Chesley Taft & Associates LLC Acquires 200 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Chesley Taft & Associates LLC boosted its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 1.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,686 shares of the financial services provider’s stock after purchasing an additional 200 shares during the period. Chesley Taft & Associates LLC’s holdings in Fidelity National Financial were worth $937,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Swedbank AB increased its stake in shares of Fidelity National Financial by 25.1% in the third quarter. Swedbank AB now owns 42,375 shares of the financial services provider’s stock valued at $2,630,000 after buying an additional 8,511 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in Fidelity National Financial by 61.0% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 49,707 shares of the financial services provider’s stock worth $2,457,000 after acquiring an additional 18,838 shares during the last quarter. Horizon Kinetics Asset Management LLC increased its position in Fidelity National Financial by 35.1% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 58,071 shares of the financial services provider’s stock valued at $3,604,000 after acquiring an additional 15,100 shares in the last quarter. Everence Capital Management Inc. acquired a new stake in Fidelity National Financial in the 4th quarter valued at about $621,000. Finally, Barclays PLC raised its stake in shares of Fidelity National Financial by 4.4% in the third quarter. Barclays PLC now owns 216,755 shares of the financial services provider’s stock worth $13,451,000 after acquiring an additional 9,146 shares during the last quarter. Institutional investors own 81.17% of the company’s stock.

Insider Buying and Selling at Fidelity National Financial

In other Fidelity National Financial news, Director Sandra Douglass Morgan sold 2,092 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the completion of the transaction, the director now owns 32,386 shares of the company’s stock, valued at $1,824,303.38. This represents a 6.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Halim Dhanidina sold 2,800 shares of the firm’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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

Fidelity National Financial Stock Performance

Shares of Fidelity National Financial stock opened at $58.78 on Wednesday. Fidelity National Financial, Inc. has a 52 week low of $46.85 and a 52 week 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 stock has a market capitalization of $16.09 billion, a price-to-earnings ratio of 21.38 and a beta of 1.38. The firm has a fifty day moving average of $58.96 and a two-hundred day moving average of $58.21.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.11). The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The company’s quarterly revenue was up 29.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.23 EPS. As a group, equities research analysts predict that Fidelity National Financial, Inc. will post 4.57 EPS for the current year.

Fidelity National Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.40%. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s payout ratio is currently 72.73%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FNF. Truist Financial raised their price target on shares of 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 lowered their target price on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a research note on Wednesday, January 8th. Barclays boosted their target price on Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and raised their price target for the company from $76.00 to $77.00 in a report on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $66.40.

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.