Cyndeo Wealth Partners LLC Increases Position in Fidelity National Financial, Inc. (NYSE:FNF)

Cyndeo Wealth Partners LLC lifted its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 4.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 121,518 shares of the financial services provider’s stock after purchasing an additional 4,624 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Fidelity National Financial were worth $6,822,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Renaissance Technologies LLC acquired a new position in shares of Fidelity National Financial during the 2nd quarter worth about $1,305,000. Sei Investments Co. boosted its holdings in Fidelity National Financial by 1,051.5% in the second quarter. Sei Investments Co. now owns 131,186 shares of the financial services provider’s stock valued at $6,483,000 after purchasing an additional 119,793 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Fidelity National Financial by 13.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 213 shares during the last quarter. Marshall Wace LLP acquired a new stake in Fidelity National Financial during the second quarter worth approximately $2,704,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Fidelity National Financial by 61.0% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 49,707 shares of the financial services provider’s stock worth $2,457,000 after purchasing an additional 18,838 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on FNF shares. Keefe, Bruyette & Woods dropped their target price on shares of 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. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and raised their price objective for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Truist Financial boosted their target price on Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Barclays raised their price target on 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. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $66.40.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 2,800 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The stock was 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 of the company’s stock, valued at $916,872.60. This trade represents a 14.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sandra Douglass Morgan sold 2,092 shares of the company’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total value of $117,842.36. Following the transaction, 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 position. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by corporate insiders.

Fidelity National Financial Price Performance

Shares of FNF opened at $57.71 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. Fidelity National Financial, Inc. has a fifty-two week low of $46.85 and a fifty-two week high of $64.83. The firm has a 50-day simple moving average of $58.74 and a 200-day simple moving average of $58.35. The company has a market capitalization of $15.79 billion, a price-to-earnings ratio of 20.99 and a beta of 1.38.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data 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). The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The firm’s revenue was up 29.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.23 earnings per share. On average, equities research analysts anticipate that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.47%. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date was Tuesday, December 17th. Fidelity National Financial’s dividend payout ratio (DPR) is 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.