Avantax Advisory Services Inc. Acquires 789 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Avantax Advisory Services Inc. grew its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 38,494 shares of the financial services provider’s stock after buying an additional 789 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Fidelity National Financial were worth $2,161,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group bought a new position in shares of Fidelity National Financial during the third quarter valued at approximately $35,000. Parkside Financial Bank & Trust grew its stake in shares of Fidelity National Financial by 50.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock valued at $35,000 after buying an additional 209 shares during the last quarter. Kestra Investment Management LLC bought a new position in shares of Fidelity National Financial during the fourth quarter valued at approximately $37,000. True Wealth Design LLC bought a new position in shares of Fidelity National Financial during the third quarter valued at approximately $41,000. Finally, Larson Financial Group LLC grew its stake in shares of Fidelity National Financial by 141.1% during the third 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 last quarter. Institutional investors own 81.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on FNF shares. Stephens boosted their price target on Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, February 24th. Keefe, Bruyette & Woods lowered their price target on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a report on Wednesday, January 8th. Barclays upped their target price on Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and upped their target price for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Finally, StockNews.com lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.40.

Fidelity National Financial Stock Performance

Shares of FNF opened at $64.83 on Monday. Fidelity National Financial, Inc. has a 12 month low of $46.85 and a 12 month high of $65.65. The stock has a fifty day moving average price of $59.07 and a 200-day moving average price of $59.69. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The firm has a market cap of $17.83 billion, a PE ratio of 13.94 and a beta of 1.32.

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

Fidelity National Financial Announces Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend is Monday, March 17th. Fidelity National Financial’s payout ratio is 43.01%.

Insider Activity at Fidelity National Financial

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

Fidelity National Financial Company 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.