Impact Partnership Wealth LLC Sells 4,697 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Impact Partnership Wealth LLC decreased its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 34.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,908 shares of the financial services provider’s stock after selling 4,697 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Fidelity National Financial were worth $500,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new stake in shares of Fidelity National Financial in the 3rd quarter valued at about $32,000. Brooklyn Investment Group acquired a new position in Fidelity National Financial during the third quarter valued at approximately $35,000. True Wealth Design LLC acquired a new position in Fidelity National Financial during the third quarter valued at approximately $41,000. UMB Bank n.a. increased its stake in Fidelity National Financial by 280.6% in the third quarter. UMB Bank n.a. now owns 685 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 505 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in Fidelity National Financial by 141.1% in the third quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 402 shares during the period. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Price Performance

Shares of Fidelity National Financial stock opened at $57.61 on Friday. The company has a 50-day simple moving average of $58.87 and a two-hundred day simple moving average of $58.29. The stock has a market capitalization of $15.76 billion, a price-to-earnings ratio of 20.95 and a beta of 1.38. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a twelve month low of $46.85 and a twelve month high of $64.83.

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 (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.32 billion. During the same period in the prior year, the company earned $1.23 EPS. The business’s quarterly revenue was up 29.7% compared to the same quarter last year. Analysts forecast that Fidelity National Financial, Inc. will post 4.57 EPS for the current year.

Fidelity National Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were paid a $0.50 dividend. The ex-dividend date was Tuesday, December 17th. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 3.47%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 72.73%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on FNF shares. 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. Keefe, Bruyette & Woods lowered their price target on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and increased their target price for the stock from $76.00 to $77.00 in a research note on Friday, January 3rd. Finally, Truist Financial upped their price target on Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Fidelity National Financial presently has an average rating of “Moderate Buy” and a consensus target price of $66.40.

Insider Activity at Fidelity National Financial

In other Fidelity National Financial news, Director Sandra Douglass Morgan sold 2,092 shares of the firm’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total value of $117,842.36. Following the transaction, the director now directly owns 32,386 shares of the company’s stock, valued at approximately $1,824,303.38. This trade represents a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial stock in a transaction on Friday, January 10th. The stock was sold at an average price of $54.85, for a total transaction of $153,580.00. Following the transaction, the director now directly owns 16,716 shares in the company, valued at $916,872.60. This represents a 14.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by corporate insiders.

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.