Kestra Investment Management LLC Makes New Investment in Fidelity National Financial, Inc. (NYSE:FNF)

Kestra Investment Management LLC purchased a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 666 shares of the financial services provider’s stock, valued at approximately $37,000.

Several other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Fidelity National Financial by 3.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,025,159 shares of the financial services provider’s stock valued at $498,041,000 after buying an additional 289,962 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Fidelity National Financial by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,462,837 shares of the financial services provider’s stock valued at $276,343,000 after buying an additional 69,643 shares during the last quarter. AustralianSuper Pty Ltd lifted its holdings in shares of Fidelity National Financial by 0.9% during the 4th quarter. AustralianSuper Pty Ltd now owns 1,849,429 shares of the financial services provider’s stock valued at $103,827,000 after buying an additional 15,664 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Fidelity National Financial by 3.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,530,424 shares of the financial services provider’s stock valued at $94,978,000 after buying an additional 57,316 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of Fidelity National Financial by 11.4% during the 3rd quarter. FMR LLC now owns 872,017 shares of the financial services provider’s stock valued at $54,117,000 after buying an additional 89,031 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Truist Financial lifted 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. Keefe, Bruyette & Woods reduced their target price 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. Finally, Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and boosted their target price 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, Fidelity National Financial currently has an average rating of “Moderate Buy” and an average price target of $66.40.

Fidelity National Financial Stock Up 3.4 %

FNF opened at $59.50 on Friday. The business has a 50 day moving average price of $57.25 and a 200 day moving average price of $59.00. Fidelity National Financial, Inc. has a twelve month low of $46.85 and a twelve month high of $64.83. 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 firm has a market cap of $16.28 billion, a P/E ratio of 12.80 and a beta of 1.39.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, topping the consensus estimate of $1.23 by $0.11. The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.33 billion. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. During the same period in the previous year, the business 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 firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend is Monday, March 17th. Fidelity National Financial’s dividend payout ratio is currently 43.01%.

Insiders Place Their Bets

In other news, Director Halim Dhanidina sold 2,800 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $54.85, for a total transaction of $153,580.00. Following the sale, the director now directly owns 16,716 shares in the company, valued at approximately $916,872.60. The trade was a 14.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Sandra Douglass Morgan sold 2,092 shares of the business’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total value of $117,842.36. Following the sale, the director now owns 32,386 shares in the company, valued at approximately $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. Company insiders own 5.20% of the company’s stock.

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.