Sterling Investment Advisors Ltd. Sells 1,705 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Sterling Investment Advisors Ltd. decreased its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 4.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,545 shares of the financial services provider’s stock after selling 1,705 shares during the quarter. Sterling Investment Advisors Ltd.’s holdings in Fidelity National Financial were worth $2,454,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BNP Paribas Financial Markets boosted its stake in shares of Fidelity National Financial by 673.6% during the first quarter. BNP Paribas Financial Markets now owns 666,900 shares of the financial services provider’s stock valued at $35,412,000 after purchasing an additional 580,694 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in Fidelity National Financial by 7.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 327,206 shares of the financial services provider’s stock valued at $17,375,000 after acquiring an additional 23,358 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Fidelity National Financial by 49.0% during the first quarter. Advisors Asset Management Inc. now owns 39,644 shares of the financial services provider’s stock valued at $2,105,000 after acquiring an additional 13,039 shares during the last quarter. Bayesian Capital Management LP acquired a new position in shares of Fidelity National Financial during the first quarter worth $1,494,000. Finally, Cetera Investment Advisers grew its stake in shares of Fidelity National Financial by 117.9% in the first quarter. Cetera Investment Advisers now owns 44,417 shares of the financial services provider’s stock worth $2,359,000 after purchasing an additional 24,034 shares during the last quarter. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Trading Down 1.1 %

FNF stock traded down $0.65 during mid-day trading on Friday, reaching $59.96. The company’s stock had a trading volume of 906,615 shares, compared to its average volume of 983,706. Fidelity National Financial, Inc. has a 12 month low of $37.48 and a 12 month high of $62.97. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.52. The business’s 50 day moving average price is $59.95 and its 200 day moving average price is $54.25. The company has a market cap of $16.40 billion, a price-to-earnings ratio of 17.90 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.03). The company had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.20 billion. Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the firm posted $1.01 earnings per share. On average, equities research analysts predict that Fidelity National Financial, Inc. will post 4.53 EPS for the current year.

Fidelity National Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend was Monday, September 16th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 57.31%.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 1,700 shares of the company’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 transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 5.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FNF. Barclays raised their target price on Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods lifted their price objective on Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 4th. StockNews.com downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Truist Financial raised their price target on shares of Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Fidelity National Financial presently has a consensus rating of “Hold” and an average price target of $62.40.

About Fidelity National Financial

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.