Raleigh Capital Management Inc. Sells 664 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Raleigh Capital Management Inc. reduced its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 16.3% in the third quarter, HoldingsChannel.com reports. The fund owned 3,413 shares of the financial services provider’s stock after selling 664 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Fidelity National Financial were worth $212,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in FNF. Opal Wealth Advisors LLC bought a new stake in shares of Fidelity National Financial during the 2nd quarter worth $26,000. New Covenant Trust Company N.A. bought a new stake in shares of Fidelity National Financial during the 1st quarter worth $30,000. Mather Group LLC. bought a new stake in shares of Fidelity National Financial during the 1st quarter worth $31,000. Covestor Ltd lifted its holdings in shares of 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 acquiring an additional 303 shares during the last quarter. Finally, Salomon & Ludwin LLC raised its position in Fidelity National Financial by 231.0% in the 1st 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 period. 81.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Truist Financial lifted their target price on shares of Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Keefe, Bruyette & Woods lifted their target price 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. Barclays lifted 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 research report on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Four investment 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, Fidelity National Financial currently has an average rating of “Hold” and an average price target of $62.40.

Fidelity National Financial Price Performance

FNF stock opened at $60.79 on Wednesday. The firm’s 50-day moving average price is $59.73 and its two-hundred day moving average price is $54.11. Fidelity National Financial, Inc. has a 12-month low of $37.10 and a 12-month high of $62.97. The stock has a market capitalization of $16.61 billion, a price-to-earnings ratio of 20.00 and a beta of 1.36. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.52.

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

Fidelity National Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend was Monday, September 16th. Fidelity National Financial’s payout ratio is 63.16%.

Insider Activity

In other news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial 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 sale, the director now owns 13,206 shares of the company’s stock, valued at approximately $803,585.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 5.20% of the company’s stock.

About Fidelity National Financial

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.