Stifel Financial Corp Acquires 1,169 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Stifel Financial Corp increased its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 1.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 103,110 shares of the financial services provider’s stock after purchasing an additional 1,169 shares during the quarter. Stifel Financial Corp’s holdings in Fidelity National Financial were worth $6,399,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of FNF. SG Americas Securities LLC increased its stake in Fidelity National Financial by 31.1% during the 2nd quarter. SG Americas Securities LLC now owns 29,642 shares of the financial services provider’s stock worth $1,465,000 after purchasing an additional 7,033 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Fidelity National Financial by 5.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 20,880 shares of the financial services provider’s stock worth $1,032,000 after purchasing an additional 1,061 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Fidelity National Financial by 2.0% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 17,330 shares of the financial services provider’s stock worth $856,000 after acquiring an additional 342 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Fidelity National Financial by 294,200.0% during the 2nd quarter. Blue Trust Inc. now owns 5,886 shares of the financial services provider’s stock worth $313,000 after acquiring an additional 5,884 shares in the last quarter. Finally, Gradient Investments LLC grew its stake in shares of Fidelity National Financial by 1,143.0% during the 2nd quarter. Gradient Investments LLC now owns 1,852 shares of the financial services provider’s stock worth $92,000 after acquiring an additional 1,703 shares in the last quarter. 81.17% of the stock is owned by institutional investors.

Fidelity National Financial Price Performance

NYSE:FNF opened at $59.92 on Friday. Fidelity National Financial, Inc. has a 1-year low of $46.85 and a 1-year high of $64.83. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The firm has a fifty day simple moving average of $61.02 and a 200 day simple moving average of $56.81. The stock has a market capitalization of $16.40 billion, a PE ratio of 21.79 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same period in the prior year, the business posted $1.23 EPS. The firm’s quarterly revenue was up 29.7% compared to the same quarter last year. On average, research analysts expect that Fidelity National Financial, Inc. will post 4.57 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.34%. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s dividend payout ratio (DPR) is presently 72.73%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on FNF. Barclays raised their price target on shares of Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Truist Financial raised their price target on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Fidelity National Financial from $63.00 to $64.00 and gave the stock a “market perform” rating in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Fidelity National Financial presently has a consensus rating of “Hold” and an average target price of $63.80.

Insider Buying and Selling

In related news, Director Halim Dhanidina sold 1,700 shares of the firm’s 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 5.20% of the stock is owned by company 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.