Oppenheimer Asset Management Inc. Decreases Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Oppenheimer Asset Management Inc. lessened its holdings in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 29.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 23,516 shares of the financial services provider's stock after selling 10,029 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Fidelity National Financial were worth $1,459,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. ZWJ Investment Counsel Inc. increased its stake 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 acquiring an additional 195 shares during the period. Chesley Taft & Associates LLC increased its stake in shares of Fidelity National Financial by 1.9% in the second quarter. Chesley Taft & Associates LLC now owns 10,575 shares of the financial services provider's stock worth $523,000 after acquiring an additional 200 shares during the period. Intech Investment Management LLC increased its stake in shares of Fidelity National Financial by 1.3% in the second quarter. Intech Investment Management LLC now owns 15,336 shares of the financial services provider's stock worth $758,000 after acquiring an additional 202 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Fidelity National Financial by 13.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider's stock worth $87,000 after acquiring an additional 213 shares during the period. Finally, Centennial Wealth Advisory LLC increased its stake in shares of Fidelity National Financial by 4.6% in the third quarter. Centennial Wealth Advisory LLC now owns 5,463 shares of the financial services provider's stock worth $339,000 after acquiring an additional 239 shares during the period. Institutional investors own 81.17% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Barclays increased 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 report on Tuesday, October 8th. Truist Financial increased their price target on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Stephens reissued an "overweight" rating and set a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft increased their price target 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. 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 report on Wednesday, September 4th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $63.60.

Insider Buying and Selling at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the business's stock in a transaction on 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 of the company's stock, valued at approximately $803,585.10. The trade was a 11.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.20% of the stock is currently owned by corporate insiders.

Fidelity National Financial Stock Up 0.2 %

Shares of NYSE FNF traded up $0.11 during midday trading on Monday, hitting $60.85. The company's stock had a trading volume of 227,048 shares, compared to its average volume of 1,205,060. Fidelity National Financial, Inc. has a 1 year low of $44.10 and a 1 year high of $62.97. The business's fifty day simple moving average is $60.48 and its two-hundred day simple moving average is $55.46. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The firm has a market capitalization of $16.65 billion, a price-to-earnings ratio of 22.13 and a beta of 1.37.

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

Fidelity National Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a $0.50 dividend. 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 3.29%. The ex-dividend date is Tuesday, December 17th. Fidelity National Financial's payout ratio is currently 72.73%.

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.