Fidelity National Financial, Inc. (NYSE:FNF) Position Increased by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC raised its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 8.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 116,894 shares of the financial services provider’s stock after buying an additional 8,618 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Fidelity National Financial were worth $7,254,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Opal Wealth Advisors LLC purchased a new position in Fidelity National Financial during the 2nd quarter valued at about $26,000. New Covenant Trust Company N.A. purchased a new position in Fidelity National Financial during the first quarter valued at approximately $30,000. Mather Group LLC. acquired a new position in Fidelity National Financial in the 1st quarter valued at approximately $31,000. Covestor Ltd increased its stake in Fidelity National Financial by 109.0% in the 1st quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock valued at $31,000 after buying an additional 303 shares during the period. Finally, Salomon & Ludwin LLC lifted its position in Fidelity National Financial by 231.0% in the 1st quarter. Salomon & Ludwin LLC now owns 609 shares of the financial services provider’s stock worth $32,000 after buying an additional 425 shares in the last quarter. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

NYSE FNF opened at $62.16 on Friday. Fidelity National Financial, Inc. has a fifty-two week low of $37.10 and a fifty-two week high of $62.97. The stock’s 50-day moving average is $59.50 and its two-hundred day moving average is $53.98. The firm has a market cap of $16.98 billion, a P/E ratio of 20.45 and a beta of 1.36. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.23 and a quick ratio of 0.23.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $1.24 EPS for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.03). Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The company had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same period in the prior year, the company posted $1.01 EPS. The business’s revenue was up 2.9% on a year-over-year basis. On average, analysts anticipate that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date was Monday, September 16th. Fidelity National Financial’s dividend payout ratio is 63.16%.

Insider Transactions at Fidelity National Financial

In related news, Director Halim Dhanidina sold 1,700 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total value of $103,445.00. Following the transaction, the director now directly owns 13,206 shares in the company, valued at approximately $803,585.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 5.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a report on Wednesday, September 4th. Barclays boosted their target price on Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Truist Financial raised their price target on Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Stephens reissued an “overweight” rating and issued a $63.00 price target on shares of Fidelity National Financial in a research note on Thursday, August 15th. Finally, StockNews.com downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $62.40.

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.