Corient Private Wealth LLC Has $7.18 Million Stock Holdings in Fidelity National Financial, Inc. $FNF

Corient Private Wealth LLC boosted its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 25.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 127,991 shares of the financial services provider’s stock after buying an additional 26,342 shares during the quarter. Corient Private Wealth LLC’s holdings in Fidelity National Financial were worth $7,175,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of FNF. Norges Bank acquired a new position in shares of Fidelity National Financial in the second quarter worth $189,685,000. First Trust Advisors LP increased its position in Fidelity National Financial by 252.4% in the 2nd quarter. First Trust Advisors LP now owns 3,379,555 shares of the financial services provider’s stock worth $189,458,000 after purchasing an additional 2,420,421 shares during the last quarter. Millennium Management LLC increased its position in Fidelity National Financial by 93.3% in the 1st quarter. Millennium Management LLC now owns 3,764,086 shares of the financial services provider’s stock worth $244,967,000 after purchasing an additional 1,817,124 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Fidelity National Financial by 368.3% during the 2nd quarter. Alliancebernstein L.P. now owns 1,770,685 shares of the financial services provider’s stock worth $99,265,000 after purchasing an additional 1,392,560 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Fidelity National Financial by 44.7% during the 2nd quarter. AQR Capital Management LLC now owns 2,883,135 shares of the financial services provider’s stock valued at $161,629,000 after buying an additional 891,088 shares during the last quarter. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. National Bankshares set a $72.00 price objective on Fidelity National Financial in a report on Thursday. Keefe, Bruyette & Woods increased their price target on shares of Fidelity National Financial from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday. Barclays restated a “cautious” rating on shares of Fidelity National Financial in a report on Monday, October 6th. Stephens initiated coverage on shares of Fidelity National Financial in a report on Friday, November 14th. They issued an “overweight” rating for the company. Finally, Wall Street Zen upgraded Fidelity National Financial from a “hold” rating to a “buy” rating in a report on Saturday. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.00.

Insider Buying and Selling

In other news, Director Daniel D. Lane sold 6,367 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $57.63, for a total transaction of $366,930.21. Following the completion of the transaction, the director directly owned 276,308 shares in the company, valued at $15,923,630.04. The trade was a 2.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.50% of the stock is currently owned by corporate insiders.

Fidelity National Financial Price Performance

NYSE FNF opened at $55.85 on Friday. Fidelity National Financial, Inc. has a 1 year low of $50.61 and a 1 year high of $66.72. The company has a fifty day simple moving average of $57.11 and a 200 day simple moving average of $57.33. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.47. The company has a market cap of $15.14 billion, a P/E ratio of 12.99 and a beta of 1.01.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Thursday, July 13th. The financial services provider reported $0.76 earnings per share for the quarter. The firm had revenue of $3.17 billion during the quarter. Fidelity National Financial had a net margin of 8.34% and a return on equity of 15.06%. On average, sell-side analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th will be issued a $0.52 dividend. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a $2.08 dividend on an annualized basis and a yield of 3.7%. Fidelity National Financial’s payout ratio is 48.37%.

Fidelity National Financial Company Profile

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.