Claro Advisors LLC Invests $1.12 Million in Fidelity National Financial, Inc. (NYSE:FNF)

Claro Advisors LLC purchased a new position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 18,000 shares of the financial services provider's stock, valued at approximately $1,117,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Fidelity National Financial by 29.8% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,585 shares of the financial services provider's stock valued at $1,588,000 after purchasing an additional 5,879 shares during the last quarter. ZWJ Investment Counsel Inc. lifted its position in shares of Fidelity National Financial by 1.0% in the third quarter. ZWJ Investment Counsel Inc. now owns 19,740 shares of the financial services provider's stock worth $1,225,000 after buying an additional 195 shares in the last quarter. B.O.S.S. Retirement Advisors LLC boosted its stake in Fidelity National Financial by 2.8% during the third quarter. B.O.S.S. Retirement Advisors LLC now owns 20,842 shares of the financial services provider's stock valued at $1,293,000 after buying an additional 574 shares during the last quarter. Capital Advisors Wealth Management LLC grew its holdings in Fidelity National Financial by 2.0% during the 3rd quarter. Capital Advisors Wealth Management LLC now owns 44,499 shares of the financial services provider's stock valued at $2,762,000 after buying an additional 879 shares in the last quarter. Finally, Swedbank AB increased its stake in Fidelity National Financial by 25.1% in the 3rd quarter. Swedbank AB now owns 42,375 shares of the financial services provider's stock worth $2,630,000 after acquiring an additional 8,511 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors.

Fidelity National Financial Stock Performance

Fidelity National Financial stock opened at $62.16 on Friday. Fidelity National Financial, Inc. has a 1-year low of $37.10 and a 1-year high of $62.97. The company's 50-day moving average is $59.50 and its 200 day moving average is $53.96. The firm has a market capitalization of $16.98 billion, a P/E ratio of 20.45 and a beta of 1.36. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.23 and a quick ratio of 0.23.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.27 by ($0.03). The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.20 billion. Fidelity National Financial had a return on equity of 14.48% and a net margin of 7.19%. Fidelity National Financial's revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.01 earnings per share. Research analysts forecast that Fidelity National Financial, Inc. will post 4.53 EPS for the current year.

Fidelity National Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend was Monday, September 16th. Fidelity National Financial's dividend payout ratio is currently 63.16%.

Analyst Ratings Changes

FNF has been the subject of a number of research reports. Barclays increased 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 boosted their target price on shares of Fidelity National Financial from $58.00 to $63.00 and gave the stock a "market perform" rating in a report on Wednesday, September 4th. StockNews.com downgraded shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Wednesday, July 17th. Stephens reissued an "overweight" rating and set a $63.00 price objective on shares of Fidelity National Financial in a research note on Thursday, August 15th. Finally, Truist Financial raised their price objective on Fidelity National Financial from $62.00 to $64.00 and gave the company a "buy" rating in a research note on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $62.40.

Insider Transactions at Fidelity National Financial

In related news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total transaction of $103,445.00. Following the completion of the sale, the director now owns 13,206 shares in the company, valued at $803,585.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 5.20% of the company's stock.

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.