Ascent Group LLC Has $1.94 Million Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Ascent Group LLC cut its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 3.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,278 shares of the financial services provider’s stock after selling 1,152 shares during the period. Ascent Group LLC’s holdings in Fidelity National Financial were worth $1,941,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new stake in shares of Fidelity National Financial during the second quarter worth $26,000. Capital Performance Advisors LLP acquired a new stake in shares of Fidelity National Financial during the third quarter worth $32,000. International Assets Investment Management LLC acquired a new stake in shares of Fidelity National Financial during the second quarter worth $35,000. Brooklyn Investment Group acquired a new stake in shares of Fidelity National Financial during the third quarter worth $35,000. Finally, True Wealth Design LLC bought a new position in Fidelity National Financial during the third quarter worth about $41,000. 81.17% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Halim Dhanidina sold 1,700 shares of the company’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 sale, the director now owns 13,206 shares in the company, valued at approximately $803,585.10. This represents a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 5.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on FNF. Deutsche Bank Aktiengesellschaft lifted their target price on Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a report on Wednesday, August 7th. Barclays lifted their target price on Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 8th. Truist Financial lifted their target price on Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Keefe, Bruyette & Woods lifted their target price on Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a report on Wednesday, September 4th. Finally, Stephens reiterated an “overweight” rating and set a $63.00 target price on shares of Fidelity National Financial in a report on Thursday, August 15th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $63.60.

Fidelity National Financial Stock Performance

Shares of Fidelity National Financial stock opened at $63.03 on Tuesday. The firm has a market cap of $17.25 billion, a price-to-earnings ratio of 22.92 and a beta of 1.37. The stock’s 50-day moving average is $60.96 and its 200-day moving average is $56.27. Fidelity National Financial, Inc. has a one year low of $44.80 and a one year high of $64.83. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). The firm had revenue of $3.60 billion during 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 business’s revenue for the quarter was up 29.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.23 earnings per share. Equities analysts predict that Fidelity National Financial, Inc. will post 4.5 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.17%. The ex-dividend date is Tuesday, December 17th. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s dividend payout ratio is presently 69.82%.

Fidelity National Financial 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.