Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Eastover Investment Advisors LLC

Eastover Investment Advisors LLC decreased its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 124,937 shares of the financial services provider’s stock after selling 3,082 shares during the period. Fidelity National Financial accounts for approximately 3.3% of Eastover Investment Advisors LLC’s portfolio, making the stock its 14th biggest holding. Eastover Investment Advisors LLC’s holdings in Fidelity National Financial were worth $7,014,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new position in shares of Fidelity National Financial in the 3rd quarter valued at $32,000. Brooklyn Investment Group purchased a new position in Fidelity National Financial during the 3rd quarter worth $35,000. True Wealth Design LLC acquired a new position in Fidelity National Financial in the 3rd quarter valued at about $41,000. UMB Bank n.a. increased its holdings in shares of Fidelity National Financial by 280.6% in 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 increased its stake in Fidelity National Financial by 141.1% in the 3rd quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock valued at $43,000 after buying an additional 402 shares during the period. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Insider Transactions at Fidelity National Financial

In related news, Director Sandra Douglass Morgan sold 2,092 shares of Fidelity National Financial stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the completion of the sale, the director now owns 32,386 shares in the company, valued at approximately $1,824,303.38. This trade represents a 6.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.20% of the company’s stock.

Wall Street Analysts Forecast Growth

FNF has been the topic of several analyst reports. Barclays lifted their target price 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. Keefe, Bruyette & Woods cut their target price on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a research note on Wednesday, January 8th. Truist Financial raised their price target on Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and upped their price objective for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.40.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $54.23 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. The stock has a market cap of $14.84 billion, a PE ratio of 19.72 and a beta of 1.38. Fidelity National Financial, Inc. has a 1 year low of $46.85 and a 1 year high of $64.83. The stock has a fifty day moving average price of $59.33 and a 200 day moving average price of $57.89.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.11). Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The business had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.32 billion. During the same quarter in the prior year, the firm earned $1.23 earnings per share. Fidelity National Financial’s quarterly revenue was up 29.7% on a year-over-year basis. Sell-side analysts forecast that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.69%. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Tuesday, December 17th. Fidelity National Financial’s dividend payout ratio (DPR) is 72.73%.

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.