Coldstream Capital Management Inc. Lowers Stock Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Coldstream Capital Management Inc. reduced its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 1.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,758 shares of the financial services provider’s stock after selling 170 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Fidelity National Financial were worth $543,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Swedbank AB lifted its holdings in shares of Fidelity National Financial by 25.1% during the 3rd quarter. Swedbank AB now owns 42,375 shares of the financial services provider’s stock worth $2,630,000 after acquiring an additional 8,511 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Fidelity National Financial by 61.0% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 49,707 shares of the financial services provider’s stock worth $2,457,000 after purchasing an additional 18,838 shares during the last quarter. Horizon Kinetics Asset Management LLC increased its position in Fidelity National Financial by 35.1% during the third quarter. Horizon Kinetics Asset Management LLC now owns 58,071 shares of the financial services provider’s stock worth $3,604,000 after purchasing an additional 15,100 shares during the last quarter. Cyndeo Wealth Partners LLC raised its stake in Fidelity National Financial by 8.0% during the third 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. Finally, Sei Investments Co. boosted its holdings in shares of Fidelity National Financial by 1,051.5% in the 2nd quarter. Sei Investments Co. now owns 131,186 shares of the financial services provider’s stock valued at $6,483,000 after purchasing an additional 119,793 shares during the last quarter. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Down 0.1 %

Shares of Fidelity National Financial stock opened at $59.92 on Friday. Fidelity National Financial, Inc. has a twelve month low of $46.85 and a twelve month high of $64.83. The stock has a market cap of $16.40 billion, a price-to-earnings ratio of 21.79 and a beta of 1.36. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The company has a fifty day moving average price of $61.02 and a 200 day moving average price of $56.81.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.11). The company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. Fidelity National Financial’s quarterly revenue was up 29.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.23 EPS. Equities research analysts forecast that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a $0.50 dividend. This is an increase 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 3.34%. Fidelity National Financial’s dividend payout ratio (DPR) is 72.73%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods upped their price objective on Fidelity National Financial from $63.00 to $64.00 and gave the stock a “market perform” rating in a report on Tuesday. Barclays raised their price objective on Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Finally, Truist Financial lifted their price objective on Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $63.80.

Insider Activity

In related news, Director Halim Dhanidina sold 1,700 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total transaction 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 approximately $803,585.10. This trade represents a 11.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.20% of the company’s stock.

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.