United Asset Strategies Inc. Purchases Shares of 10,453 Fidelity National Financial, Inc. (NYSE:FNF)

United Asset Strategies Inc. purchased a new stake in Fidelity National Financial, Inc. (NYSE:FNF) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,453 shares of the financial services provider’s stock, valued at approximately $533,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FNF. Raymond James Financial Services Advisors Inc. increased its position in Fidelity National Financial by 49.4% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 27,414 shares of the financial services provider’s stock valued at $1,339,000 after acquiring an additional 9,059 shares during the period. MetLife Investment Management LLC acquired a new stake in shares of Fidelity National Financial during the first quarter worth $266,000. Rhumbline Advisers increased its position in shares of Fidelity National Financial by 21.2% during the first quarter. Rhumbline Advisers now owns 277,396 shares of the financial services provider’s stock worth $13,548,000 after buying an additional 48,434 shares during the period. Yousif Capital Management LLC increased its position in shares of Fidelity National Financial by 8.1% during the first quarter. Yousif Capital Management LLC now owns 9,736 shares of the financial services provider’s stock worth $476,000 after buying an additional 730 shares during the period. Finally, LSV Asset Management increased its position in shares of Fidelity National Financial by 40.9% during the first quarter. LSV Asset Management now owns 204,300 shares of the financial services provider’s stock worth $9,978,000 after buying an additional 59,308 shares during the period. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Fidelity National Financial

In related news, Director Cary H. Thompson sold 23,410 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $51.11, for a total transaction of $1,196,485.10. Following the transaction, the director now directly owns 40,317 shares of the company’s stock, valued at $2,060,601.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.40% of the stock is owned by insiders.

Fidelity National Financial Stock Down 0.2 %

Fidelity National Financial stock opened at $47.01 on Thursday. Fidelity National Financial, Inc. has a 1-year low of $32.02 and a 1-year high of $53.96. The firm has a market capitalization of $12.84 billion, a price-to-earnings ratio of 24.61 and a beta of 1.34. The firm’s fifty day moving average price is $50.95 and its two-hundred day moving average price is $47.36. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.52.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.27). Fidelity National Financial had a net margin of 4.40% and a return on equity of 13.91%. The business had revenue of $3.43 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same period last year, the business posted $1.06 earnings per share. On average, equities research analysts predict that Fidelity National Financial, Inc. will post 4.81 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date was Thursday, March 14th. Fidelity National Financial’s payout ratio is currently 100.52%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Fidelity National Financial in a research report on Wednesday, January 10th. They set a “hold” rating for the company. Keefe, Bruyette & Woods increased their target price on shares of Fidelity National Financial from $54.00 to $56.00 and gave the stock a “market perform” rating in a research note on Thursday, March 21st. Truist Financial increased their target price on shares of Fidelity National Financial from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. Finally, Barclays increased their target price on shares of Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $54.20.

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.