Wilmington Savings Fund Society FSB Makes New Investment in Fidelity National Financial, Inc. (NYSE:FNF)

Wilmington Savings Fund Society FSB acquired a new stake in Fidelity National Financial, Inc. (NYSE:FNF) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,824 shares of the financial services provider’s stock, valued at approximately $672,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Swedbank AB lifted its holdings in shares of Fidelity National Financial by 25.1% during the 3rd quarter. Swedbank AB now owns 42,375 shares of the financial services provider’s stock worth $2,630,000 after acquiring an additional 8,511 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Fidelity National Financial by 61.0% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 49,707 shares of the financial services provider’s stock worth $2,457,000 after purchasing an additional 18,838 shares during the period. Horizon Kinetics Asset Management LLC grew its stake in shares of Fidelity National Financial by 35.1% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 58,071 shares of the financial services provider’s stock valued at $3,604,000 after buying an additional 15,100 shares during the period. Cyndeo Wealth Partners LLC raised its position in shares of Fidelity National Financial by 8.0% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 116,894 shares of the financial services provider’s stock worth $7,254,000 after buying an additional 8,618 shares during the period. Finally, Sei Investments Co. boosted its holdings in Fidelity National Financial by 1,051.5% in the second quarter. Sei Investments Co. now owns 131,186 shares of the financial services provider’s stock valued at $6,483,000 after acquiring an additional 119,793 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Halim Dhanidina sold 1,700 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 13,206 shares in the company, valued at approximately $803,585.10. This represents a 11.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.20% of the stock is owned by company insiders.

Fidelity National Financial Stock Down 0.1 %

NYSE FNF opened at $59.96 on Monday. The stock has a market cap of $16.41 billion, a PE ratio of 21.80 and a beta of 1.36. The business has a 50 day moving average price of $61.02 and a two-hundred day moving average price of $56.90. Fidelity National Financial, Inc. has a fifty-two week low of $46.85 and a fifty-two week high of $64.83. 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 (NYSE:FNF) last released its quarterly 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 net margin of 5.57% and a return on equity of 13.72%. The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same period in the previous year, the business posted $1.23 earnings per share. Fidelity National Financial’s revenue for the quarter was up 29.7% on a year-over-year basis. As a group, sell-side analysts predict that Fidelity National Financial, Inc. will post 4.57 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders 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 yield of 3.34%. The ex-dividend date of this dividend is Tuesday, December 17th. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s dividend payout ratio (DPR) is 72.73%.

Analyst Ratings Changes

Several equities research analysts have commented on FNF shares. Barclays upped their price target on Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Keefe, Bruyette & Woods boosted their price objective on shares of Fidelity National Financial from $63.00 to $64.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 10th. Finally, Truist Financial raised their target price on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $63.80.

Fidelity National Financial 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.