Wilmington Savings Fund Society FSB Takes $672,000 Position in Fidelity National Financial, Inc. (NYSE:FNF)

Wilmington Savings Fund Society FSB acquired a new position in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,824 shares of the financial services provider's stock, valued at approximately $672,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Capital Performance Advisors LLP purchased a new stake in shares of Fidelity National Financial in the 3rd quarter worth approximately $32,000. International Assets Investment Management LLC purchased a new stake in Fidelity National Financial during the second quarter worth $35,000. Brooklyn Investment Group bought a new stake in Fidelity National Financial during the 3rd quarter valued at $35,000. True Wealth Design LLC purchased a new position in shares of Fidelity National Financial in the 3rd quarter valued at $41,000. Finally, Innealta Capital LLC bought a new position in shares of Fidelity National Financial in the 2nd quarter worth $43,000. 81.17% of the stock is currently owned by institutional investors.

Fidelity National Financial Stock Down 0.1 %

Shares of FNF stock traded down $0.06 during trading hours on Monday, reaching $59.90. 1,088,493 shares of the company's stock were exchanged, compared to its average volume of 1,190,126. Fidelity National Financial, Inc. has a 1 year low of $46.85 and a 1 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 stock has a market cap of $16.39 billion, a PE ratio of 21.80 and a beta of 1.36. The stock's fifty day moving average price is $61.02 and its two-hundred day moving average price is $56.90.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its earnings results 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 revenue for the quarter was up 29.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.23 EPS. Research analysts predict that Fidelity National Financial, Inc. will post 4.57 EPS for the current year.

Fidelity National Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a $0.50 dividend. This is a positive change from Fidelity National Financial's previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.34%. Fidelity National Financial's dividend payout ratio (DPR) is 72.73%.

Insiders Place Their Bets

In other Fidelity National Financial news, Director Halim Dhanidina sold 1,700 shares of the firm'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 completion of the transaction, the director now directly owns 13,206 shares of the company's stock, valued at approximately $803,585.10. This trade represents a 11.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 5.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on FNF shares. Truist Financial raised their price objective on Fidelity National Financial from $64.00 to $70.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Keefe, Bruyette & Woods raised their price target on shares of Fidelity National Financial from $63.00 to $64.00 and gave the company a "market perform" rating in a report on Tuesday, December 10th. Finally, Barclays boosted their price objective on shares of Fidelity National Financial from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 8th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $63.80.

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.