Sterling Investment Counsel LLC Increases Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Sterling Investment Counsel LLC lifted its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 123.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,446 shares of the financial services provider’s stock after acquiring an additional 5,214 shares during the quarter. Sterling Investment Counsel LLC’s holdings in Fidelity National Financial were worth $586,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Wealth Effects LLC acquired a new position in shares of Fidelity National Financial during the 3rd quarter worth approximately $239,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Fidelity National Financial by 257.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 19,498 shares of the financial services provider’s stock worth $1,210,000 after purchasing an additional 14,042 shares during the period. Cyndeo Wealth Partners LLC lifted its stake in shares of Fidelity National Financial by 8.0% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 116,894 shares of the financial services provider’s stock worth $7,254,000 after purchasing an additional 8,618 shares during the period. Embree Financial Group lifted its stake in shares of Fidelity National Financial by 5.7% during the 3rd quarter. Embree Financial Group now owns 6,438 shares of the financial services provider’s stock worth $400,000 after purchasing an additional 345 shares during the period. Finally, Net Worth Advisory Group purchased a new position in shares of Fidelity National Financial during the 3rd quarter worth $365,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. StockNews.com downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. 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 report on Tuesday, October 8th. Keefe, Bruyette & Woods increased their price target on Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a report on Wednesday, September 4th. Stephens reiterated an “overweight” rating and issued a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. Finally, Truist Financial increased their price target on shares of Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $62.40.

Fidelity National Financial Stock Performance

NYSE FNF traded down $0.57 during trading hours on Wednesday, reaching $60.22. The company’s stock had a trading volume of 218,196 shares, compared to its average volume of 1,215,710. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.52. The business has a 50-day simple moving average of $59.73 and a 200 day simple moving average of $54.11. Fidelity National Financial, Inc. has a 52 week low of $37.21 and a 52 week high of $62.97. The stock has a market cap of $16.45 billion, a PE ratio of 20.00 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF) last issued its 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). Fidelity National Financial had a return on equity of 14.48% and a net margin of 7.19%. The business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the prior year, the business earned $1.01 EPS. The business’s revenue was up 2.9% on a year-over-year basis. Equities research analysts predict that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

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 of this dividend was Monday, September 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.19%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 63.16%.

Insider Activity

In other news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total transaction of $103,445.00. Following the sale, the director now owns 13,206 shares of the company’s stock, valued at approximately $803,585.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 5.20% of the company’s stock.

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.