Carret Asset Management LLC Lowers Position in Fidelity National Financial, Inc. (NYSE:FNF)

Carret Asset Management LLC decreased its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 16.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,690 shares of the financial services provider’s stock after selling 5,085 shares during the quarter. Carret Asset Management LLC’s holdings in Fidelity National Financial were worth $1,656,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of FNF. ZWJ Investment Counsel Inc. grew its position in shares of Fidelity National Financial by 1.0% during the third quarter. ZWJ Investment Counsel Inc. now owns 19,740 shares of the financial services provider’s stock valued at $1,225,000 after purchasing an additional 195 shares in the last quarter. Chesley Taft & Associates LLC grew its holdings in Fidelity National Financial by 1.9% during the 2nd quarter. Chesley Taft & Associates LLC now owns 10,575 shares of the financial services provider’s stock valued at $523,000 after buying an additional 200 shares in the last quarter. Intech Investment Management LLC increased its stake in Fidelity National Financial by 1.3% in the 2nd quarter. Intech Investment Management LLC now owns 15,336 shares of the financial services provider’s stock worth $758,000 after acquiring an additional 202 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Fidelity National Financial by 13.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider’s stock worth $87,000 after acquiring an additional 213 shares in the last quarter. Finally, Woodward Diversified Capital LLC boosted its position in shares of Fidelity National Financial by 6.4% during the 1st quarter. Woodward Diversified Capital LLC now owns 4,219 shares of the financial services provider’s stock valued at $224,000 after acquiring an additional 254 shares during the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Performance

Shares of NYSE:FNF opened at $59.96 on Friday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.52. Fidelity National Financial, Inc. has a 12 month low of $37.48 and a 12 month high of $62.97. The company has a market capitalization of $16.40 billion, a price-to-earnings ratio of 17.90 and a beta of 1.36. The firm’s 50-day moving average is $59.95 and its 200 day moving average is $54.25.

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

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date was Monday, September 16th. Fidelity National Financial’s payout ratio is presently 57.31%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Stephens restated an “overweight” rating and issued a $63.00 price target on shares of Fidelity National Financial in a research report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Truist Financial increased their price target on shares of Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Keefe, Bruyette & Woods lifted their price target on Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 4th. Finally, Barclays upped 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. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Fidelity National Financial presently has an average rating of “Hold” and a consensus target price of $62.40.

Insider Buying and Selling

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 13,206 shares of the company’s stock, valued at $803,585.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.20% of the stock is currently owned by insiders.

Fidelity National Financial Company 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.