Horizon Kinetics Asset Management LLC Buys 15,100 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Horizon Kinetics Asset Management LLC boosted its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 35.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,071 shares of the financial services provider’s stock after purchasing an additional 15,100 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in Fidelity National Financial were worth $3,604,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Capital Performance Advisors LLP acquired a new position in shares of Fidelity National Financial during the third quarter valued at about $32,000. Opal Wealth Advisors LLC acquired a new stake in shares of Fidelity National Financial during the 2nd quarter worth approximately $26,000. New Covenant Trust Company N.A. acquired a new stake in shares of Fidelity National Financial during the 1st quarter worth approximately $30,000. UMB Bank n.a. increased its position in shares of Fidelity National Financial by 280.6% during the third quarter. UMB Bank n.a. now owns 685 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 505 shares during the period. Finally, Larson Financial Group LLC raised its stake in shares of Fidelity National Financial by 141.1% in the third quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 402 shares in the last quarter. 81.17% of the stock is owned by institutional investors.

Fidelity National Financial Stock Performance

NYSE FNF opened at $61.94 on Monday. The firm has a market cap of $16.95 billion, a price-to-earnings ratio of 22.52 and a beta of 1.37. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a 1-year low of $44.10 and a 1-year high of $62.97. The company has a 50 day moving average of $60.66 and a 200-day moving average of $55.78.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The company’s revenue for the quarter was up 29.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.23 earnings per share. On average, equities analysts forecast that Fidelity National Financial, Inc. will post 4.5 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The business 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 dividend of $0.50 per share. 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. This represents a $2.00 annualized dividend and a yield of 3.23%. Fidelity National Financial’s dividend payout ratio is 69.82%.

Analyst Ratings Changes

A number of research firms have weighed in on FNF. Truist Financial lifted their price target on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Stephens reissued an “overweight” rating and issued a $63.00 target price on shares of Fidelity National Financial in a research note on Thursday, August 15th. Keefe, Bruyette & Woods raised 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 note on Wednesday, September 4th. Barclays upped their price objective on Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on 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 issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $63.60.

Insider Buying and Selling

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the stock in a transaction on Wednesday, September 18th. The stock was 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 in the company, valued at approximately $803,585.10. This trade represents a 11.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.20% of the stock is owned by corporate 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.