Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC lowered its position in Fidelity National Financial, Inc. (NYSE:FNF) by 5.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,060 shares of the financial services provider’s stock after selling 526 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Fidelity National Financial were worth $565,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in shares of Fidelity National Financial by 2.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,428,258 shares of the financial services provider’s stock worth $169,421,000 after purchasing an additional 77,118 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Fidelity National Financial during the 2nd quarter valued at $1,305,000. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Fidelity National Financial by 1.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 100,232 shares of the financial services provider’s stock valued at $4,953,000 after acquiring an additional 1,380 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Fidelity National Financial by 5.9% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 20,579 shares of the financial services provider’s stock valued at $1,016,000 after acquiring an additional 1,147 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in shares of Fidelity National Financial by 18.7% during the 2nd quarter. Hsbc Holdings PLC now owns 774,931 shares of the financial services provider’s stock valued at $38,334,000 after acquiring an additional 121,933 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Stock Performance

Shares of Fidelity National Financial stock opened at $58.12 on Friday. The firm has a market cap of $15.91 billion, a PE ratio of 21.14 and a beta of 1.38. The firm’s 50-day simple moving average is $59.00 and its 200-day simple moving average is $58.02. 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, Inc. has a 1 year low of $46.85 and a 1 year high of $64.83.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The business’s revenue for the quarter was up 29.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.23 EPS. Equities 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 business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend was Tuesday, December 17th. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s dividend payout ratio is 72.73%.

Insider Activity

In related news, Director Sandra Douglass Morgan sold 2,092 shares of the business’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total transaction of $117,842.36. Following the completion of the sale, the director now owns 32,386 shares of the company’s stock, valued at $1,824,303.38. This represents a 6.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Halim Dhanidina sold 2,800 shares of the business’s stock in a transaction dated 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 directly owns 16,716 shares of the company’s stock, valued at approximately $916,872.60. This represents a 14.35 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and lifted their target price for the company from $76.00 to $77.00 in a report on Friday, January 3rd. Keefe, Bruyette & Woods cut their price objective 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. Truist Financial boosted their price objective on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Barclays boosted their price objective on shares of Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.