44 Wealth Management LLC Has $829,000 Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

44 Wealth Management LLC lessened its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 5.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,762 shares of the financial services provider’s stock after selling 929 shares during the period. 44 Wealth Management LLC’s holdings in Fidelity National Financial were worth $829,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in FNF. Capital Performance Advisors LLP purchased a new stake in Fidelity National Financial in the 3rd quarter valued at about $32,000. Brooklyn Investment Group purchased a new stake in Fidelity National Financial in the 3rd quarter valued at about $35,000. Kestra Investment Management LLC purchased a new stake in Fidelity National Financial in the 4th quarter valued at about $37,000. True Wealth Design LLC purchased a new stake in Fidelity National Financial in the 3rd quarter valued at about $41,000. Finally, Larson Financial Group LLC increased its stake in Fidelity National Financial by 141.1% in the 3rd quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock valued at $43,000 after buying an additional 402 shares during the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Stock Up 3.4 %

Fidelity National Financial stock opened at $59.50 on Friday. Fidelity National Financial, Inc. has a twelve month low of $46.85 and a twelve month high of $64.83. The firm has a 50 day moving average price of $57.26 and a 200-day moving average price of $58.96. The company has a market capitalization of $16.28 billion, a P/E ratio of 21.64 and a beta of 1.39. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 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 $3.62 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same period in the prior year, the firm earned $0.75 EPS. As a group, equities analysts predict that Fidelity National Financial, Inc. will post 4.57 EPS for the current year.

Fidelity National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.36%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 72.73%.

Insider Buying and Selling

In other Fidelity National Financial news, Director Sandra Douglass Morgan sold 2,092 shares of the firm’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total value of $117,842.36. Following the completion of the transaction, the director now directly owns 32,386 shares of the company’s stock, valued at $1,824,303.38. This trade represents a 6.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Halim Dhanidina sold 2,800 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $54.85, for a total transaction of $153,580.00. Following the completion of the transaction, the director now directly owns 16,716 shares of the company’s stock, valued at approximately $916,872.60. The trade was a 14.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

FNF has been the subject of several analyst reports. Truist Financial increased their price objective on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and increased their price objective for the company from $76.00 to $77.00 in a research note on Friday, January 3rd. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a research note on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.40.

About Fidelity National Financial

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.