Howe & Rusling Inc. Purchases Shares of 3,436 Fidelity National Financial, Inc. (NYSE:FNF)

Howe & Rusling Inc. bought a new stake in Fidelity National Financial, Inc. (NYSE:FNF) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 3,436 shares of the financial services provider’s stock, valued at approximately $213,000.

A number of other hedge funds have also recently modified their holdings of FNF. Opal Wealth Advisors LLC purchased a new stake in Fidelity National Financial in the second quarter valued at $26,000. New Covenant Trust Company N.A. acquired a new stake in shares of Fidelity National Financial during the first quarter worth about $30,000. Covestor Ltd lifted its holdings in shares of 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 purchasing an additional 303 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Fidelity National Financial in the 3rd quarter valued at about $32,000. Finally, International Assets Investment Management LLC purchased a new position in Fidelity National Financial during the 2nd quarter worth approximately $35,000. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Performance

Shares of FNF opened at $60.08 on Thursday. The stock has a market capitalization of $16.44 billion, a P/E ratio of 21.85 and a beta of 1.37. 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 1 year low of $44.10 and a 1 year high of $62.97. The company’s fifty day moving average is $60.60 and its two-hundred day moving average is $55.63.

Fidelity National Financial (NYSE:FNF) last issued its earnings results 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). The firm had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The firm’s revenue was up 29.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.23 EPS. On average, sell-side analysts predict that Fidelity National Financial, Inc. will post 4.5 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.33%. 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 69.82%.

Insider Transactions at Fidelity National Financial

In related news, Director Halim Dhanidina sold 1,700 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total transaction of $103,445.00. Following the transaction, the director now 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 5.20% of the company’s stock.

Wall Street Analyst Weigh In

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

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.