Fidelity National Financial, Inc. (NYSE:FNF) Shares Bought by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC lifted its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 13.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,766 shares of the financial services provider’s stock after purchasing an additional 213 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Fidelity National Financial were worth $87,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in Fidelity National Financial during the fourth quarter worth about $27,000. Opal Wealth Advisors LLC purchased a new stake in shares of Fidelity National Financial during the 2nd quarter worth approximately $26,000. New Covenant Trust Company N.A. acquired a new stake in shares of Fidelity National Financial in the 1st quarter worth approximately $30,000. Covestor Ltd increased its stake in 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 purchasing an additional 303 shares in the last quarter. Finally, Salomon & Ludwin LLC raised its holdings in Fidelity National Financial by 231.0% during the first quarter. Salomon & Ludwin LLC now owns 609 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 425 shares during the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

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 completion of the sale, the director now 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 this link. 5.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FNF. Truist Financial raised their price target 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. Stephens restated an “overweight” rating and set a $63.00 target price on shares of Fidelity National Financial in a research report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods lifted their price objective on 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. Finally, StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Fidelity National Financial has an average rating of “Hold” and an average price target of $61.80.

Fidelity National Financial Stock Performance

NYSE:FNF opened at $61.10 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 firm has a market cap of $16.69 billion, a PE ratio of 20.11 and a beta of 1.36. The firm has a 50 day simple moving average of $57.37 and a 200-day simple moving average of $52.87. Fidelity National Financial, Inc. has a 1-year low of $37.10 and a 1-year high of $62.00.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, August 7th. The financial services provider reported $1.24 EPS 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 firm had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same period in the previous year, the firm posted $1.01 earnings per share. The firm’s revenue was up 2.9% on a year-over-year basis. On average, equities analysts expect that Fidelity National Financial, Inc. will post 4.53 EPS for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.48 dividend. The ex-dividend date is Monday, September 16th. This represents a $1.92 annualized dividend and a yield of 3.14%. Fidelity National Financial’s payout ratio 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.