Foster & Motley Inc. Sells 4,538 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Foster & Motley Inc. lowered its position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 8.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 48,130 shares of the financial services provider's stock after selling 4,538 shares during the period. Foster & Motley Inc.'s holdings in Fidelity National Financial were worth $2,702,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of FNF. Capital Performance Advisors LLP acquired a new position in Fidelity National Financial in the third quarter valued at approximately $32,000. Brooklyn Investment Group acquired a new position in shares of Fidelity National Financial during the 3rd quarter valued at $35,000. True Wealth Design LLC bought a new position in Fidelity National Financial during the third quarter worth $41,000. UMB Bank n.a. grew its holdings in Fidelity National Financial by 280.6% in the third quarter. UMB Bank n.a. now owns 685 shares of the financial services provider's stock worth $43,000 after purchasing an additional 505 shares during the period. Finally, Larson Financial Group LLC increased its stake in Fidelity National Financial by 141.1% in the third quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 402 shares in the last quarter. 81.17% of the stock is owned by institutional investors.

Fidelity National Financial Stock Down 0.6 %

Shares of Fidelity National Financial stock traded down $0.36 on Friday, hitting $58.20. The company had a trading volume of 727,463 shares, compared to its average volume of 929,812. The stock has a market capitalization of $15.92 billion, a price-to-earnings ratio of 21.16 and a beta of 1.38. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. Fidelity National Financial, Inc. has a 1 year low of $46.85 and a 1 year high of $64.83. The stock has a 50 day moving average of $58.57 and a 200-day moving average of $58.58.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released 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 company had revenue of $3.60 billion during 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 company's quarterly revenue was up 29.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.23 earnings per share. As a group, sell-side analysts forecast that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This is a boost from Fidelity National Financial's previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a yield of 3.44%. Fidelity National Financial's payout ratio is 72.73%.

Insiders Place Their Bets

In other Fidelity National Financial news, Director Sandra Douglass Morgan sold 2,092 shares of the business's stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total value of $117,842.36. Following the transaction, the director now owns 32,386 shares of the company's stock, valued at approximately $1,824,303.38. The trade was a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Halim Dhanidina sold 2,800 shares of the firm's stock in a transaction on Friday, January 10th. The shares were sold at an average price of $54.85, for a total value of $153,580.00. Following the sale, the director now directly owns 16,716 shares of the company's stock, valued at approximately $916,872.60. This represents a 14.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FNF. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a "hold" rating to a "buy" rating and increased their price objective for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd. Keefe, Bruyette & Woods reduced their price objective on Fidelity National Financial from $64.00 to $63.00 and set a "market perform" rating for the company in a research note on Wednesday, January 8th. Truist Financial upped 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. Finally, Barclays lifted their price target on shares of 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. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $66.40.

Fidelity National Financial Company 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.