Sunbelt Securities Inc. Purchases 1,154 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Sunbelt Securities Inc. boosted its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 867.7% in the 3rd quarter, Holdings Channel reports. The firm owned 1,287 shares of the financial services provider’s stock after buying an additional 1,154 shares during the period. Sunbelt Securities Inc.’s holdings in Fidelity National Financial were worth $80,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Capital Performance Advisors LLP bought a new stake in shares of Fidelity National Financial during the 3rd quarter valued at approximately $32,000. Brooklyn Investment Group acquired a new stake in Fidelity National Financial in the third quarter valued at approximately $35,000. True Wealth Design LLC bought a new stake in shares of Fidelity National Financial during the third quarter worth $41,000. UMB Bank n.a. grew its stake in shares of Fidelity National Financial by 280.6% during the third quarter. UMB Bank n.a. now owns 685 shares of the financial services provider’s stock worth $43,000 after buying an additional 505 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake in shares of Fidelity National Financial by 141.1% in the 3rd quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 402 shares during the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Insider Activity

In other news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total value of $103,445.00. Following the completion of the sale, the director now owns 13,206 shares in the company, valued at $803,585.10. The trade was a 11.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 5.20% of the stock is owned by company insiders.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $59.96 on Monday. The stock has a market capitalization of $16.41 billion, a PE ratio of 21.80 and a beta of 1.36. The business’s 50 day simple moving average is $61.02 and its 200 day simple moving average is $56.90. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. Fidelity National Financial, Inc. has a one year low of $46.85 and a one year high of $64.83.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the prior year, the company posted $1.23 earnings per share. The company’s revenue for the quarter was up 29.7% compared to the same quarter last year. As a group, research analysts forecast that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current year.

Fidelity National Financial Increases Dividend

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

Analyst Ratings Changes

Several research firms have commented on FNF. Keefe, Bruyette & Woods increased their target price on Fidelity National Financial from $63.00 to $64.00 and gave the company a “market perform” rating in a research report on Tuesday, December 10th. 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. Finally, Barclays upped their price target on shares of 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. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Fidelity National Financial presently has a consensus rating of “Hold” and an average target price of $63.80.

Fidelity National Financial 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.