Hancock Whitney Corp Lowers Position in Fidelity National Financial, Inc. (NYSE:FNF)

Hancock Whitney Corp lessened its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 16.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,258 shares of the financial services provider’s stock after selling 7,275 shares during the quarter. Hancock Whitney Corp’s holdings in Fidelity National Financial were worth $2,374,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Independent Advisor Alliance bought a new stake in Fidelity National Financial during the third quarter valued at approximately $208,000. Daiwa Securities Group Inc. increased its holdings in shares of Fidelity National Financial by 9.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 19,596 shares of the financial services provider’s stock worth $1,216,000 after buying an additional 1,700 shares during the last quarter. Capital Investment Counsel LLC raised its position in shares of Fidelity National Financial by 0.7% during the 3rd quarter. Capital Investment Counsel LLC now owns 76,793 shares of the financial services provider’s stock valued at $4,766,000 after buying an additional 513 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Fidelity National Financial by 141.1% during the 3rd quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 402 shares during the last quarter. Finally, Swedbank AB grew its position in Fidelity National Financial by 25.1% in the third quarter. Swedbank AB now owns 42,375 shares of the financial services provider’s stock worth $2,630,000 after acquiring an additional 8,511 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

Shares of Fidelity National Financial stock opened at $63.83 on Tuesday. 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 one year low of $44.10 and a one year high of $64.83. The business’s 50 day simple moving average is $60.72 and its two-hundred day simple moving average is $55.86. The stock has a market capitalization of $17.47 billion, a P/E ratio of 23.21 and a beta of 1.37.

Fidelity National Financial (NYSE:FNF) last issued its 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). The firm had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The firm’s quarterly revenue was up 29.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.23 earnings per share. Analysts forecast that Fidelity National Financial, Inc. will post 4.5 EPS for the current year.

Fidelity National Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.13%. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Tuesday, December 17th. Fidelity National Financial’s dividend payout ratio is 69.82%.

Insider Transactions at Fidelity National Financial

In related news, Director Halim Dhanidina sold 1,700 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total value of $103,445.00. Following the completion of the sale, the director now owns 13,206 shares of the company’s stock, valued at $803,585.10. This trade represents a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 5.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Barclays raised their price target on 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 boosted their target price on Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods increased their price target on shares of Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a research report on Wednesday, September 4th. Truist Financial boosted their price objective on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Stephens reaffirmed an “overweight” rating and issued a $63.00 price objective on shares of Fidelity National Financial in a research note on Thursday, August 15th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $63.60.

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.