Fidelity National Financial, Inc. $FNF Shares Purchased by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC boosted its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 213.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,209 shares of the financial services provider’s stock after purchasing an additional 11,046 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Fidelity National Financial were worth $752,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in FNF. Fifth Third Wealth Advisors LLC increased its stake in shares of Fidelity National Financial by 34.3% in the first quarter. Fifth Third Wealth Advisors LLC now owns 11,488 shares of the financial services provider’s stock worth $533,000 after buying an additional 2,937 shares during the last quarter. OP Asset Management Ltd bought a new position in Fidelity National Financial during the 1st quarter valued at $1,292,000. Legal Advantage Investments Inc. boosted its stake in Fidelity National Financial by 9.4% during the 1st quarter. Legal Advantage Investments Inc. now owns 32,730 shares of the financial services provider’s stock valued at $1,518,000 after acquiring an additional 2,800 shares during the last quarter. Centennial Wealth Advisory LLC grew its holdings in Fidelity National Financial by 11.4% during the 1st quarter. Centennial Wealth Advisory LLC now owns 5,373 shares of the financial services provider’s stock worth $249,000 after acquiring an additional 551 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in Fidelity National Financial by 177.0% during the 1st quarter. SG Americas Securities LLC now owns 138,532 shares of the financial services provider’s stock worth $6,425,000 after acquiring an additional 88,523 shares in the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Fidelity National Financial

In other news, EVP Peter T. Sadowski sold 69,196 shares of the stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $45.70, for a total transaction of $3,162,257.20. Following the sale, the executive vice president directly owned 5,702 shares in the company, valued at approximately $260,581.40. This represents a 92.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Barclays cut their target price on shares of Fidelity National Financial from $54.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Monday, May 11th. Stephens decreased their price target on Fidelity National Financial from $61.00 to $58.00 and set an “overweight” rating for the company in a research note on Tuesday, May 12th. National Bank Financial set a $50.00 price objective on Fidelity National Financial in a research note on Monday, May 11th. Weiss Ratings restated a “hold (c)” rating on shares of Fidelity National Financial in a research note on Thursday, June 11th. Finally, Keefe, Bruyette & Woods reduced their target price on Fidelity National Financial from $67.00 to $64.00 and set an “outperform” rating on the stock in a report on Thursday, June 25th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $55.50.

Fidelity National Financial Trading Up 2.0%

Fidelity National Financial stock opened at $48.88 on Friday. The firm’s 50-day moving average is $48.47 and its 200-day moving average is $50.66. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.25 and a current ratio of 0.25. Fidelity National Financial, Inc. has a 1 year low of $42.78 and a 1 year high of $61.40. The company has a market cap of $13.16 billion, a P/E ratio of 17.86, a PEG ratio of 0.69 and a beta of 0.96.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.93 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.16). The business had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.61 billion. Fidelity National Financial had a net margin of 5.10% and a return on equity of 15.49%. Fidelity National Financial’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.78 EPS. On average, equities analysts expect that Fidelity National Financial, Inc. will post 5.29 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Tuesday, June 16th. Fidelity National Financial’s payout ratio is presently 75.91%.

About Fidelity National Financial

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.