Atria Wealth Solutions Inc. Takes Position in Fidelity National Financial, Inc. (NYSE:FNF)

Atria Wealth Solutions Inc. acquired a new position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,750 shares of the financial services provider's stock, valued at approximately $267,000.

A number of other institutional investors have also added to or reduced their stakes in FNF. Capital Performance Advisors LLP purchased a new position in shares of Fidelity National Financial during the third quarter worth approximately $32,000. Brooklyn Investment Group bought a new stake in shares of Fidelity National Financial in the 3rd quarter worth approximately $35,000. True Wealth Design LLC bought a new position in Fidelity National Financial in the 3rd quarter worth $41,000. Larson Financial Group LLC lifted its holdings in Fidelity National Financial by 141.1% in the third quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider's stock worth $43,000 after buying an additional 402 shares during the period. Finally, Covestor Ltd boosted its position in shares of Fidelity National Financial by 73.1% during the third quarter. Covestor Ltd now owns 812 shares of the financial services provider's stock valued at $50,000 after purchasing an additional 343 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company's stock.

Fidelity National Financial Stock Up 1.3 %

FNF traded up $0.80 on Wednesday, hitting $63.54. The company had a trading volume of 1,318,580 shares, compared to its average volume of 1,087,423. Fidelity National Financial, Inc. has a 12-month low of $46.85 and a 12-month high of $65.65. The stock has a fifty day moving average price of $58.17 and a 200-day moving average price of $59.44. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. The stock has a market capitalization of $17.39 billion, a price-to-earnings ratio of 13.67 and a beta of 1.31.

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Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.23 by $0.11. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The business had revenue of $3.62 billion during the quarter, compared to analysts' expectations of $3.33 billion. During the same quarter last year, the company posted $0.75 earnings per share. Analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.50 dividend. The ex-dividend date is Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.15%. Fidelity National Financial's payout ratio is 43.01%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on FNF shares. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a "hold" rating to a "buy" rating and upped their price target for the stock from $76.00 to $77.00 in a research note on Friday, January 3rd. StockNews.com cut shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Tuesday. Barclays upped their price target on Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Monday, February 24th. Truist Financial increased their price objective 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. Finally, Keefe, Bruyette & Woods cut their price target on Fidelity National Financial from $64.00 to $63.00 and set a "market perform" rating for the company in a research note on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $70.40.

Insider Activity

In related news, Director Sandra Douglass Morgan sold 2,092 shares of the company's stock in a transaction that occurred 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 approximately $1,824,303.38. This represents a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Halim Dhanidina sold 2,800 shares of the firm's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $54.85, for a total value of $153,580.00. Following the sale, the director now directly owns 16,716 shares of the company's stock, valued at $916,872.60. The trade was a 14.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.20% of the company's stock.

Fidelity National Financial Company 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.