Kestra Private Wealth Services LLC Increases Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Kestra Private Wealth Services LLC increased its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 52.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 13,585 shares of the financial services provider’s stock after acquiring an additional 4,697 shares during the period. Kestra Private Wealth Services LLC’s holdings in Fidelity National Financial were worth $693,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Baystate Wealth Management LLC lifted its stake in Fidelity National Financial by 5,300.0% in the 3rd quarter. Baystate Wealth Management LLC now owns 594 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 583 shares in the last quarter. VisionPoint Advisory Group LLC lifted its position in shares of Fidelity National Financial by 107.0% in the third quarter. VisionPoint Advisory Group LLC now owns 737 shares of the financial services provider’s stock worth $30,000 after buying an additional 381 shares in the last quarter. Authentikos Wealth Advisory LLC purchased a new stake in shares of Fidelity National Financial in the third quarter worth about $41,000. Orion Capital Management LLC bought a new position in Fidelity National Financial during the third quarter valued at approximately $51,000. Finally, SRS Capital Advisors Inc. grew its holdings in Fidelity National Financial by 57.9% during the 3rd quarter. SRS Capital Advisors Inc. now owns 1,415 shares of the financial services provider’s stock valued at $58,000 after buying an additional 519 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 3,000 shares of the stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $50.64, for a total value of $151,920.00. Following the sale, the director now directly owns 14,906 shares in the company, valued at $754,839.84. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Halim Dhanidina sold 3,000 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $50.64, for a total value of $151,920.00. Following the transaction, the director now owns 14,906 shares of the company’s stock, valued at approximately $754,839.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Cary H. Thompson sold 23,410 shares of Fidelity National Financial stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $51.11, for a total transaction of $1,196,485.10. Following the sale, the director now owns 40,317 shares of the company’s stock, valued at approximately $2,060,601.87. The disclosure for this sale can be found here. Company insiders own 5.40% of the company’s stock.

Wall Street Analysts Forecast Growth

FNF has been the topic of several recent research reports. Truist Financial upped their price objective on Fidelity National Financial from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, February 23rd. Barclays upped their price target on shares of Fidelity National Financial from $52.00 to $56.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft started coverage on shares of Fidelity National Financial in a research report on Wednesday, January 10th. They set a “hold” rating for the company. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Fidelity National Financial from $54.00 to $56.00 and gave the stock a “market perform” rating in a report on Thursday, March 21st. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Fidelity National Financial has an average rating of “Hold” and a consensus price target of $54.20.

Fidelity National Financial Stock Performance

NYSE:FNF opened at $51.52 on Monday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.21 and a current ratio of 0.21. The stock’s fifty day moving average is $50.57 and its 200 day moving average is $48.31. The firm has a market capitalization of $14.08 billion, a PE ratio of 26.97 and a beta of 1.33. Fidelity National Financial, Inc. has a fifty-two week low of $32.02 and a fifty-two week high of $53.96.

Fidelity National Financial (NYSE:FNF) last announced its earnings results on Wednesday, February 21st. The financial services provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.27). The firm had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $2.80 billion. Fidelity National Financial had a net margin of 4.40% and a return on equity of 13.91%. During the same period in the prior year, the company posted $1.06 EPS. On average, sell-side analysts anticipate that Fidelity National Financial, Inc. will post 4.83 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend was Thursday, March 14th. Fidelity National Financial’s payout ratio is currently 100.52%.

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.