17,728 Shares in Fidelity National Financial, Inc. (NYSE:FNF) Bought by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC purchased a new position in Fidelity National Financial, Inc. (NYSE:FNF) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 17,728 shares of the financial services provider’s stock, valued at approximately $995,000.

Several other hedge funds have also bought and sold shares of the stock. Commerce Bank lifted its stake in Fidelity National Financial by 3.5% in the 3rd quarter. Commerce Bank now owns 5,991 shares of the financial services provider’s stock worth $372,000 after purchasing an additional 200 shares in the last quarter. Chesley Taft & Associates LLC lifted its stake in Fidelity National Financial by 1.2% in the 4th quarter. Chesley Taft & Associates LLC now owns 16,686 shares of the financial services provider’s stock worth $937,000 after purchasing an additional 200 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in Fidelity National Financial by 0.3% in the 4th quarter. Louisiana State Employees Retirement System now owns 72,200 shares of the financial services provider’s stock worth $4,053,000 after purchasing an additional 200 shares in the last quarter. Essex Financial Services Inc. lifted its stake in Fidelity National Financial by 5.3% in the 4th quarter. Essex Financial Services Inc. now owns 4,206 shares of the financial services provider’s stock worth $236,000 after purchasing an additional 211 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in Fidelity National Financial by 32.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 878 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 216 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Performance

Fidelity National Financial stock opened at $60.95 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. Fidelity National Financial, Inc. has a 1-year low of $46.85 and a 1-year high of $64.83. The firm has a market capitalization of $16.68 billion, a P/E ratio of 13.11 and a beta of 1.39. The company’s 50-day moving average is $57.31 and its 200 day moving average is $59.15.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same period in the prior year, the company posted $0.75 EPS. Research analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend is Monday, March 17th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 43.01%.

Wall Street Analyst Weigh In

Several brokerages have commented on FNF. Truist Financial boosted 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. Keefe, Bruyette & Woods decreased their target price on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 8th. Barclays upped their target price on shares of Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a research report on Monday. Stephens upped their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday. Finally, StockNews.com upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating in a research report on Monday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Fidelity National Financial has an average rating of “Moderate Buy” and a consensus price target of $70.40.

Insider Buying and Selling

In other Fidelity National Financial news, Director Sandra Douglass Morgan sold 2,092 shares of the company’s stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total value of $117,842.36. Following the transaction, the director now directly owns 32,386 shares in the company, valued at $1,824,303.38. This represents a 6.07 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Halim Dhanidina sold 2,800 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $54.85, for a total transaction of $153,580.00. Following the completion of the transaction, the director now owns 16,716 shares in the company, valued at $916,872.60. This represents a 14.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by corporate insiders.

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.