Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors cut its stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 38.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,851 shares of the financial services provider's stock after selling 9,974 shares during the quarter. Captrust Financial Advisors' holdings in Fidelity National Financial were worth $984,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Capital Performance Advisors LLP acquired a new stake in shares of Fidelity National Financial in the third quarter worth approximately $32,000. International Assets Investment Management LLC acquired a new position in shares of Fidelity National Financial during the 2nd quarter worth approximately $35,000. Brooklyn Investment Group purchased a new stake in Fidelity National Financial in the 3rd quarter valued at $35,000. Innealta Capital LLC purchased a new stake in shares of Fidelity National Financial in the second quarter valued at about $43,000. Finally, UMB Bank n.a. increased its holdings in shares of Fidelity National Financial by 280.6% during the 3rd quarter. UMB Bank n.a. now owns 685 shares of the financial services provider's stock worth $43,000 after buying an additional 505 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fidelity National Financial

In related news, Director Halim Dhanidina sold 1,700 shares of the firm's stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total transaction of $103,445.00. Following the transaction, the director now directly owns 13,206 shares in the company, valued at $803,585.10. This trade represents a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 5.20% of the company's stock.

Wall Street Analyst Weigh In

FNF has been the topic of several research reports. Truist Financial boosted their target price on Fidelity National Financial from $64.00 to $70.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Keefe, Bruyette & Woods lifted their target price on Fidelity National Financial from $63.00 to $64.00 and gave the stock a "market perform" rating in a research report on Tuesday. Barclays lifted their target price on shares of Fidelity National Financial from $56.00 to $59.00 and gave the company an "equal weight" rating in a report on Tuesday, October 8th. Finally, Stephens reissued an "overweight" rating and set a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $63.80.

Fidelity National Financial Trading Down 1.8 %

FNF stock traded down $1.11 during trading on Tuesday, reaching $60.20. 1,121,215 shares of the stock traded hands, compared to its average volume of 1,194,263. The firm has a market capitalization of $16.47 billion, a PE ratio of 21.89 and a beta of 1.36. Fidelity National Financial, Inc. has a 52-week low of $46.55 and a 52-week high of $64.83. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The business's 50 day moving average price is $61.08 and its 200-day moving average price is $56.63.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.11). The company had revenue of $3.60 billion for the quarter, compared to analysts' expectations of $3.32 billion. Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The business's quarterly revenue was up 29.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.23 earnings per share. As a group, sell-side analysts forecast that Fidelity National Financial, Inc. will post 4.55 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a dividend of $0.50 per share. This is a boost from Fidelity National Financial's previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Tuesday, December 17th. Fidelity National Financial's dividend payout ratio is 69.82%.

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.