Kingsview Wealth Management LLC Has $739,000 Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Kingsview Wealth Management LLC decreased its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 92.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,900 shares of the financial services provider's stock after selling 155,725 shares during the quarter. Kingsview Wealth Management LLC's holdings in Fidelity National Financial were worth $739,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Victory Capital Management Inc. grew its holdings in Fidelity National Financial by 8.5% in the 2nd quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider's stock valued at $404,332,000 after buying an additional 640,829 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Fidelity National Financial by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,025,159 shares of the financial services provider's stock worth $498,041,000 after acquiring an additional 289,962 shares during the last quarter. Cooke & Bieler LP increased its position in Fidelity National Financial by 3.2% during the second quarter. Cooke & Bieler LP now owns 5,937,596 shares of the financial services provider's stock worth $293,436,000 after acquiring an additional 184,078 shares during the period. Dimensional Fund Advisors LP raised its stake 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 valued at $169,421,000 after purchasing an additional 77,118 shares during the last quarter. Finally, AustralianSuper Pty Ltd grew its position in Fidelity National Financial by 0.4% in the 3rd quarter. AustralianSuper Pty Ltd now owns 1,833,765 shares of the financial services provider's stock worth $113,803,000 after purchasing an additional 6,976 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Price Performance

FNF stock traded up $0.19 during trading on Thursday, hitting $63.51. 555,779 shares of the stock traded hands, compared to its average volume of 1,204,298. The stock has a market cap of $17.38 billion, a price-to-earnings ratio of 23.09 and a beta of 1.37. Fidelity National Financial, Inc. has a one year low of $44.10 and a one year high of $64.83. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The company has a 50 day simple moving average of $60.87 and a 200 day simple moving average of $56.05.

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). The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate 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 revenue was up 29.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.23 EPS. Equities analysts expect that Fidelity National Financial, Inc. will post 4.5 EPS for the current fiscal 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 issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend is Tuesday, December 17th. This is a boost from Fidelity National Financial's previous quarterly dividend of $0.48. Fidelity National Financial's dividend payout ratio is presently 72.73%.

Insider Activity

In other news, Director Halim Dhanidina sold 1,700 shares of the company's stock in a transaction that occurred on Wednesday, September 18th. The shares were 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 approximately $803,585.10. This represents a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 5.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

FNF has been the subject of several research reports. Deutsche Bank Aktiengesellschaft increased their target price on shares of Fidelity National Financial from $61.00 to $63.00 and gave the company a "hold" rating in a research note on Wednesday, August 7th. 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 note on Tuesday, October 8th. Keefe, Bruyette & Woods boosted 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 report on Wednesday, September 4th. Stephens reiterated an "overweight" rating and set a $63.00 target price on shares of Fidelity National Financial in a research report on Thursday, August 15th. Finally, Truist Financial raised their price target 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $63.60.

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.