HighTower Advisors LLC Has $52.26 Million Position in Fidelity National Financial, Inc. (NYSE:FNF)

HighTower Advisors LLC trimmed its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 2.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 842,393 shares of the financial services provider's stock after selling 18,593 shares during the period. HighTower Advisors LLC owned about 0.31% of Fidelity National Financial worth $52,263,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Opal Wealth Advisors LLC acquired a new stake in Fidelity National Financial during the 2nd quarter worth approximately $26,000. Capital Performance Advisors LLP acquired a new stake in shares of Fidelity National Financial during the third quarter worth $32,000. International Assets Investment Management LLC bought a new stake in Fidelity National Financial in the 2nd quarter valued at $35,000. Brooklyn Investment Group acquired a new position in Fidelity National Financial in the 3rd quarter worth $35,000. Finally, True Wealth Design LLC bought a new position in Fidelity National Financial during the 3rd quarter worth about $41,000. Institutional investors and hedge funds own 81.17% of the company's stock.

Fidelity National Financial Stock Performance

FNF stock traded down $0.15 during trading hours on Thursday, reaching $62.10. The stock had a trading volume of 1,148,902 shares, compared to its average volume of 1,198,402. The stock has a 50-day simple moving average of $61.07 and a 200 day simple moving average of $56.43. Fidelity National Financial, Inc. has a fifty-two week low of $46.04 and a fifty-two week high of $64.83. The stock has a market capitalization of $16.99 billion, a PE ratio of 22.58 and a beta of 1.36. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing analysts' consensus estimates of $1.41 by ($0.11). The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.32 billion. Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The company's revenue for the quarter was up 29.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.23 EPS. Analysts predict that Fidelity National Financial, Inc. will post 4.5 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, December 17th. This is an increase from Fidelity National Financial's previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a yield of 3.22%. Fidelity National Financial's dividend payout ratio (DPR) is 69.82%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on FNF. Stephens reaffirmed an "overweight" rating and set a $63.00 price objective on shares of Fidelity National Financial in a research report on Thursday, August 15th. Barclays raised their price target on shares of Fidelity National Financial from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a "hold" rating in a report on Wednesday, August 7th. Keefe, Bruyette & Woods lifted their price target on shares of Fidelity National Financial from $58.00 to $63.00 and gave the company a "market perform" rating in a research note on Wednesday, September 4th. Finally, 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. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Fidelity National Financial presently has an average rating of "Hold" and a consensus target price of $63.60.

Insider Activity

In related news, Director Halim Dhanidina sold 1,700 shares of the company's stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total value of $103,445.00. Following the transaction, the director now directly owns 13,206 shares in the company, valued at approximately $803,585.10. This represents a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 5.20% of the stock is owned by company insiders.

Fidelity National Financial 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.