Capital Performance Advisors LLP Invests $32,000 in Fidelity National Financial, Inc. (NYSE:FNF)

Capital Performance Advisors LLP acquired a new stake in Fidelity National Financial, Inc. (NYSE:FNF) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 511 shares of the financial services provider’s stock, valued at approximately $32,000.

Other hedge funds have also recently added to or reduced their stakes in the company. TPG GP A LLC bought a new stake in shares of Fidelity National Financial in the 2nd quarter valued at about $83,798,000. Windacre Partnership LLC raised its holdings in Fidelity National Financial by 9.6% in the first quarter. Windacre Partnership LLC now owns 16,249,267 shares of the financial services provider’s stock worth $862,836,000 after purchasing an additional 1,424,767 shares during the period. Vanguard Group Inc. boosted its position in shares of Fidelity National Financial by 2.8% during the first quarter. Vanguard Group Inc. now owns 26,875,738 shares of the financial services provider’s stock worth $1,427,102,000 after purchasing an additional 728,768 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Fidelity National Financial by 8.5% in the 2nd quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider’s stock valued at $404,332,000 after buying an additional 640,829 shares during the period. Finally, Cooke & Bieler LP increased its position in shares of Fidelity National Financial by 3.2% in the 2nd quarter. Cooke & Bieler LP now owns 5,937,596 shares of the financial services provider’s stock valued at $293,436,000 after buying an additional 184,078 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

NYSE FNF opened at $60.18 on Tuesday. Fidelity National Financial, Inc. has a 12-month low of $43.11 and a 12-month high of $62.97. The firm’s 50 day moving average is $60.30 and its 200-day moving average is $55.09. The company has a market capitalization of $16.46 billion, a PE ratio of 22.26 and a beta of 1.37. The company has a quick ratio of 0.23, a current ratio of 39.51 and a debt-to-equity ratio of 0.52.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.11). The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.32 billion. Fidelity National Financial had a return on equity of 14.08% and a net margin of 5.57%. The company’s quarterly revenue was up 29.7% compared to the same quarter last year. During the same period last year, the firm earned $1.23 earnings per share. Equities research 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.32%. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, December 17th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 69.82%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on FNF shares. 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 research note on Monday. Deutsche Bank Aktiengesellschaft boosted their price objective on Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Barclays raised 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 report on Tuesday, October 8th. Keefe, Bruyette & Woods upped their price target on shares of Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a report on Wednesday, September 4th. Finally, Stephens restated an “overweight” rating and set a $63.00 price objective on shares of Fidelity National Financial in a report on Thursday, August 15th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $63.60.

Insider Buying and Selling at Fidelity National Financial

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 value of $103,445.00. Following the completion of the sale, the director now owns 13,206 shares of the company’s stock, valued at approximately $803,585.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 5.20% of the company’s stock.

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.