EP Wealth Advisors LLC Makes New $2.17 Million Investment in Fidelity National Financial, Inc. (NYSE:FNF)

EP Wealth Advisors LLC bought a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 35,038 shares of the financial services provider's stock, valued at approximately $2,174,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stifel Financial Corp raised its stake in shares of Fidelity National Financial by 1.1% during the third quarter. Stifel Financial Corp now owns 103,110 shares of the financial services provider's stock valued at $6,399,000 after purchasing an additional 1,169 shares during the period. Quantinno Capital Management LP increased its stake in Fidelity National Financial by 34.4% during the 3rd quarter. Quantinno Capital Management LP now owns 14,337 shares of the financial services provider's stock worth $890,000 after buying an additional 3,670 shares during the period. Royal London Asset Management Ltd. increased its stake in Fidelity National Financial by 5.6% during the 3rd quarter. Royal London Asset Management Ltd. now owns 128,263 shares of the financial services provider's stock worth $7,960,000 after buying an additional 6,852 shares during the period. Point72 Asset Management L.P. acquired a new position in Fidelity National Financial in the 3rd quarter worth $11,469,000. Finally, Prana Capital Management LP boosted its position in Fidelity National Financial by 1,104.7% in the 3rd quarter. Prana Capital Management LP now owns 124,715 shares of the financial services provider's stock valued at $7,740,000 after buying an additional 114,363 shares during the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Halim Dhanidina sold 1,700 shares of the company'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 completion of the transaction, the director now directly owns 13,206 shares in the company, valued at $803,585.10. This represents a 11.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on FNF. Truist Financial lifted their target price 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. Barclays upped their target price on 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. Keefe, Bruyette & Woods raised their price target on shares of Fidelity National Financial from $63.00 to $64.00 and gave the stock a "market perform" rating in a research report on Tuesday. Finally, Stephens reaffirmed an "overweight" rating and issued a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Fidelity National Financial presently has an average rating of "Hold" and an average target price of $63.80.

Fidelity National Financial Stock Performance

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

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

Fidelity National Financial Increases Dividend

The firm also recently disclosed 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend is Tuesday, December 17th. This is an increase from Fidelity National Financial's previous quarterly dividend of $0.48. Fidelity National Financial's dividend payout ratio is currently 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.