CWA Asset Management Group LLC Makes New $11.10 Million Investment in Fidelity National Financial, Inc. (NYSE:FNF)

CWA Asset Management Group LLC purchased a new position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 178,855 shares of the financial services provider's stock, valued at approximately $11,100,000. CWA Asset Management Group LLC owned 0.07% of Fidelity National Financial at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Fidelity National Financial by 2.8% in the first quarter. Vanguard Group Inc. now owns 26,875,738 shares of the financial services provider's stock valued at $1,427,102,000 after purchasing an additional 728,768 shares during the last quarter. Windacre Partnership LLC lifted its position in shares of Fidelity National Financial by 9.6% in the first quarter. Windacre Partnership LLC now owns 16,249,267 shares of the financial services provider's stock valued at $862,836,000 after acquiring an additional 1,424,767 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Fidelity National Financial by 8.5% during the second quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider's stock valued at $404,332,000 after acquiring an additional 640,829 shares during the last quarter. Cooke & Bieler LP increased its position in Fidelity National Financial by 3.2% during the 2nd quarter. Cooke & Bieler LP now owns 5,937,596 shares of the financial services provider's stock worth $293,436,000 after purchasing an additional 184,078 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Fidelity National Financial by 2.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,428,258 shares of the financial services provider's stock worth $169,421,000 after purchasing an additional 77,118 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FNF. Barclays upped their price objective on shares of Fidelity National Financial from $56.00 to $59.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 8th. Keefe, Bruyette & Woods boosted their price objective on Fidelity National Financial from $58.00 to $63.00 and gave the stock a "market perform" rating in a research note on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a "hold" rating in a research report on Wednesday, August 7th. Truist Financial increased their price target on Fidelity National Financial from $62.00 to $64.00 and gave the company a "buy" rating in a report on Wednesday, August 7th. Finally, Stephens reiterated an "overweight" rating and set a $63.00 price objective on shares of Fidelity National Financial in a research note on Thursday, August 15th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $62.40.

Fidelity National Financial Stock Performance

FNF stock traded up $1.11 during midday trading on Friday, reaching $60.23. The company had a trading volume of 1,344,694 shares, compared to its average volume of 997,720. Fidelity National Financial, Inc. has a fifty-two week low of $43.11 and a fifty-two week high of $62.97. The firm has a market capitalization of $16.47 billion, a PE ratio of 21.90 and a beta of 1.37. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.52. The stock has a 50 day moving average price of $60.30 and a 200 day moving average price of $55.03.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.41 by ($0.11). Fidelity National Financial had a net margin of 5.57% and a return on equity of 14.23%. The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same period in the previous year, the firm earned $1.23 earnings per share. The company's revenue for the quarter was up 29.7% on a year-over-year basis. Analysts anticipate that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The business 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 $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date is Tuesday, December 17th. This is a positive change from Fidelity National Financial's previous quarterly dividend of $0.48. Fidelity National Financial's dividend payout ratio is currently 69.82%.

Insider Activity

In related news, Director Halim Dhanidina sold 1,700 shares of the firm's stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total transaction of $103,445.00. Following the completion of the transaction, the director now owns 13,206 shares of the company's stock, valued at $803,585.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 5.20% of the company's stock.

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.