Sheaff Brock Investment Advisors LLC Acquires New Shares in Fidelity National Financial, Inc. (NYSE:FNF)

Sheaff Brock Investment Advisors LLC acquired a new position in Fidelity National Financial, Inc. (NYSE:FNF) in the third quarter, HoldingsChannel reports. The fund acquired 3,515 shares of the financial services provider’s stock, valued at approximately $218,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its holdings in shares of Fidelity National Financial by 85.1% in the 1st quarter. Russell Investments Group Ltd. now owns 131,200 shares of the financial services provider’s stock valued at $6,965,000 after acquiring an additional 60,306 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Fidelity National Financial by 231.5% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 30,508 shares of the financial services provider’s stock valued at $1,620,000 after buying an additional 21,306 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Fidelity National Financial by 12.3% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 140,475 shares of the financial services provider’s stock valued at $7,459,000 after buying an additional 15,370 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Fidelity National Financial by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 26,875,738 shares of the financial services provider’s stock worth $1,427,102,000 after buying an additional 728,768 shares during the last quarter. Finally, Covestor Ltd raised its stake in shares of Fidelity National Financial by 109.0% during the 1st quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 303 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on FNF shares. Keefe, Bruyette & Woods lifted their price target on shares of Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft upped their target price on Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Barclays raised their price target 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. Truist Financial upped their price objective on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Stephens reiterated an “overweight” rating and issued a $63.00 target price on shares of Fidelity National Financial in a research note on Thursday, August 15th. 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, Fidelity National Financial presently has an average rating of “Hold” and a consensus target price of $63.60.

Insider Transactions at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total transaction of $103,445.00. Following the sale, the director now directly owns 13,206 shares of the company’s stock, valued at $803,585.10. This represents a 11.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 5.20% of the company’s stock.

Fidelity National Financial Price Performance

Shares of NYSE FNF opened at $60.74 on Friday. Fidelity National Financial, Inc. has a 52 week low of $43.97 and a 52 week high of $62.97. The business’s 50 day moving average price is $60.48 and its 200 day moving average price is $55.42. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The firm has a market cap of $16.62 billion, a P/E ratio of 22.09 and a beta of 1.37.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.11). Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.32 billion. During the same period last year, the company earned $1.23 earnings per share. The firm’s revenue was up 29.7% on a year-over-year basis. On average, sell-side analysts expect that Fidelity National Financial, Inc. will post 4.5 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The business 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 represents a $2.00 annualized dividend and a yield of 3.29%. The ex-dividend date is 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 currently 69.82%.

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.