Creative Planning Cuts Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Creative Planning cut its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 5.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 24,903 shares of the financial services provider’s stock after selling 1,449 shares during the period. Creative Planning’s holdings in Fidelity National Financial were worth $1,545,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of FNF. Opal Wealth Advisors LLC bought a new stake in Fidelity National Financial during the 2nd quarter valued at about $26,000. New Covenant Trust Company N.A. bought a new stake in shares of Fidelity National Financial during the first quarter valued at approximately $30,000. Covestor Ltd raised its holdings in Fidelity National Financial by 109.0% in the 1st quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 303 shares during the last quarter. 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 valued at $32,000 after acquiring an additional 425 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in Fidelity National Financial during the 2nd quarter valued at $35,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Stephens reaffirmed an “overweight” rating and set a $63.00 price objective on shares of Fidelity National Financial in a research report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Barclays lifted their target price on shares of Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods increased their price target 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. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $62.40.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of the firm’s 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 of the company’s stock, valued at $803,585.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.20% of the stock is currently owned by corporate insiders.

Fidelity National Financial Stock Performance

FNF opened at $60.05 on Wednesday. The company’s 50 day moving average is $60.08 and its 200 day moving average is $54.46. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.52. The company has a market cap of $16.42 billion, a price-to-earnings ratio of 19.75 and a beta of 1.36. Fidelity National Financial, Inc. has a 12-month low of $38.51 and a 12-month high of $62.97.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the prior year, the business earned $1.01 EPS. The company’s revenue was up 2.9% compared to the same quarter last year. On average, equities research analysts predict that Fidelity National Financial, Inc. will post 4.53 EPS for the current year.

Fidelity National Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $0.48 per share. The ex-dividend date was Monday, September 16th. This represents a $1.92 annualized dividend and a yield of 3.20%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 63.16%.

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.