Laidlaw Wealth Management LLC Takes $253,000 Position in Fidelity National Financial, Inc. (NYSE:FNF)

Laidlaw Wealth Management LLC bought a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,512 shares of the financial services provider's stock, valued at approximately $253,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Kestra Investment Management LLC bought a new stake in shares of Fidelity National Financial in the 4th quarter valued at about $37,000. Atria Wealth Solutions Inc. acquired a new position in Fidelity National Financial during the fourth quarter valued at approximately $267,000. CIBC Asset Management Inc increased its stake in Fidelity National Financial by 4.3% in the fourth quarter. CIBC Asset Management Inc now owns 16,713 shares of the financial services provider's stock valued at $938,000 after purchasing an additional 691 shares in the last quarter. Allworth Financial LP raised its holdings in Fidelity National Financial by 27.4% in the fourth quarter. Allworth Financial LP now owns 5,681 shares of the financial services provider's stock worth $332,000 after purchasing an additional 1,221 shares during the period. Finally, Strategic Financial Concepts LLC bought a new position in shares of Fidelity National Financial during the fourth quarter worth $7,760,000. Institutional investors own 81.17% of the company's stock.

Insiders Place Their Bets

In related news, Director Sandra Douglass Morgan sold 2,092 shares of the business'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 completion of the sale, the director now directly owns 32,386 shares in the company, valued at $1,824,303.38. The trade was a 6.07 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Halim Dhanidina sold 2,800 shares of the stock in a transaction 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 transaction, the director now owns 16,716 shares in the company, valued at $916,872.60. The trade was a 14.35 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.20% of the company's stock.

Fidelity National Financial Stock Up 3.4 %

Shares of Fidelity National Financial stock traded up $1.93 during trading on Friday, reaching $59.50. The stock had a trading volume of 2,062,488 shares, compared to its average volume of 934,179. 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 company has a market capitalization of $16.28 billion, a price-to-earnings ratio of 21.64 and a beta of 1.39. Fidelity National Financial, Inc. has a 52 week low of $46.85 and a 52 week high of $64.83. The stock has a fifty day moving average price of $57.26 and a two-hundred day moving average price of $58.96.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its earnings results on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.23 by $0.11. The firm had revenue of $3.62 billion for the quarter, compared to analysts' expectations of $3.33 billion. Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. During the same quarter in the previous year, the business posted $0.75 EPS. Sell-side analysts predict that Fidelity National Financial, Inc. will post 4.57 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.36%. Fidelity National Financial's dividend payout ratio (DPR) is presently 72.73%.

Wall Street Analyst Weigh In

A number of analysts recently commented on FNF shares. Keefe, Bruyette & Woods lowered their price objective on shares of Fidelity National Financial from $64.00 to $63.00 and set a "market perform" rating for the company 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 target for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd. Finally, Truist Financial boosted their price objective on Fidelity National Financial from $64.00 to $70.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Fidelity National Financial currently has a consensus rating of "Moderate Buy" and an average target price of $66.40.

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.