1834 Investment Advisors Co. Has $6.20 Million Position in Fidelity National Financial, Inc. (NYSE:FNF)

1834 Investment Advisors Co. lessened its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 6.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. 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 reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in shares of Fidelity National Financial by 3.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,025,159 shares of the financial services provider’s stock valued at $498,041,000 after acquiring an additional 289,962 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Fidelity National Financial in the third quarter worth about $11,469,000. CWA Asset Management Group LLC bought a new position in Fidelity National Financial during the third quarter worth about $11,100,000. Sei Investments Co. boosted its holdings in Fidelity National Financial by 1,051.5% during the second quarter. Sei Investments Co. now owns 131,186 shares of the financial services provider’s stock valued at $6,483,000 after purchasing an additional 119,793 shares in the last quarter. Finally, Prana Capital Management LP grew its stake in shares of Fidelity National Financial by 1,104.7% in the 3rd quarter. Prana Capital Management LP now owns 124,715 shares of the financial services provider’s stock valued at $7,740,000 after purchasing an additional 114,363 shares during the period. 81.17% of the stock is currently owned by institutional investors.

Fidelity National Financial Stock Performance

Shares of NYSE:FNF opened at $57.71 on Friday. The business has a fifty day moving average of $58.74 and a 200-day moving average of $58.35. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. Fidelity National Financial, Inc. has a twelve month low of $46.85 and a twelve month high of $64.83. 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 (NYSE:FNF) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share 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 company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same quarter in the previous year, the business posted $1.23 EPS. The company’s revenue was up 29.7% compared to the same quarter last year. On average, equities research analysts predict that Fidelity National Financial, Inc. will post 4.57 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.47%. This is a positive change 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 presently 72.73%.

Insider Activity

In other news, Director Halim Dhanidina sold 2,800 shares of the firm’s 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 transaction, the director now owns 16,716 shares of the company’s stock, valued at approximately $916,872.60. This trade represents a 14.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sandra Douglass Morgan sold 2,092 shares of the business’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the sale, the director now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Barclays raised their target price on Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and lifted their price objective for the company from $76.00 to $77.00 in a report on Friday, January 3rd. Keefe, Bruyette & Woods lowered their target price 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. Finally, Truist Financial lifted 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. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Fidelity National Financial 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.