Avior Wealth Management LLC Decreases Stock Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Avior Wealth Management LLC trimmed its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 6.2% during the 4th quarter, Holdings Channel reports. The fund owned 21,175 shares of the financial services provider’s stock after selling 1,396 shares during the period. Avior Wealth Management LLC’s holdings in Fidelity National Financial were worth $1,189,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Renaissance Technologies LLC purchased a new stake in Fidelity National Financial during the 2nd quarter valued at $1,305,000. Sei Investments Co. raised its holdings in Fidelity National Financial by 1,051.5% during the 2nd quarter. Sei Investments Co. now owns 131,186 shares of the financial services provider’s stock valued at $6,483,000 after buying an additional 119,793 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Fidelity National Financial by 13.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider’s stock valued at $87,000 after buying an additional 213 shares during the period. Marshall Wace LLP purchased a new stake in Fidelity National Financial during the 2nd quarter valued at $2,704,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Fidelity National Financial by 61.0% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 49,707 shares of the financial services provider’s stock valued at $2,457,000 after buying an additional 18,838 shares during the period. 81.17% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, Director Sandra Douglass Morgan sold 2,092 shares of Fidelity National Financial stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total value of $117,842.36. Following the transaction, the director now owns 32,386 shares in the company, valued at $1,824,303.38. The trade was a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $54.85, for a total value of $153,580.00. Following the completion of the transaction, the director now owns 16,716 shares in the company, valued at $916,872.60. This trade represents a 14.35 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

Fidelity National Financial Stock Performance

Shares of Fidelity National Financial stock opened at $57.71 on Friday. The stock’s fifty day moving average is $58.80 and its two-hundred day moving average is $58.29. The company has a market capitalization of $15.79 billion, a PE ratio of 20.99 and a beta of 1.38. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a 52 week low of $46.85 and a 52 week high of $64.83.

Fidelity National Financial (NYSE:FNF) last posted its quarterly 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). Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The firm had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the previous year, the company posted $1.23 EPS. Fidelity National Financial’s quarterly revenue was up 29.7% compared to the same quarter last year. As a group, analysts expect that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were given a dividend of $0.50 per share. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date was Tuesday, December 17th. 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 presently 72.73%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on FNF shares. 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 cut their price objective on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and upped their price objective for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Finally, Truist Financial upped their price objective on Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Fidelity National Financial presently has an average rating of “Moderate Buy” and a consensus price target of $66.40.

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.