Edgestream Partners L.P. Raises Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Edgestream Partners L.P. increased its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 2.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,237 shares of the financial services provider’s stock after purchasing an additional 3,692 shares during the quarter. Fidelity National Financial accounts for 0.4% of Edgestream Partners L.P.’s investment portfolio, making the stock its 16th largest position. Edgestream Partners L.P.’s holdings in Fidelity National Financial were worth $8,765,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Cetera Investment Advisers boosted its position in Fidelity National Financial by 117.9% during the first quarter. Cetera Investment Advisers now owns 44,417 shares of the financial services provider’s stock worth $2,359,000 after purchasing an additional 24,034 shares in the last quarter. M&G Plc acquired a new position in shares of Fidelity National Financial during the 2nd quarter worth $629,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Fidelity National Financial by 61.0% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 49,707 shares of the financial services provider’s stock worth $2,457,000 after buying an additional 18,838 shares in the last quarter. Wedge Capital Management L L P NC grew its stake in Fidelity National Financial by 10.8% in the 2nd quarter. Wedge Capital Management L L P NC now owns 851,810 shares of the financial services provider’s stock valued at $42,096,000 after acquiring an additional 82,982 shares during the last quarter. Finally, Cyndeo Wealth Partners LLC grew its stake in Fidelity National Financial by 8.0% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 116,894 shares of the financial services provider’s stock valued at $7,254,000 after acquiring an additional 8,618 shares during the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on FNF shares. Truist Financial lifted their target price on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Stephens reaffirmed an “overweight” rating and issued a $63.00 target price on shares of Fidelity National Financial in a research note on Thursday, August 15th. Keefe, Bruyette & Woods raised their price target on Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 4th. Barclays upped their price objective on Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $63.60.

Fidelity National Financial Trading Down 0.2 %

Shares of Fidelity National Financial stock opened at $63.39 on Friday. Fidelity National Financial, Inc. has a fifty-two week low of $44.39 and a fifty-two week high of $64.83. The business’s fifty day moving average is $60.92 and its two-hundred day moving average is $56.13. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The firm has a market cap of $17.35 billion, a PE ratio of 23.05 and a beta of 1.37.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.11). Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same quarter last year, the company posted $1.23 earnings per share. The business’s quarterly revenue was up 29.7% compared to the same quarter last year. Analysts anticipate that Fidelity National Financial, Inc. will post 4.5 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.50 per share. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Tuesday, December 17th. Fidelity National Financial’s dividend payout ratio is presently 69.82%.

Insider Activity at Fidelity National Financial

In related news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total value of $103,445.00. Following the transaction, the director now owns 13,206 shares in the company, valued at approximately $803,585.10. This trade represents a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.20% of the stock is owned by insiders.

Fidelity National Financial Company 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.