Kingsview Wealth Management LLC Sells 155,725 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Kingsview Wealth Management LLC lowered its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 92.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,900 shares of the financial services provider’s stock after selling 155,725 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Fidelity National Financial were worth $739,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new stake in shares of Fidelity National Financial during the 2nd quarter worth $26,000. New Covenant Trust Company N.A. bought a new stake in Fidelity National Financial during the first quarter valued at about $30,000. Capital Performance Advisors LLP acquired a new stake in shares of Fidelity National Financial in the third quarter valued at about $32,000. International Assets Investment Management LLC bought a new position in shares of Fidelity National Financial in the second quarter worth about $35,000. Finally, Innealta Capital LLC acquired a new position in shares of Fidelity National Financial during the 2nd quarter worth about $43,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Price Performance

Shares of Fidelity National Financial stock opened at $63.51 on Thursday. The firm has a market cap of $17.38 billion, a P/E ratio of 23.09 and a beta of 1.37. The firm’s 50-day simple moving average is $60.82 and its 200-day simple moving average is $56.00. Fidelity National Financial, Inc. has a twelve month low of $44.10 and a twelve month high of $64.83. 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 released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same period in the previous year, the firm posted $1.23 earnings per share. The firm’s revenue for the quarter was up 29.7% compared to the same quarter last year. As a group, research analysts expect that Fidelity National Financial, Inc. will post 4.5 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The business 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 dividend of $0.50 per share. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a yield of 3.15%. The ex-dividend date is Tuesday, December 17th. Fidelity National Financial’s dividend payout ratio is currently 72.73%.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of the business’s 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 transaction, the director now directly owns 13,206 shares of the company’s stock, valued at $803,585.10. The trade was a 11.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on FNF. Stephens reaffirmed an “overweight” rating and issued a $63.00 price target on shares of Fidelity National Financial in a research report on Thursday, August 15th. Truist Financial upped their target price on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Keefe, Bruyette & Woods raised their price target on shares of Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 4th. Barclays upped their price objective on shares of Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft boosted 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. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Fidelity National Financial currently has a consensus rating of “Hold” and an average target price 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.