Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. lowered its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 11.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 665,000 shares of the financial services provider’s stock after selling 90,000 shares during the quarter. Fidelity National Financial accounts for 1.5% of Schwartz Investment Counsel Inc.’s holdings, making the stock its 27th biggest position. Schwartz Investment Counsel Inc.’s holdings in Fidelity National Financial were worth $41,270,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FNF. Opal Wealth Advisors LLC acquired a new stake in Fidelity National Financial during the second quarter valued at $26,000. New Covenant Trust Company N.A. acquired a new stake in Fidelity National Financial during the first quarter valued at $30,000. Covestor Ltd grew its position in Fidelity National Financial by 109.0% during the first quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock valued at $31,000 after buying an additional 303 shares during the period. Salomon & Ludwin LLC grew its position in Fidelity National Financial by 231.0% during the first quarter. Salomon & Ludwin LLC now owns 609 shares of the financial services provider’s stock valued at $32,000 after buying an additional 425 shares during the period. Finally, MCF Advisors LLC grew its position in Fidelity National Financial by 116.0% during the first quarter. MCF Advisors LLC now owns 674 shares of the financial services provider’s stock valued at $36,000 after buying an additional 362 shares during the period. Institutional investors and hedge funds own 81.17% of the company’s stock.

Insider Transactions at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of the firm’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 transaction, the director now directly owns 13,206 shares of the company’s stock, valued at approximately $803,585.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 5.20% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Truist Financial raised their price target on shares of Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods raised their price target 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. StockNews.com downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft increased their price objective 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, Barclays increased their price objective on shares of Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $62.40.

Fidelity National Financial Stock Performance

FNF opened at $60.61 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. The company has a market cap of $16.56 billion, a price-to-earnings ratio of 19.94 and a beta of 1.36. Fidelity National Financial, Inc. has a 52-week low of $37.21 and a 52-week high of $62.97. The firm’s fifty day simple moving average is $59.81 and its two-hundred day simple moving average is $54.15.

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). The business had revenue of $3.16 billion during 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 business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.01 earnings per share. Equities analysts anticipate that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.17%. The ex-dividend date was Monday, September 16th. Fidelity National Financial’s dividend payout ratio is currently 63.16%.

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.