Burney Co. Lowers Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Burney Co. trimmed its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 1.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 23,271 shares of the financial services provider’s stock after selling 318 shares during the quarter. Burney Co.’s holdings in Fidelity National Financial were worth $1,306,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in FNF. Capital Performance Advisors LLP purchased a new stake in Fidelity National Financial during the 3rd quarter valued at approximately $32,000. Brooklyn Investment Group acquired a new position in shares of Fidelity National Financial in the third quarter valued at approximately $35,000. True Wealth Design LLC purchased a new stake in shares of Fidelity National Financial during the third quarter worth approximately $41,000. UMB Bank n.a. raised 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 purchasing an additional 505 shares during the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of Fidelity National Financial by 141.1% during the third quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 402 shares during the period. Institutional investors and hedge funds own 81.17% of the company’s stock.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Sandra Douglass Morgan sold 2,092 shares of the stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total value of $117,842.36. Following the sale, the director now directly owns 32,386 shares in the company, valued at $1,824,303.38. This represents a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Halim Dhanidina sold 2,800 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $54.85, for a total value of $153,580.00. Following the completion of the sale, the director now directly owns 16,716 shares in the company, valued at approximately $916,872.60. The trade was a 14.35 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on FNF shares. Barclays boosted their price objective on shares of Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Truist Financial boosted 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. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and raised their price objective for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods dropped their target price on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $66.40.

Fidelity National Financial Stock Up 2.1 %

Shares of NYSE FNF opened at $57.64 on Friday. The stock has a market capitalization of $15.77 billion, a price-to-earnings ratio of 20.96 and a beta of 1.38. Fidelity National Financial, Inc. has a 52 week low of $46.85 and a 52 week high of $64.83. The firm has a 50-day moving average price of $59.07 and a 200 day moving average price of $57.96. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. Fidelity National Financial’s revenue was up 29.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.23 earnings per share. Equities research analysts anticipate that Fidelity National Financial, Inc. will post 4.57 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.47%. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Tuesday, December 17th. Fidelity National Financial’s payout ratio is presently 72.73%.

About Fidelity National Financial

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.