Wipfli Financial Advisors LLC Buys New Position in Fidelity National Financial, Inc. (NYSE:FNF)

Wipfli Financial Advisors LLC bought a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNFGet Rating) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,595 shares of the financial services provider’s stock, valued at approximately $58,000.

Several other hedge funds also recently added to or reduced their stakes in FNF. Vanguard Group Inc. increased its holdings in shares of Fidelity National Financial by 4.5% in the first quarter. Vanguard Group Inc. now owns 28,877,107 shares of the financial services provider’s stock valued at $1,410,358,000 after purchasing an additional 1,250,233 shares during the period. State Street Corp increased its holdings in shares of Fidelity National Financial by 1.4% in the first quarter. State Street Corp now owns 7,407,492 shares of the financial services provider’s stock valued at $361,782,000 after purchasing an additional 104,624 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Fidelity National Financial by 7.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,872,457 shares of the financial services provider’s stock valued at $237,971,000 after purchasing an additional 319,051 shares during the period. Millennium Management LLC increased its holdings in shares of Fidelity National Financial by 13.0% in the second quarter. Millennium Management LLC now owns 3,173,425 shares of the financial services provider’s stock valued at $117,290,000 after purchasing an additional 363,881 shares during the period. Finally, Confluence Investment Management LLC increased its holdings in shares of Fidelity National Financial by 1.4% in the third quarter. Confluence Investment Management LLC now owns 2,471,307 shares of the financial services provider’s stock valued at $89,461,000 after purchasing an additional 33,574 shares during the period. 77.98% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FNF. Stephens cut their price objective on Fidelity National Financial from $52.00 to $49.00 and set an “overweight” rating on the stock in a report on Monday, September 26th. Credit Suisse Group lowered their target price on Fidelity National Financial from $48.00 to $47.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 6th. Barclays upped their target price on Fidelity National Financial from $50.00 to $53.00 in a research note on Friday, January 6th. StockNews.com initiated coverage on Fidelity National Financial in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Truist Financial lowered their target price on Fidelity National Financial from $60.00 to $56.00 and set a “buy” rating on the stock in a research note on Tuesday, November 29th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Fidelity National Financial has a consensus rating of “Moderate Buy” and a consensus price target of $53.40.

Insiders Place Their Bets

In other news, Director Daniel D. Lane sold 5,531 shares of the firm’s stock in a transaction that occurred on Monday, December 5th. The stock was sold at an average price of $37.44, for a total value of $207,080.64. Following the transaction, the director now owns 271,325 shares in the company, valued at $10,158,408. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.10% of the stock is currently owned by company insiders.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $41.30 on Friday. The company has a market capitalization of $11.24 billion, a P/E ratio of 7.26 and a beta of 1.28. The business’s 50 day moving average is $38.78 and its two-hundred day moving average is $38.72. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.46. Fidelity National Financial, Inc. has a 12-month low of $34.51 and a 12-month high of $56.26.

Fidelity National Financial (NYSE:FNFGet Rating) last issued its quarterly 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). The business had revenue of $3.21 billion for the quarter, compared to analysts’ expectations of $3.22 billion. Fidelity National Financial had a return on equity of 24.29% and a net margin of 11.60%. The business’s revenue for the quarter was down 17.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.12 EPS. Analysts expect that Fidelity National Financial, Inc. will post 5.58 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Friday, December 16th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, December 15th. This represents a $1.80 dividend on an annualized basis and a yield of 4.36%. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.44. Fidelity National Financial’s dividend payout ratio is currently 31.63%.

Fidelity National Financial Company 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.

Further Reading

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

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