Assetmark Inc. Sells 283 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Assetmark Inc. lowered its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 0.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 104,438 shares of the financial services provider’s stock after selling 283 shares during the quarter. Assetmark Inc.’s holdings in Fidelity National Financial were worth $6,481,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Opal Wealth Advisors LLC bought a new stake in shares of Fidelity National Financial during the second quarter valued at approximately $26,000. New Covenant Trust Company N.A. bought a new stake in Fidelity National Financial in the 1st quarter valued at $30,000. Covestor Ltd raised its stake 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 buying an additional 303 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Fidelity National Financial during the 3rd quarter worth about $32,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of Fidelity National Financial during the 2nd quarter valued at about $35,000. Institutional investors own 81.17% of the company’s stock.

Wall Street Analyst Weigh In

FNF has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Barclays upped their price target on 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. Stephens reissued an “overweight” rating and set a $63.00 price objective on shares of Fidelity National Financial in a report on Thursday, August 15th. StockNews.com lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Finally, Truist Financial lifted 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. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Fidelity National Financial has an average rating of “Hold” and a consensus price target of $63.60.

Fidelity National Financial Trading Down 0.1 %

FNF opened at $60.18 on Tuesday. Fidelity National Financial, Inc. has a 1-year low of $43.11 and a 1-year high of $62.97. The stock has a market capitalization of $16.46 billion, a PE ratio of 21.88 and a beta of 1.37. The company has a current ratio of 39.51, a quick ratio of 0.23 and a debt-to-equity ratio of 0.52. The firm has a 50-day moving average price of $60.30 and a two-hundred day moving average price of $55.09.

Fidelity National Financial (NYSE:FNF) last issued 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). The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a net margin of 5.57% and a return on equity of 14.08%. The business’s revenue for the quarter was up 29.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.23 EPS. As a group, equities analysts anticipate that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The firm 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. The ex-dividend date is Tuesday, December 17th. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a yield of 3.32%. Fidelity National Financial’s dividend payout ratio is presently 69.82%.

Insider Activity

In related news, Director Halim Dhanidina sold 1,700 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total transaction of $103,445.00. Following the completion of the sale, the director now directly owns 13,206 shares of the company’s stock, valued at $803,585.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 5.20% of the company’s stock.

Fidelity National Financial Company 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.