Claro Advisors LLC Makes New $253,000 Investment in Fidelity National Financial, Inc. (NYSE:FNF)

Claro Advisors LLC bought a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 4,080 shares of the financial services provider’s stock, valued at approximately $253,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in FNF. ZWJ Investment Counsel Inc. lifted its holdings in Fidelity National Financial by 1.0% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 19,740 shares of the financial services provider’s stock worth $1,225,000 after buying an additional 195 shares during the last quarter. Chesley Taft & Associates LLC boosted its holdings in Fidelity National Financial by 1.9% in the second quarter. Chesley Taft & Associates LLC now owns 10,575 shares of the financial services provider’s stock worth $523,000 after purchasing an additional 200 shares during the period. Intech Investment Management LLC raised its holdings in shares of Fidelity National Financial by 1.3% during the second quarter. Intech Investment Management LLC now owns 15,336 shares of the financial services provider’s stock worth $758,000 after purchasing an additional 202 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Fidelity National Financial by 13.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider’s stock worth $87,000 after buying an additional 213 shares during the last quarter. Finally, Centennial Wealth Advisory LLC boosted its holdings in shares of Fidelity National Financial by 4.6% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 5,463 shares of the financial services provider’s stock valued at $339,000 after buying an additional 239 shares during the period. Institutional investors own 81.17% of the company’s stock.

Insider Activity

In related news, Director Halim Dhanidina sold 1,700 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total transaction of $103,445.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.20% of the company’s stock.

Fidelity National Financial Stock Performance

FNF stock opened at $60.94 on Wednesday. The company has a 50-day simple moving average of $60.57 and a 200 day simple moving average of $55.60. The company has a market capitalization of $16.68 billion, a P/E ratio of 22.16 and a beta of 1.37. 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 fifty-two week low of $44.10 and a fifty-two week high of $62.97.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share 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 during the quarter, compared to analyst estimates of $3.32 billion. During the same quarter last year, the company earned $1.23 earnings per share. The business’s revenue for the quarter was up 29.7% on a year-over-year basis. Sell-side analysts predict that Fidelity National Financial, Inc. will post 4.5 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.28%. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Tuesday, December 17th. Fidelity National Financial’s dividend payout ratio is presently 69.82%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FNF. Deutsche Bank Aktiengesellschaft raised their target price on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Keefe, Bruyette & Woods boosted their price objective on Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a research report on Wednesday, September 4th. Stephens reaffirmed an “overweight” rating and issued a $63.00 target price on shares of Fidelity National Financial in a research report on Thursday, August 15th. Truist Financial boosted their price target 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, Barclays increased 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. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $63.60.

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.