Armstrong Advisory Group Inc. Cuts Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Armstrong Advisory Group Inc. reduced its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 29.4% during the fourth quarter, Holdings Channel reports. The fund owned 1,301 shares of the financial services provider’s stock after selling 542 shares during the period. Armstrong Advisory Group Inc.’s holdings in Fidelity National Financial were worth $73,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in FNF. Swedbank AB raised its position in Fidelity National Financial by 25.1% in the 3rd quarter. Swedbank AB now owns 42,375 shares of the financial services provider’s stock worth $2,630,000 after purchasing an additional 8,511 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Fidelity National Financial by 61.0% in 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 buying an additional 18,838 shares during the period. Everence Capital Management Inc. purchased a new position in shares of Fidelity National Financial in the fourth quarter worth about $621,000. Barclays PLC lifted its stake in shares of Fidelity National Financial by 4.4% in the 3rd quarter. Barclays PLC now owns 216,755 shares of the financial services provider’s stock valued at $13,451,000 after acquiring an additional 9,146 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC boosted its holdings in Fidelity National Financial by 35.1% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 58,071 shares of the financial services provider’s stock valued at $3,604,000 after acquiring an additional 15,100 shares during the period. 81.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Halim Dhanidina sold 2,800 shares of the stock in a transaction that occurred 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 sale, the director now owns 16,716 shares in the company, valued at $916,872.60. This represents a 14.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sandra Douglass Morgan sold 2,092 shares of the firm’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total transaction of $117,842.36. Following the sale, 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 disclosure for this sale can be found here. 5.20% of the stock is owned by company insiders.

Fidelity National Financial Stock Up 2.1 %

Shares of NYSE FNF opened at $57.64 on Friday. Fidelity National Financial, Inc. has a 12 month low of $46.85 and a 12 month high of $64.83. The firm has a market capitalization of $15.77 billion, a PE ratio of 20.96 and a beta of 1.38. The firm has a fifty day simple moving average of $59.07 and a two-hundred day simple moving average of $57.96. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47.

Fidelity National Financial (NYSE:FNF) last released its earnings results 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.23 EPS. Equities analysts expect that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were given a $0.50 dividend. The ex-dividend date was Tuesday, December 17th. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.47%. Fidelity National Financial’s dividend payout ratio is currently 72.73%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Truist Financial lifted their price target on Fidelity National Financial from $64.00 to $70.00 and gave the stock 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 upped their price target for the company from $76.00 to $77.00 in a report on Friday, January 3rd. Keefe, Bruyette & Woods cut their price target on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a report on Wednesday, January 8th. Finally, Barclays upped 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 research note on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Fidelity National Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.40.

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.