Armstrong Advisory Group Inc. Has $73,000 Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Armstrong Advisory Group Inc. lessened its position in Fidelity National Financial, Inc. (NYSE:FNF) by 29.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,301 shares of the financial services provider’s stock after selling 542 shares during the period. Armstrong Advisory Group Inc.’s holdings in Fidelity National Financial were worth $73,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of FNF. Park Avenue Securities LLC grew its position in Fidelity National Financial by 7.6% in the 4th quarter. Park Avenue Securities LLC now owns 43,956 shares of the financial services provider’s stock valued at $2,468,000 after purchasing an additional 3,112 shares during the period. Oak Thistle LLC purchased a new stake in Fidelity National Financial in the 4th quarter valued at $431,000. Accurate Wealth Management LLC boosted its holdings in Fidelity National Financial by 11.9% during the 4th quarter. Accurate Wealth Management LLC now owns 5,238 shares of the financial services provider’s stock worth $284,000 after acquiring an additional 556 shares during the last quarter. Pallas Capital Advisors LLC grew its stake in shares of Fidelity National Financial by 8.0% in the 4th quarter. Pallas Capital Advisors LLC now owns 5,836 shares of the financial services provider’s stock worth $328,000 after acquiring an additional 430 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Fidelity National Financial by 1.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 25,094 shares of the financial services provider’s stock valued at $1,557,000 after purchasing an additional 348 shares during the last quarter. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $57.64 on Friday. The firm’s 50 day moving average is $59.07 and its 200 day moving average is $57.96. The stock has a market capitalization of $15.77 billion, a P/E ratio of 20.96 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 has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data 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 net margin of 5.57% and a return on equity of 13.72%. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the previous year, the firm posted $1.23 earnings per share. The business’s revenue for the quarter was up 29.7% compared to the same quarter last year. On average, sell-side analysts anticipate 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 a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend was Tuesday, December 17th. Fidelity National Financial’s payout ratio is 72.73%.

Wall Street Analyst Weigh In

FNF has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and upped their price objective for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd. Keefe, Bruyette & Woods decreased their price target on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a research report on Wednesday, January 8th. Truist Financial boosted their price objective on Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Barclays increased their price target on shares of Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $66.40.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 2,800 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $54.85, for a total value of $153,580.00. Following the transaction, the director now directly owns 16,716 shares in the company, valued at $916,872.60. This represents a 14.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 sale, the director now owns 32,386 shares of the company’s stock, valued at approximately $1,824,303.38. This trade represents a 6.07 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

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.