Cable Hill Partners LLC Sells 443 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Cable Hill Partners LLC reduced its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 10.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,701 shares of the financial services provider’s stock after selling 443 shares during the period. Cable Hill Partners LLC’s holdings in Fidelity National Financial were worth $230,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FNF. Opal Wealth Advisors LLC purchased a new position in shares of Fidelity National Financial in the 2nd quarter worth approximately $26,000. New Covenant Trust Company N.A. acquired a new position in Fidelity National Financial during the first quarter valued at $30,000. Covestor Ltd grew its holdings in Fidelity National Financial by 109.0% during the first quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 303 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Fidelity National Financial in the 3rd quarter valued at $32,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Fidelity National Financial during the 2nd quarter worth about $35,000. 81.17% of the stock is owned by institutional investors.

Fidelity National Financial Stock Performance

FNF opened at $60.98 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a market cap of $16.69 billion, a P/E ratio of 22.17 and a beta of 1.37. The stock’s 50 day simple moving average is $60.40 and its 200 day simple moving average is $55.27. Fidelity National Financial, Inc. has a 1-year low of $43.60 and a 1-year high of $62.97.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.32 billion. During the same period in the previous year, the business earned $1.23 EPS. The firm’s revenue was up 29.7% on a year-over-year basis. As a group, equities analysts anticipate that Fidelity National Financial, Inc. will post 4.5 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 3.28%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 72.73%.

Insider Activity at Fidelity National Financial

In related news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total value of $103,445.00. Following the transaction, the director now owns 13,206 shares in the company, valued at approximately $803,585.10. This trade represents a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Truist Financial increased their target price on Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a report on Monday. Deutsche Bank Aktiengesellschaft increased their price objective on Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Keefe, Bruyette & Woods increased their price objective on shares of Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 4th. Stephens restated an “overweight” rating and issued a $63.00 price objective on shares of Fidelity National Financial in a report on Thursday, August 15th. Finally, Barclays lifted their price objective on Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $63.60.

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.