True Wealth Design LLC Makes New Investment in Fidelity National Financial, Inc. (NYSE:FNF)

True Wealth Design LLC purchased a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) in the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 668 shares of the financial services provider’s stock, valued at approximately $41,000.

Several other institutional investors have also made changes to their positions in the company. Opal Wealth Advisors LLC bought a new position in Fidelity National Financial during the second quarter valued at approximately $26,000. Capital Performance Advisors LLP bought a new position in shares of Fidelity National Financial during the 3rd quarter valued at $32,000. International Assets Investment Management LLC bought a new position in shares of Fidelity National Financial during the 2nd quarter valued at $35,000. Brooklyn Investment Group acquired a new stake in shares of Fidelity National Financial in the 3rd quarter valued at $35,000. Finally, Innealta Capital LLC bought a new stake in Fidelity National Financial in the second quarter worth $43,000. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on FNF. Truist Financial boosted their price target on 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 set a $63.00 target price on shares of Fidelity National Financial in a research report on Thursday, August 15th. Barclays lifted 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. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a report on Wednesday, September 4th. 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 data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $63.60.

Insider Activity at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 5.20% of the company’s stock.

Fidelity National Financial Stock Down 0.2 %

FNF opened at $63.39 on Monday. The business has a 50 day moving average of $60.92 and a 200-day moving average of $56.19. The stock has a market capitalization of $17.35 billion, a price-to-earnings ratio of 23.05 and a beta of 1.37. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a 1-year low of $44.39 and a 1-year high of $64.83.

Fidelity National Financial (NYSE:FNF) last issued its quarterly 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). The company had revenue of $3.60 billion during the quarter, compared to the consensus estimate 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 for the quarter was up 29.7% on a year-over-year basis. During the same period last year, the company earned $1.23 earnings per share. As a group, sell-side analysts anticipate that Fidelity National Financial, Inc. will post 4.5 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, December 17th. 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 3.16%. Fidelity National Financial’s dividend payout ratio (DPR) is 69.82%.

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.