Net Worth Advisory Group Acquires Shares of 5,885 Fidelity National Financial, Inc. (NYSE:FNF)

Net Worth Advisory Group bought a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,885 shares of the financial services provider’s stock, valued at approximately $365,000.

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

Insider Buying and Selling

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total value of $103,445.00. Following the transaction, the director now owns 13,206 shares in the company, valued at $803,585.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 5.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

FNF has been the subject of several recent analyst reports. StockNews.com downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. 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 report on Tuesday, October 8th. Keefe, Bruyette & Woods raised their price objective on shares of Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a report on Wednesday, September 4th. Finally, Stephens reiterated an “overweight” rating and set 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, Fidelity National Financial currently has a consensus rating of “Hold” and an average price target of $62.40.

Fidelity National Financial Trading Down 0.8 %

FNF stock opened at $62.16 on Friday. The stock has a market cap of $16.98 billion, a price-to-earnings ratio of 20.45 and a beta of 1.36. The company has a fifty day moving average price of $59.50 and a two-hundred day moving average price of $53.98. Fidelity National Financial, Inc. has a one year low of $37.10 and a one year high of $62.97. 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 announced its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.03). Fidelity National Financial had a return on equity of 14.48% and a net margin of 7.19%. The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the previous year, the company earned $1.01 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. Equities analysts anticipate that Fidelity National Financial, Inc. will post 4.53 EPS for the current year.

Fidelity National Financial Announces Dividend

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

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.