Fidelity National Financial, Inc. $FNF Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 79.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 70,708 shares of the financial services provider’s stock after acquiring an additional 31,292 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Fidelity National Financial were worth $4,011,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Quent Capital LLC acquired a new stake in Fidelity National Financial in the third quarter worth about $26,000. Blue Trust Inc. raised its position in shares of Fidelity National Financial by 4,545.5% during the 2nd quarter. Blue Trust Inc. now owns 511 shares of the financial services provider’s stock worth $29,000 after buying an additional 500 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Fidelity National Financial in the 2nd quarter worth approximately $29,000. Mather Group LLC. bought a new position in shares of Fidelity National Financial in the third quarter valued at approximately $29,000. Finally, Headlands Technologies LLC bought a new position in shares of Fidelity National Financial in the second quarter valued at approximately $32,000. 81.17% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Daniel D. Lane sold 6,367 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $57.63, for a total value of $366,930.21. Following the completion of the sale, the director directly owned 276,308 shares of the company’s stock, valued at approximately $15,923,630.04. This represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Halim Dhanidina sold 6,000 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was sold at an average price of $55.90, for a total transaction of $335,400.00. Following the completion of the sale, the director owned 13,186 shares in the company, valued at approximately $737,097.40. The trade was a 31.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.50% of the stock is owned by insiders.

Fidelity National Financial Stock Performance

NYSE:FNF opened at $54.56 on Wednesday. The firm has a market capitalization of $15.34 billion, a PE ratio of 13.09, a PEG ratio of 0.69 and a beta of 1.00. Fidelity National Financial, Inc. has a 1 year low of $50.61 and a 1 year high of $66.72. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.47. The firm’s fifty day simple moving average is $55.94 and its 200 day simple moving average is $57.16.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Monday, November 10th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.20. The company had revenue of $4.03 billion during the quarter, compared to analysts’ expectations of $3.57 billion. Fidelity National Financial had a net margin of 8.34% and a return on equity of 15.06%. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.30 earnings per share. On average, sell-side analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th were issued a $0.52 dividend. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $2.08 dividend on an annualized basis and a yield of 3.8%. Fidelity National Financial’s payout ratio is 50.12%.

Analyst Ratings Changes

Several equities research analysts recently commented on FNF shares. Barclays dropped their target price on Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 6th. Stephens began coverage on Fidelity National Financial in a research report on Friday, November 14th. They set an “overweight” rating on the stock. National Bankshares set a $63.00 price objective on Fidelity National Financial in a report on Tuesday, January 6th. Wall Street Zen cut Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Fidelity National Financial in a report on Monday, December 29th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.25.

Fidelity National Financial Company Profile

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.