Benjamin Edwards Inc. Has $4 Million Stake in Fidelity National Financial, Inc. $FNF

Benjamin Edwards Inc. lifted its position in Fidelity National Financial, Inc. (NYSE:FNF) by 17.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,095 shares of the financial services provider’s stock after buying an additional 10,007 shares during the quarter. Benjamin Edwards Inc.’s holdings in Fidelity National Financial were worth $3,998,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. increased its holdings in shares of Fidelity National Financial by 4,545.5% during the 2nd quarter. Blue Trust Inc. now owns 511 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 500 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in Fidelity National Financial during the second quarter worth about $29,000. Mather Group LLC. acquired a new stake in Fidelity National Financial during the third quarter worth about $29,000. Headlands Technologies LLC bought a new position in Fidelity National Financial during the second quarter valued at about $32,000. Finally, Capital A Wealth Management LLC raised its holdings in Fidelity National Financial by 7,244.4% in the 2nd quarter. Capital A Wealth Management LLC now owns 661 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 652 shares in the last quarter. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Down 0.1%

Shares of Fidelity National Financial stock opened at $54.95 on Friday. The business’s 50 day simple moving average is $56.85 and its 200 day simple moving average is $57.38. Fidelity National Financial, Inc. has a 52-week low of $50.61 and a 52-week high of $66.72. The firm has a market cap of $15.45 billion, a PE ratio of 13.25 and a beta of 1.00. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.25 and a current ratio of 0.25.

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. Fidelity National Financial had a net margin of 8.34% and a return on equity of 15.06%. The business had revenue of $3.17 billion during the quarter. On average, analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Wednesday, December 17th. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.50. Fidelity National Financial’s dividend payout ratio is 50.12%.

Insider Buying and Selling

In other Fidelity National Financial news, Director Daniel D. Lane sold 6,367 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $57.63, for a total value of $366,930.21. Following the completion of the transaction, the director directly owned 276,308 shares in the company, valued at approximately $15,923,630.04. This represents a 2.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Halim Dhanidina sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $55.90, for a total transaction of $335,400.00. Following the completion of the transaction, the director owned 13,186 shares in the company, valued at $737,097.40. This trade represents a 31.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. National Bankshares set a $63.00 target price on shares of Fidelity National Financial in a research note on Tuesday. Barclays dropped their target price on Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating for the company in a report on Tuesday, January 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Fidelity National Financial in a research note on Monday, December 29th. Stephens initiated coverage on Fidelity National Financial in a research report on Friday, November 14th. They issued an “overweight” rating on the stock. Finally, Wall Street Zen lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Saturday. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Fidelity National Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.25.

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.