AE Wealth Management LLC Has $8.48 Million Position in Fidelity National Financial, Inc. (NYSE:FNF)

AE Wealth Management LLC trimmed its position in Fidelity National Financial, Inc. (NYSE:FNF) by 28.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 171,531 shares of the financial services provider’s stock after selling 69,616 shares during the period. AE Wealth Management LLC’s holdings in Fidelity National Financial were worth $8,477,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of FNF. Bridges Investment Management Inc. bought a new position in Fidelity National Financial during the second quarter worth about $1,223,000. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Fidelity National Financial by 35.5% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 32,624 shares of the financial services provider’s stock valued at $1,613,000 after purchasing an additional 8,549 shares in the last quarter. Intech Investment Management LLC grew its position in shares of Fidelity National Financial by 1.3% in the 2nd quarter. Intech Investment Management LLC now owns 15,336 shares of the financial services provider’s stock valued at $758,000 after purchasing an additional 202 shares during the period. XTX Topco Ltd increased its stake in Fidelity National Financial by 303.9% during the 2nd quarter. XTX Topco Ltd now owns 22,518 shares of the financial services provider’s stock worth $1,113,000 after purchasing an additional 16,943 shares in the last quarter. Finally, Seven Eight Capital LP acquired a new stake in Fidelity National Financial during the 2nd quarter worth approximately $778,000. Institutional investors own 81.17% of the company’s stock.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total transaction of $103,445.00. Following the transaction, the director now directly owns 13,206 shares in the company, valued at approximately $803,585.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.20% of the company’s stock.

Fidelity National Financial Price Performance

Shares of NYSE FNF opened at $60.95 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.23 and a quick ratio of 0.23. The business has a 50-day moving average of $56.83 and a 200-day moving average of $52.62. The stock has a market capitalization of $16.65 billion, a price-to-earnings ratio of 20.05 and a beta of 1.36. Fidelity National Financial, Inc. has a fifty-two week low of $37.10 and a fifty-two week high of $62.00.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.03). Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the prior year, the business earned $1.01 earnings per share. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, sell-side analysts predict that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.15%. The ex-dividend date is Monday, September 16th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 63.16%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on FNF. Keefe, Bruyette & Woods increased 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 research report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft lifted their price target on Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. 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. Truist Financial lifted their target price on Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Finally, StockNews.com downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Fidelity National Financial currently has a consensus rating of “Hold” and a consensus price target of $61.80.

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.