Fidelity National Financial, Inc. $FNF Shares Sold by Schwartz Investment Counsel Inc.

by · The Cerbat Gem

Schwartz Investment Counsel Inc. reduced its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF – Free Report) by 7.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 615,000 shares of the financial services provider’s stock after selling 50,000 shares during the period. Schwartz Investment Counsel Inc. owned approximately 0.23% of Fidelity National Financial worth $37,201,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in FNF. Islay Capital Management LLC increased its holdings in shares of Fidelity National Financial by 2.3% in the second quarter. Islay Capital Management LLC now owns 8,865 shares of the financial services provider’s stock valued at $497,000 after purchasing an additional 200 shares during the period. Burney Co. boosted its position in Fidelity National Financial by 1.4% in the third quarter. Burney Co. now owns 17,406 shares of the financial services provider’s stock valued at $1,053,000 after buying an additional 243 shares during the last quarter. Centennial Wealth Advisory LLC increased its holdings in Fidelity National Financial by 5.7% in the 3rd quarter. Centennial Wealth Advisory LLC now owns 4,579 shares of the financial services provider’s stock worth $277,000 after buying an additional 248 shares during the period. Fisher Asset Management LLC raised its position in Fidelity National Financial by 7.7% during the 2nd quarter. Fisher Asset Management LLC now owns 3,633 shares of the financial services provider’s stock worth $204,000 after buying an additional 260 shares during the last quarter. Finally, Confluence Wealth Services Inc. lifted its stake in Fidelity National Financial by 1.1% during the 2nd quarter. Confluence Wealth Services Inc. now owns 25,130 shares of the financial services provider’s stock valued at $1,409,000 after acquiring an additional 267 shares during the period. 81.17% of the stock is owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Up 0.3%

Shares of FNF opened at $52.88 on Monday. The firm has a market cap of $14.87 billion, a P/E ratio of 12.75 and a beta of 1.00. Fidelity National Financial, Inc. has a 12 month low of $50.61 and a 12 month high of $66.72. The stock’s 50 day moving average is $56.53 and its two-hundred day moving average is $57.24. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.47.

Fidelity National Financial (NYSE:FNF – Get Free Report) last announced its earnings results on Monday, November 10th. The financial services provider reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.43 by $0.20. Fidelity National Financial had a return on equity of 15.06% and a net margin of 8.34%.The business had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same period in the prior year, the company posted $1.30 EPS. The business’s quarterly revenue was up 11.9% on a year-over-year basis. Analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th were paid a dividend of $0.52 per share. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Wednesday, December 17th. Fidelity National Financial’s dividend payout ratio is presently 50.12%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Fidelity National Financial in a research note on Monday, December 29th. Barclays reduced their price objective on Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 6th. Keefe, Bruyette & Woods upped their target price on Fidelity National Financial from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, December 18th. Stephens started coverage on Fidelity National Financial in a research report on Friday, November 14th. They set an “overweight” rating for the company. Finally, Wall Street Zen upgraded Fidelity National Financial from a “hold” rating to a “buy” rating in a research report on Sunday. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $68.25.

Read Our Latest Stock Report on Fidelity National Financial

Insider Activity

In other news, Director Halim Dhanidina sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $55.90, for a total value of $335,400.00. Following the transaction, the director owned 13,186 shares in the company, valued at $737,097.40. This trade represents a 31.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Daniel D. Lane sold 6,367 shares of Fidelity National Financial 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 in the company, valued at $15,923,630.04. This represents a 2.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 5.50% of the stock is owned by corporate insiders.

Fidelity National Financial Profile

(Free Report)

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.

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