge funds have also recently modified their holdings of the stock. Moors & Cabot Inc. increased its holdings in shares of Fidelity National Financial by 19.3% during the second quarter. Moors & Cabot Inc. now owns 40,036 shares of the financial services provider’s stock valued at $1,480,000 after acquiring an additional 6,467 shares in the last quarter. Baird Financial Group Inc. increased its holdings in shares of Fidelity National Financial by 2.3% during the second quarter. Baird Financial Group Inc. now owns 333,200 shares of the financial services provider’s stock valued at $12,315,000 after acquiring an additional 7,408 shares in the last quarter. Cannell & Co. increased its holdings in Fidelity National Financial by 0.7% in the 2nd quarter. Cannell & Co. now owns 388,580 shares of the financial services provider’s stock worth $14,362,000 after buying an additional 2,581 shares during the period. CM Management LLC acquired a new position in Fidelity National Financial in the 2nd quarter worth approximately $924,000. Finally, State of Michigan Retirement System increased its holdings in Fidelity National Financial by 29.1% in the 2nd quarter. State of Michigan Retirement System now owns 19,076 shares of the financial services provider’s stock worth $705,000 after buying an additional 4,300 shares during the period. Institutional investors and hedge funds own 78.12% of the company’s stock.

Fidelity National Financial Trading Down 1.6 %

Shares of NYSE:FNF opened at $39.06 on Tuesday. Fidelity National Financial, Inc. has a 1 year low of $34.51 and a 1 year high of $56.44. The firm has a market capitalization of $10.63 billion, a price-to-earnings ratio of 6.86 and a beta of 1.32. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.18 and a quick ratio of 0.18. The business’s 50 day moving average price is $38.68 and its 200-day moving average price is $39.04.

Fidelity National Financial (NYSE:FNFGet Rating) last announced its earnings results on Tuesday, November 8th. The financial services provider reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.47). Fidelity National Financial had a net margin of 11.60% and a return on equity of 24.29%. The business had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.22 billion. During the same quarter last year, the business earned $2.12 EPS. The company’s quarterly revenue was down 17.6% on a year-over-year basis. On average, equities research analysts forecast that Fidelity National Financial, Inc. will post 5.74 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, December 16th will be given a dividend of $0.45 per share. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, December 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.61%. Fidelity National Financial’s dividend payout ratio (DPR) is 30.93%.

Analyst Ratings Changes

Several brokerages recently weighed in on FNF. StockNews.com began coverage on shares of Fidelity National Financial in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Stephens cut their price target on shares of Fidelity National Financial from $52.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, September 26th. Barclays cut their price target on shares of Fidelity National Financial to $50.00 in a report on Tuesday, November 15th. Finally, Truist Financial cut their price target on shares of Fidelity National Financial from $63.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, October 17th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Fidelity National Financial has an average rating of “Moderate Buy” and a consensus price target of $56.00.

Insider Activity

In other Fidelity National Financial news, Director Peter O. Shea, Jr. sold 13,389 shares of the firm’s stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $40.83, for a total value of $546,672.87. Following the transaction, the director now owns 200,642 shares in the company, valued at approximately $8,192,212.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.10% of the company’s stock.

Fidelity National Financial Profile

(Get Rating)

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 insurance.

See Also

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Institutional Ownership by Quarter for Fidelity National Financial (NYSE:FNF)

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