Fidelity National Financial, Inc. (NYSE:FNF) Shares Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. grew its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 4.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,044 shares of the financial services provider’s stock after purchasing an additional 710 shares during the period. Crossmark Global Holdings Inc.’s holdings in Fidelity National Financial were worth $1,058,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Fidelity National Financial by 2.8% during the first quarter. Vanguard Group Inc. now owns 26,875,738 shares of the financial services provider’s stock worth $1,427,102,000 after purchasing an additional 728,768 shares in the last quarter. Windacre Partnership LLC raised its stake in shares of Fidelity National Financial by 9.6% in the first quarter. Windacre Partnership LLC now owns 16,249,267 shares of the financial services provider’s stock valued at $862,836,000 after acquiring an additional 1,424,767 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Fidelity National Financial by 8.5% in the second quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider’s stock valued at $404,332,000 after acquiring an additional 640,829 shares in the last quarter. Cooke & Bieler LP raised its stake in shares of Fidelity National Financial by 3.2% in the second quarter. Cooke & Bieler LP now owns 5,937,596 shares of the financial services provider’s stock valued at $293,436,000 after acquiring an additional 184,078 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Fidelity National Financial by 2.3% in the second quarter. Dimensional Fund Advisors LP now owns 3,428,258 shares of the financial services provider’s stock valued at $169,421,000 after acquiring an additional 77,118 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $60.98 on Friday. The stock’s 50-day moving average is $60.40 and its two-hundred day moving average is $55.27. The firm has a market cap of $16.69 billion, a price-to-earnings ratio of 22.17 and a beta of 1.37. Fidelity National Financial, Inc. has a 1 year low of $43.60 and a 1 year high of $62.97. 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 (NYSE:FNF) last issued its quarterly earnings data 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). The firm 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 business’s revenue for the quarter was up 29.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.23 EPS. Analysts predict that Fidelity National Financial, Inc. will post 4.5 earnings per share 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 issued a dividend of $0.50 per share. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, December 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.28%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 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 dated Wednesday, September 18th. The stock was 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 of the company’s stock, valued at approximately $803,585.10. This trade represents a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.20% of the company’s stock.

Analysts Set New Price Targets

FNF has been the topic of several analyst reports. Keefe, Bruyette & Woods increased their price objective on Fidelity National Financial from $58.00 to $63.00 and gave the company a “market perform” rating in a research note on Wednesday, September 4th. Truist Financial increased their price objective on Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft raised their price target on Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a research note on Wednesday, August 7th. Stephens restated an “overweight” rating and issued a $63.00 price target on shares of Fidelity National Financial in a research note on Thursday, August 15th. Finally, Barclays raised their price target 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. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Fidelity National Financial has a consensus rating of “Hold” and a consensus price target of $63.60.

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.