Horizon Kinetics Asset Management LLC Grows Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Horizon Kinetics Asset Management LLC grew its position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 35.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 58,071 shares of the financial services provider's stock after acquiring an additional 15,100 shares during the period. Horizon Kinetics Asset Management LLC's holdings in Fidelity National Financial were worth $3,604,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new stake in Fidelity National Financial in the second quarter worth $26,000. New Covenant Trust Company N.A. purchased a new stake in shares of Fidelity National Financial in the 1st quarter worth about $30,000. Capital Performance Advisors LLP bought a new position in shares of Fidelity National Financial in the 3rd quarter worth about $32,000. International Assets Investment Management LLC purchased a new position in Fidelity National Financial during the 2nd quarter valued at about $35,000. Finally, Innealta Capital LLC bought a new stake in Fidelity National Financial during the second quarter worth about $43,000. Institutional investors own 81.17% of the company's stock.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial stock in a transaction 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 owns 13,206 shares in the company, valued at $803,585.10. This trade represents a 11.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 5.20% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on FNF. Truist Financial raised their target price on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Barclays lifted their price objective 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. Stephens reissued an "overweight" rating and issued a $63.00 target price on shares of Fidelity National Financial in a research note on Thursday, August 15th. Deutsche Bank Aktiengesellschaft lifted their price target on Fidelity National Financial from $61.00 to $63.00 and gave the stock a "hold" rating in a research report on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Fidelity National Financial from $58.00 to $63.00 and gave the company a "market perform" rating in a research report on Wednesday, September 4th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $63.60.

Fidelity National Financial Stock Performance

Shares of NYSE:FNF traded up $1.89 during midday trading on Monday, reaching $63.83. 2,504,026 shares of the company's stock traded hands, compared to its average volume of 1,207,579. 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 one year low of $44.10 and a one year high of $64.83. The company has a market cap of $17.47 billion, a price-to-earnings ratio of 22.52 and a beta of 1.37. The stock has a 50 day moving average of $60.66 and a 200 day moving average of $55.78.

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 the consensus estimate of $1.41 by ($0.11). Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the prior year, the company posted $1.23 EPS. Fidelity National Financial's revenue was up 29.7% on a year-over-year basis. As a group, equities research analysts anticipate that Fidelity National Financial, Inc. will post 4.5 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders 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 3.13%. The ex-dividend date is Tuesday, December 17th. This is an increase from Fidelity National Financial's previous quarterly dividend of $0.48. Fidelity National Financial's payout ratio is 69.82%.

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.