Freedom Day Solutions LLC Takes Position in Fidelity National Financial, Inc. (NYSE:FNF)

Freedom Day Solutions LLC bought a new position in Fidelity National Financial, Inc. (NYSE:FNF) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 3,467 shares of the financial services provider’s stock, valued at approximately $215,000.

A number of other hedge funds have also recently made changes to their positions in FNF. Wellington Management Group LLP lifted its holdings in Fidelity National Financial by 45.3% in the 4th quarter. Wellington Management Group LLP now owns 38,396 shares of the financial services provider’s stock worth $1,959,000 after purchasing an additional 11,978 shares in the last quarter. Atlas Capital Advisors LLC boosted its position in shares of Fidelity National Financial by 791.5% during the first quarter. Atlas Capital Advisors LLC now owns 1,266 shares of the financial services provider’s stock worth $67,000 after acquiring an additional 1,124 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Fidelity National Financial by 3.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 19,819 shares of the financial services provider’s stock worth $1,052,000 after acquiring an additional 625 shares during the last quarter. MCF Advisors LLC grew its stake 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 acquiring an additional 362 shares in the last quarter. Finally, Iron Horse Wealth Management LLC increased its holdings in Fidelity National Financial by 1,254.3% in the 1st quarter. Iron Horse Wealth Management LLC now owns 3,765 shares of the financial services provider’s stock valued at $200,000 after acquiring an additional 3,487 shares during the last quarter. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Performance

NYSE FNF opened at $60.61 on Friday. The business’s 50 day moving average price is $59.81 and its 200-day moving average price is $54.15. Fidelity National Financial, Inc. has a fifty-two week low of $37.21 and a fifty-two week high of $62.97. The company has a market cap of $16.56 billion, a P/E ratio of 19.94 and a beta of 1.36. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.23 and a current ratio of 0.23.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share 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 for the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter last year, the firm earned $1.01 EPS. The company’s revenue was up 2.9% on a year-over-year basis. Sell-side analysts predict that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current 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 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 dividend yield of 3.17%. Fidelity National Financial’s payout ratio is 63.16%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on FNF shares. StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Deutsche Bank Aktiengesellschaft lifted their price objective on Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research note on Wednesday, August 7th. Stephens reiterated an “overweight” rating and set a $63.00 target price on shares of Fidelity National Financial in a research report on Thursday, August 15th. Keefe, Bruyette & Woods boosted their price target 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. Finally, Truist Financial increased 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 report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s 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.

Insiders Place Their Bets

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the business’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 completion of the sale, the director now directly owns 13,206 shares of the company’s stock, valued at $803,585.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.