Cetera Investment Advisers Purchases 584 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Cetera Investment Advisers lifted its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 1.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,001 shares of the financial services provider’s stock after purchasing an additional 584 shares during the period. Cetera Investment Advisers’ holdings in Fidelity National Financial were worth $2,224,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new stake in Fidelity National Financial during the 2nd quarter worth approximately $26,000. V Square Quantitative Management LLC bought a new stake in shares of Fidelity National Financial in the fourth quarter worth $27,000. New Covenant Trust Company N.A. acquired a new stake in Fidelity National Financial in the first quarter valued at $30,000. Mather Group LLC. bought a new position in Fidelity National Financial during the 1st quarter worth $31,000. Finally, Covestor Ltd lifted its holdings in Fidelity National Financial by 109.0% during the 1st quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock worth $31,000 after buying an additional 303 shares during the period. Institutional investors and hedge funds own 81.17% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on FNF. Keefe, Bruyette & Woods increased their price target on Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a research note on Wednesday, September 4th. Barclays raised their price target 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. Truist Financial upped their price objective on shares of Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Stephens reissued an “overweight” rating and set a $63.00 target price on shares of Fidelity National Financial in a research note on Thursday, August 15th. Finally, StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Fidelity National Financial currently has a consensus rating of “Hold” and an average price target of $62.40.

Fidelity National Financial Stock Performance

NYSE:FNF opened at $60.49 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.52. Fidelity National Financial, Inc. has a twelve month low of $37.10 and a twelve month high of $62.11. The company has a fifty day moving average of $58.72 and a 200-day moving average of $53.65. The firm has a market capitalization of $16.54 billion, a P/E ratio of 18.06 and a beta of 1.36.

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 the consensus estimate 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 period last year, the firm posted $1.01 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Fidelity National Financial, Inc. will post 4.53 EPS for the current year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were issued a $0.48 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.92 annualized dividend and a yield of 3.17%. Fidelity National Financial’s payout ratio is currently 57.31%.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was 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 of the company’s stock, valued at $803,585.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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.