1834 Investment Advisors Co. Sells 7,118 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

1834 Investment Advisors Co. lessened its position in Fidelity National Financial, Inc. (NYSE:FNF) by 6.1% in the 4th quarter, Holdings Channel reports. The firm owned 110,391 shares of the financial services provider’s stock after selling 7,118 shares during the period. 1834 Investment Advisors Co.’s holdings in Fidelity National Financial were worth $6,197,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Crescent Grove Advisors LLC increased its position in shares of Fidelity National Financial by 10.8% in the 4th quarter. Crescent Grove Advisors LLC now owns 304,018 shares of the financial services provider’s stock valued at $17,068,000 after buying an additional 29,513 shares in the last quarter. Cyndeo Wealth Partners LLC grew its stake in Fidelity National Financial by 4.0% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 121,518 shares of the financial services provider’s stock valued at $6,822,000 after acquiring an additional 4,624 shares during the period. Geneos Wealth Management Inc. bought a new stake in shares of Fidelity National Financial in the fourth quarter worth about $183,000. CX Institutional raised its position in shares of Fidelity National Financial by 1.5% during the fourth quarter. CX Institutional now owns 24,527 shares of the financial services provider’s stock worth $1,377,000 after purchasing an additional 352 shares during the period. Finally, Donoghue Forlines LLC bought a new position in shares of Fidelity National Financial during the 4th quarter valued at about $1,469,000. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $57.71 on Friday. The firm has a market cap of $15.79 billion, a PE ratio of 20.99 and a beta of 1.38. Fidelity National Financial, Inc. has a 12 month low of $46.85 and a 12 month high of $64.83. The company’s fifty day simple moving average is $58.74 and its 200-day simple moving average is $58.35. 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 (NYSE:FNF) last posted 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 business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The company’s quarterly revenue was up 29.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.23 earnings per share. Equities research analysts expect that Fidelity National Financial, Inc. will post 4.57 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

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

Wall Street Analysts Forecast Growth

FNF has been the subject of a number of research reports. Truist Financial increased their target price 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. Keefe, Bruyette & Woods dropped 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. Barclays upped their target price on shares of Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and increased their target price for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $66.40.

Insiders Place Their Bets

In other news, Director Sandra Douglass Morgan sold 2,092 shares of Fidelity National Financial stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total value of $117,842.36. Following the completion of the transaction, the director now 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Halim Dhanidina sold 2,800 shares of the company’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 completion of the sale, the director now directly owns 16,716 shares in the company, valued at approximately $916,872.60. The trade was a 14.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

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.