Legacy Capital Wealth Partners LLC Purchases 8,015 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Legacy Capital Wealth Partners LLC grew its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 76.9% during the third quarter, Holdings Channel.com reports. The firm owned 18,431 shares of the financial services provider’s stock after acquiring an additional 8,015 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in Fidelity National Financial were worth $1,144,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. ZWJ Investment Counsel Inc. raised its position in shares of Fidelity National Financial by 1.0% during the third quarter. ZWJ Investment Counsel Inc. now owns 19,740 shares of the financial services provider’s stock worth $1,225,000 after acquiring an additional 195 shares during the last quarter. Chesley Taft & Associates LLC raised its position in shares of Fidelity National Financial by 1.9% during the 2nd quarter. Chesley Taft & Associates LLC now owns 10,575 shares of the financial services provider’s stock valued at $523,000 after acquiring an additional 200 shares during the last quarter. Intech Investment Management LLC lifted its stake in shares of Fidelity National Financial by 1.3% in the 2nd quarter. Intech Investment Management LLC now owns 15,336 shares of the financial services provider’s stock valued at $758,000 after purchasing an additional 202 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Fidelity National Financial by 13.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 213 shares during the last quarter. Finally, Centennial Wealth Advisory LLC grew its stake in shares of Fidelity National Financial by 4.6% during the third quarter. Centennial Wealth Advisory LLC now owns 5,463 shares of the financial services provider’s stock worth $339,000 after purchasing an additional 239 shares during the period. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Truist Financial increased their price target on shares of Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Barclays upped their price objective on shares of Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft lifted their target price on Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Stephens restated an “overweight” rating and issued a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. Finally, StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $62.40.

Fidelity National Financial Trading Up 1.9 %

Shares of FNF stock opened at $60.23 on Friday. Fidelity National Financial, Inc. has a 12-month low of $43.11 and a 12-month high of $62.97. The company has a market capitalization of $16.47 billion, a PE ratio of 21.90 and a beta of 1.37. The firm has a 50 day moving average price of $60.30 and a two-hundred day moving average price of $55.03. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.52.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results 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 net margin of 5.57% and a return on equity of 14.23%. The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same quarter last year, the company posted $1.23 earnings per share. The company’s revenue was up 29.7% on a year-over-year basis. As a group, analysts predict that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be given a $0.50 dividend. The ex-dividend date is Tuesday, December 17th. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 3.32%. Fidelity National Financial’s payout ratio is presently 72.73%.

Insider Activity at Fidelity National Financial

In related news, Director Halim Dhanidina sold 1,700 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total transaction of $103,445.00. Following the completion of the transaction, the director now directly owns 13,206 shares in the company, valued at $803,585.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.20% of the stock is currently owned by 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.