Oppenheimer & Co. Inc. Decreases Position in Fidelity National Financial, Inc. (NYSE:FNF)

Oppenheimer & Co. Inc. decreased its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 2.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,019 shares of the financial services provider’s stock after selling 628 shares during the period. Oppenheimer & Co. Inc.’s holdings in Fidelity National Financial were worth $1,366,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of FNF. Vanguard Group Inc. lifted its stake in shares of Fidelity National Financial by 2.8% in 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 acquiring an additional 728,768 shares in the last quarter. Windacre Partnership LLC lifted 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 worth $862,836,000 after acquiring an additional 1,424,767 shares in the last quarter. Victory Capital Management Inc. lifted 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 worth $404,332,000 after acquiring an additional 640,829 shares in the last quarter. Cooke & Bieler LP lifted 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 worth $293,436,000 after acquiring an additional 184,078 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted 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 worth $169,421,000 after acquiring an additional 77,118 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Insider Buying and Selling

In related news, Director Halim Dhanidina sold 1,700 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total value 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 $803,585.10. This represents a 11.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 5.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on FNF shares. Barclays boosted their price target on 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. Stephens restated an “overweight” rating and set a $63.00 price objective on shares of Fidelity National Financial in a research note on Thursday, August 15th. Deutsche Bank Aktiengesellschaft upped their price objective 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. Keefe, Bruyette & Woods upped 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. Finally, Truist Financial upped 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, November 11th. 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 MarketBeat.com, Fidelity National Financial currently has a consensus rating of “Hold” and an average target price of $63.60.

Fidelity National Financial Stock Up 0.5 %

NYSE:FNF opened at $61.04 on Tuesday. The firm has a market capitalization of $16.70 billion, a PE ratio of 22.20 and a beta of 1.37. The stock has a 50 day moving average of $60.52 and a 200-day moving average of $55.53. Fidelity National Financial, Inc. has a 52 week low of $44.10 and a 52 week high of $62.97. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 EPS 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 the consensus estimate of $3.32 billion. Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The firm’s revenue for the quarter was up 29.7% compared to the same quarter last year. During the same period last year, the company posted $1.23 earnings per share. Analysts predict that Fidelity National Financial, Inc. will post 4.5 EPS for the current year.

Fidelity National Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.28%. 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. Fidelity National Financial’s dividend payout ratio is 72.73%.

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.