Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Atria Investments Inc

Atria Investments Inc reduced its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 8.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 27,140 shares of the financial services provider’s stock after selling 2,361 shares during the quarter. Atria Investments Inc’s holdings in Fidelity National Financial were worth $1,684,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC bought a new position in shares of Fidelity National Financial during the 2nd quarter valued at about $26,000. New Covenant Trust Company N.A. acquired a new position in Fidelity National Financial during the first quarter valued at $30,000. Covestor Ltd lifted its position in shares of Fidelity National Financial by 109.0% in the first quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 303 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in Fidelity National Financial in the 3rd quarter worth approximately $32,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Fidelity National Financial during the second quarter worth $35,000. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Performance

FNF stock opened at $60.71 on Friday. The stock has a market capitalization of $16.61 billion, a PE ratio of 22.28 and a beta of 1.37. Fidelity National Financial, Inc. has a fifty-two week low of $43.97 and a fifty-two week high of $62.97. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The company has a 50 day moving average price of $60.44 and a 200 day moving average price of $55.31.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the previous year, the business posted $1.23 earnings per share. Fidelity National Financial’s revenue was up 29.7% compared to the same quarter last year. Analysts forecast that Fidelity National Financial, Inc. will post 4.5 EPS for the current year.

Fidelity National Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.29%. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Tuesday, December 17th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 69.82%.

Analyst Upgrades and Downgrades

FNF has been the subject of a number of analyst reports. Keefe, Bruyette & Woods lifted their target price on shares of 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. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Stephens restated an “overweight” rating and issued a $63.00 target price on shares of Fidelity National Financial in a research note on Thursday, August 15th. 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 research note on Tuesday, October 8th. Finally, Truist Financial lifted their price objective on Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a report on Monday, November 11th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $63.60.

Insider Buying and Selling

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 value of $103,445.00. Following the completion of the transaction, the director now owns 13,206 shares of the company’s stock, valued at $803,585.10. This trade represents a 11.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 5.20% of the stock is owned by insiders.

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.