SWS Partners Sells 24,149 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

SWS Partners reduced its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 32.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,287 shares of the financial services provider’s stock after selling 24,149 shares during the quarter. Fidelity National Financial accounts for about 1.0% of SWS Partners’ investment portfolio, making the stock its 28th largest holding. SWS Partners’ holdings in Fidelity National Financial were worth $3,059,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Chesley Taft & Associates LLC increased its holdings in shares of Fidelity National Financial by 1.9% in the second quarter. Chesley Taft & Associates LLC now owns 10,575 shares of the financial services provider’s stock worth $523,000 after acquiring an additional 200 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of Fidelity National Financial by 1.3% during the second quarter. Intech Investment Management LLC now owns 15,336 shares of the financial services provider’s stock worth $758,000 after buying an additional 202 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Fidelity National Financial by 10.6% during the first quarter. GAMMA Investing LLC now owns 2,155 shares of the financial services provider’s stock worth $114,000 after buying an additional 207 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Fidelity National Financial by 13.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider’s stock worth $87,000 after buying an additional 213 shares in the last quarter. Finally, Woodward Diversified Capital LLC grew its holdings in shares of Fidelity National Financial by 6.4% during the first quarter. Woodward Diversified Capital LLC now owns 4,219 shares of the financial services provider’s stock worth $224,000 after buying an additional 254 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial 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 completion of the transaction, the director now owns 13,206 shares of the company’s stock, valued at $803,585.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. StockNews.com downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft increased their price objective on Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Barclays increased their price target 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. Truist Financial increased their price target on Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Finally, Stephens reissued an “overweight” rating and set 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 assigned a buy rating to the company. Based on data from MarketBeat.com, Fidelity National Financial has a consensus rating of “Hold” and a consensus target price of $62.40.

Fidelity National Financial Stock Performance

Shares of NYSE FNF traded up $1.07 during midday trading on Tuesday, hitting $62.09. 297,121 shares of the company’s stock were exchanged, compared to its average volume of 1,223,955. The company’s 50 day moving average price is $58.86 and its 200 day moving average price is $53.71. The firm has a market capitalization of $16.97 billion, a PE ratio of 20.08 and a beta of 1.36. Fidelity National Financial, Inc. has a 12 month low of $37.10 and a 12 month high of $62.65. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.52.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.03). The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.20 billion. Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. Fidelity National Financial’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.01 earnings per share. As a group, analysts predict that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a dividend of $0.48 per share. The ex-dividend date was Monday, September 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.09%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 63.16%.

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.