Belpointe Asset Management LLC Raises Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Belpointe Asset Management LLC lifted its stake in Fidelity National Financial, Inc. (NYSE:FNFFree Report) by 41.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,857 shares of the financial services provider’s stock after buying an additional 2,284 shares during the period. Belpointe Asset Management LLC’s holdings in Fidelity National Financial were worth $401,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. VisionPoint Advisory Group LLC grew its holdings in shares of Fidelity National Financial by 107.0% during the third quarter. VisionPoint Advisory Group LLC now owns 737 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 381 shares during the last quarter. Atlantic Edge Private Wealth Management LLC acquired a new position in Fidelity National Financial during the fourth quarter worth approximately $44,000. Orion Capital Management LLC acquired a new position in Fidelity National Financial during the third quarter worth approximately $51,000. SRS Capital Advisors Inc. lifted its stake in Fidelity National Financial by 57.9% in the third 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 during the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in shares of Fidelity National Financial in the third quarter valued at approximately $63,000. 81.17% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Halim Dhanidina sold 3,000 shares of the 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 completion of the transaction, the director now owns 14,906 shares in the company, valued at approximately $754,839.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Anthony Park sold 85,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $50.82, for a total transaction of $4,319,700.00. Following the sale, the chief financial officer now owns 99,049 shares of the company’s stock, valued at approximately $5,033,670.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Halim Dhanidina sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $50.64, for a total value of $151,920.00. Following the completion of the transaction, the director now directly owns 14,906 shares of the company’s stock, valued at $754,839.84. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on FNF. Truist Financial upped their price target on shares of Fidelity National Financial from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Keefe, Bruyette & Woods decreased their target price on shares of Fidelity National Financial from $56.00 to $55.00 and set a “market perform” rating for the company in a research note on Monday, May 13th. Stephens boosted their price target on Fidelity National Financial from $59.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, May 10th. Finally, Barclays increased their price objective on Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Fidelity National Financial presently has a consensus rating of “Hold” and an average price target of $55.80.

Get Our Latest Analysis on Fidelity National Financial

Fidelity National Financial Trading Down 0.9 %

NYSE FNF opened at $49.71 on Friday. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $13.58 billion, a P/E ratio of 16.35 and a beta of 1.35. Fidelity National Financial, Inc. has a 52-week low of $33.61 and a 52-week high of $53.96. The firm has a 50-day moving average price of $50.79 and a 200 day moving average price of $49.90.

Fidelity National Financial (NYSE:FNFGet Free Report) last issued its earnings results on Wednesday, May 8th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.08). Fidelity National Financial had a return on equity of 14.24% and a net margin of 6.55%. The business had revenue of $3.30 billion for the quarter, compared to analysts’ expectations of $2.72 billion. During the same period last year, the company posted $0.52 earnings per share. The business’s quarterly revenue was up 33.3% on a year-over-year basis. Equities research analysts expect that Fidelity National Financial, Inc. will post 4.67 EPS for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date is Friday, June 14th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 63.16%.

About Fidelity National Financial

(Free Report)

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.

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Institutional Ownership by Quarter for Fidelity National Financial (NYSE:FNF)

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