Cwm LLC Sells 283 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Cwm LLC reduced its position in Fidelity National Financial, Inc. (NYSE:FNF) by 18.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,237 shares of the financial services provider’s stock after selling 283 shares during the period. Cwm LLC’s holdings in Fidelity National Financial were worth $45,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. boosted its stake in Fidelity National Financial by 3.1% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,348 shares of the financial services provider’s stock valued at $309,000 after acquiring an additional 250 shares in the last quarter. Lido Advisors LLC boosted its position in shares of Fidelity National Financial by 3.3% in the 1st quarter. Lido Advisors LLC now owns 7,938 shares of the financial services provider’s stock worth $387,000 after purchasing an additional 257 shares in the last quarter. Sei Investments Co. grew its stake in Fidelity National Financial by 1.5% during the 1st quarter. Sei Investments Co. now owns 19,176 shares of the financial services provider’s stock worth $938,000 after buying an additional 287 shares during the last quarter. Alps Advisors Inc. increased its position in Fidelity National Financial by 3.9% during the 4th quarter. Alps Advisors Inc. now owns 8,083 shares of the financial services provider’s stock valued at $304,000 after buying an additional 303 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in Fidelity National Financial by 0.9% in the second quarter. Janney Montgomery Scott LLC now owns 34,625 shares of the financial services provider’s stock valued at $1,247,000 after buying an additional 315 shares during the last quarter. Hedge funds and other institutional investors own 77.16% of the company’s stock.

Fidelity National Financial Stock Up 0.7 %

NYSE:FNF opened at $43.94 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.19 and a quick ratio of 0.19. The company’s fifty day moving average price is $40.78 and its 200-day moving average price is $38.25. Fidelity National Financial, Inc. has a 1-year low of $31.84 and a 1-year high of $45.51. The firm has a market capitalization of $11.96 billion, a P/E ratio of 18.23 and a beta of 1.29.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Tuesday, November 7th. The financial services provider reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.10. The company had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.84 billion. Fidelity National Financial had a return on equity of 15.99% and a net margin of 6.01%. The firm’s revenue for the quarter was down 13.3% compared to the same quarter last year. During the same period last year, the firm earned $1.07 EPS. As a group, equities research analysts anticipate that Fidelity National Financial, Inc. will post 3.69 EPS for the current year.

Fidelity National Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.48 per share. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.45. This represents a $1.92 annualized dividend and a yield of 4.37%. The ex-dividend date of this dividend is Thursday, December 14th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 74.69%.

Insider Buying and Selling at Fidelity National Financial

In other news, CEO Michael Joseph Nolan sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $43.12, for a total transaction of $1,293,600.00. Following the sale, the chief executive officer now owns 354,786 shares of the company’s stock, valued at approximately $15,298,372.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FNF. Truist Financial boosted their price target on Fidelity National Financial from $52.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday. Stephens restated an “overweight” rating and set a $48.00 price target on shares of Fidelity National Financial in a research note on Thursday, August 17th. Keefe, Bruyette & Woods downgraded shares of Fidelity National Financial from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $45.00 to $43.00 in a research note on Monday, October 2nd. TheStreet raised Fidelity National Financial from a “c+” rating to a “b” rating in a research report on Wednesday, August 9th. Finally, StockNews.com began coverage on Fidelity National Financial in a research report on Thursday, October 5th. They set a “hold” rating for the company. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $47.33.

About Fidelity National Financial

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.