Ascent Group LLC Sells 3,192 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Ascent Group LLC cut its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 9.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,430 shares of the financial services provider’s stock after selling 3,192 shares during the period. Ascent Group LLC’s holdings in Fidelity National Financial were worth $1,603,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of FNF. Gilbert & Cook Inc. grew its stake in shares of Fidelity National Financial by 5.0% during the 4th quarter. Gilbert & Cook Inc. now owns 6,118 shares of the financial services provider’s stock valued at $312,000 after acquiring an additional 293 shares during the period. Orion Portfolio Solutions LLC boosted its position in shares of Fidelity National Financial by 59.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 19,126 shares of the financial services provider’s stock worth $941,000 after purchasing an additional 7,156 shares during the period. TD Asset Management Inc increased its stake in shares of Fidelity National Financial by 26.7% in the fourth quarter. TD Asset Management Inc now owns 42,790 shares of the financial services provider’s stock worth $2,183,000 after purchasing an additional 9,023 shares in the last quarter. Stifel Financial Corp raised its position in shares of Fidelity National Financial by 3.5% during the 4th quarter. Stifel Financial Corp now owns 96,199 shares of the financial services provider’s stock valued at $4,908,000 after purchasing an additional 3,252 shares during the period. Finally, Treasurer of the State of North Carolina raised its position in shares of Fidelity National Financial by 0.8% during the 4th quarter. Treasurer of the State of North Carolina now owns 162,850 shares of the financial services provider’s stock valued at $8,309,000 after purchasing an additional 1,323 shares during the period. Institutional investors own 81.17% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Stephens reaffirmed an “overweight” rating and issued a $63.00 target price on shares of Fidelity National Financial in a report on Thursday, August 15th. StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. 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 note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft upped their price target on Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a research report on Wednesday, September 4th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $61.80.

Fidelity National Financial Trading Up 1.3 %

Shares of FNF stock opened at $61.12 on Monday. 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 stock has a market capitalization of $16.70 billion, a price-to-earnings ratio of 20.11 and a beta of 1.36. Fidelity National Financial, Inc. has a 12-month low of $37.10 and a 12-month high of $62.00. The stock’s 50-day moving average price is $57.53 and its 200-day moving average price is $52.97.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.03). The firm had revenue of $3.16 billion for the quarter, compared to analysts’ expectations of $3.20 billion. Fidelity National Financial had a return on equity of 14.48% and a net margin of 7.19%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the company earned $1.01 earnings per share. Equities research analysts predict that Fidelity National Financial, Inc. will post 4.53 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.92 annualized dividend and a yield of 3.14%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 63.16%.

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 value of $103,445.00. Following the sale, the director now directly owns 13,206 shares in the company, valued at approximately $803,585.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 5.20% of the stock is owned by company insiders.

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.