HighTower Advisors LLC decreased its position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 842,393 shares of the financial services provider's stock after selling 18,593 shares during the period. HighTower Advisors LLC owned 0.31% of Fidelity National Financial worth $52,263,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in FNF. TPG GP A LLC acquired a new position in Fidelity National Financial during the second quarter worth approximately $83,798,000. Victory Capital Management Inc. increased its position in Fidelity National Financial by 8.5% during the second quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider's stock worth $404,332,000 after buying an additional 640,829 shares during the period. Charles Schwab Investment Management Inc. increased its position in Fidelity National Financial by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,025,159 shares of the financial services provider's stock worth $498,041,000 after buying an additional 289,962 shares during the period. Cooke & Bieler LP increased its position in Fidelity National Financial by 3.2% during the second quarter. Cooke & Bieler LP now owns 5,937,596 shares of the financial services provider's stock worth $293,436,000 after buying an additional 184,078 shares during the period. Finally, CWA Asset Management Group LLC acquired a new position in Fidelity National Financial during the third quarter worth approximately $11,100,000. Institutional investors and hedge funds own 81.17% of the company's stock.
Shares of FNF stock opened at $62.25 on Thursday. The business's fifty day moving average price is $61.04 and its 200 day moving average price is $56.39. Fidelity National Financial, Inc. has a 1-year low of $45.36 and a 1-year high of $64.83. The firm has a market capitalization of $17.03 billion, a PE ratio of 22.64 and a beta of 1.36. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24.
Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its quarterly earnings data 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). The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The company's revenue was up 29.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.23 EPS. As a group, sell-side analysts forecast that Fidelity National Financial, Inc. will post 4.5 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.21%. 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 payout ratio is presently 72.73%.
A number of research analysts have recently issued reports on the company. Keefe, Bruyette & Woods boosted their target price on 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 report on Tuesday, October 8th. Truist Financial boosted their target price on Fidelity National Financial from $64.00 to $70.00 and gave the company a "buy" rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft boosted their target price on Fidelity National Financial from $61.00 to $63.00 and gave the company a "hold" rating in a report on Wednesday, August 7th. Finally, Stephens reissued an "overweight" rating and issued a $63.00 target price on shares of Fidelity National Financial in a report on Thursday, August 15th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $63.60.
Get Our Latest Report on Fidelity National Financial
In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the business'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 sale, the director now directly owns 13,206 shares in the company, valued at approximately $803,585.10. The trade was a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.20% of the stock is owned by company insiders.
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.
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