5,395 Shares in Fidelity National Financial, Inc. (NYSE:FNF) Acquired by Empower Advisory Group LLC

Empower Advisory Group LLC bought a new stake in Fidelity National Financial, Inc. (NYSE:FNF) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,395 shares of the financial services provider’s stock, valued at approximately $335,000.

A number of other hedge funds and other institutional investors have also modified their holdings of FNF. TPG GP A LLC purchased a new stake in Fidelity National Financial in the second quarter valued at $83,798,000. Windacre Partnership LLC lifted its position in Fidelity National Financial by 9.6% in the first quarter. Windacre Partnership LLC now owns 16,249,267 shares of the financial services provider’s stock valued at $862,836,000 after buying an additional 1,424,767 shares during the last quarter. Vanguard Group Inc. boosted its stake in Fidelity National Financial by 2.8% during the first quarter. Vanguard Group Inc. now owns 26,875,738 shares of the financial services provider’s stock worth $1,427,102,000 after buying an additional 728,768 shares during the period. Victory Capital Management Inc. boosted its stake in Fidelity National Financial by 8.5% during the second quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider’s stock worth $404,332,000 after buying an additional 640,829 shares during the period. Finally, Cooke & Bieler LP increased its position in shares of Fidelity National Financial by 3.2% during the second quarter. Cooke & Bieler LP now owns 5,937,596 shares of the financial services provider’s stock valued at $293,436,000 after acquiring an additional 184,078 shares during the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently weighed in on FNF. Stephens reaffirmed an “overweight” rating and set a $63.00 price objective on shares of Fidelity National Financial in a research report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft lifted their price objective on Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Keefe, Bruyette & Woods lifted their target price on Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a research report on Wednesday, September 4th. Truist Financial increased their price target on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Barclays lifted their price objective on shares of Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $63.60.

Insider Buying and Selling at Fidelity National Financial

In related 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 sale, the director now directly owns 13,206 shares of the company’s stock, valued at $803,585.10. This represents a 11.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.20% of the stock is currently owned by insiders.

Fidelity National Financial Stock Up 0.3 %

FNF stock opened at $60.98 on Friday. The company’s 50 day moving average price is $60.40 and its 200 day moving average price is $55.27. The firm has a market capitalization of $16.69 billion, a price-to-earnings ratio of 22.17 and a beta of 1.37. Fidelity National Financial, Inc. has a fifty-two week low of $43.60 and a fifty-two week high of $62.97. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). The firm had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The company’s revenue for the quarter was up 29.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.23 earnings per share. On average, equities research analysts anticipate that Fidelity National Financial, Inc. will post 4.5 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a dividend of $0.50 per share. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $2.00 annualized dividend and a yield of 3.28%. Fidelity National Financial’s payout ratio is presently 72.73%.

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.