Net Worth Advisory Group Invests $365,000 in Fidelity National Financial, Inc. (NYSE:FNF)

Net Worth Advisory Group acquired a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,885 shares of the financial services provider’s stock, valued at approximately $365,000.

Several other institutional investors have also bought and sold shares of FNF. Vanguard Group Inc. increased its stake in shares of Fidelity National Financial by 2.8% during the first quarter. Vanguard Group Inc. now owns 26,875,738 shares of the financial services provider’s stock valued at $1,427,102,000 after acquiring an additional 728,768 shares during the period. Windacre Partnership LLC raised its stake in shares of Fidelity National Financial by 9.6% in the 1st quarter. Windacre Partnership LLC now owns 16,249,267 shares of the financial services provider’s stock worth $862,836,000 after buying an additional 1,424,767 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Fidelity National Financial by 8.5% in the second quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider’s stock valued at $404,332,000 after buying an additional 640,829 shares during the period. Cooke & Bieler LP boosted its stake in Fidelity National Financial by 3.2% during the second quarter. Cooke & Bieler LP now owns 5,937,596 shares of the financial services provider’s stock valued at $293,436,000 after buying an additional 184,078 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Fidelity National Financial by 2.3% during the second quarter. Dimensional Fund Advisors LP now owns 3,428,258 shares of the financial services provider’s stock worth $169,421,000 after acquiring an additional 77,118 shares during the period. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

Shares of NYSE:FNF opened at $62.16 on Friday. The firm has a market cap of $16.98 billion, a price-to-earnings ratio of 20.45 and a beta of 1.36. Fidelity National Financial, Inc. has a 1 year low of $37.10 and a 1 year high of $62.97. 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 business has a fifty day simple moving average of $59.50 and a 200 day simple moving average of $53.98.

Fidelity National Financial (NYSE:FNF) last posted 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 business had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the prior year, the firm earned $1.01 earnings per share. The business’s revenue was up 2.9% on a year-over-year basis. As a group, sell-side analysts predict that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business 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. This represents a $1.92 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend was Monday, September 16th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 63.16%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on FNF shares. Barclays raised their price objective on 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. Truist Financial boosted their price objective on Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Keefe, Bruyette & Woods raised 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 report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Finally, StockNews.com lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $62.40.

Insiders Place Their Bets

In other news, Director Halim Dhanidina sold 1,700 shares of the company’s 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 completion of the transaction, the director now owns 13,206 shares of the company’s stock, valued at approximately $803,585.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.20% of the company’s stock.

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.