Sanctuary Advisors LLC Acquires 90,968 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Sanctuary Advisors LLC lifted its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 136.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 157,438 shares of the financial services provider’s stock after buying an additional 90,968 shares during the quarter. Sanctuary Advisors LLC’s holdings in Fidelity National Financial were worth $9,752,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. SG Americas Securities LLC lifted its stake in shares of Fidelity National Financial by 31.1% in the 2nd quarter. SG Americas Securities LLC now owns 29,642 shares of the financial services provider’s stock valued at $1,465,000 after purchasing an additional 7,033 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in Fidelity National Financial by 5.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 20,880 shares of the financial services provider’s stock valued at $1,032,000 after purchasing an additional 1,061 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Fidelity National Financial by 2.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 17,330 shares of the financial services provider’s stock valued at $856,000 after buying an additional 342 shares during the period. Blue Trust Inc. boosted its holdings in Fidelity National Financial by 294,200.0% during the second quarter. Blue Trust Inc. now owns 5,886 shares of the financial services provider’s stock worth $313,000 after buying an additional 5,884 shares during the last quarter. Finally, Gradient Investments LLC grew its position in shares of Fidelity National Financial by 1,143.0% during the 2nd quarter. Gradient Investments LLC now owns 1,852 shares of the financial services provider’s stock worth $92,000 after buying an additional 1,703 shares during the period. 81.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FNF. Truist Financial increased their price target on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Keefe, Bruyette & Woods increased their target price on shares of Fidelity National Financial from $63.00 to $64.00 and gave the stock a “market perform” rating in a report on Tuesday. Finally, Barclays boosted their price target on shares of Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $63.80.

Insider Transactions at Fidelity National Financial

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

Fidelity National Financial Price Performance

Shares of FNF opened at $59.92 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a market capitalization of $16.40 billion, a PE ratio of 21.79 and a beta of 1.36. The stock has a 50 day simple moving average of $61.02 and a 200 day simple moving average of $56.81. Fidelity National Financial, Inc. has a 52-week low of $46.85 and a 52-week high of $64.83.

Fidelity National Financial (NYSE:FNF) last issued 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). The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.32 billion. Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The firm’s revenue was up 29.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.23 EPS. Sell-side analysts predict that Fidelity National Financial, Inc. will post 4.57 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.34%. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, December 17th. Fidelity National Financial’s payout ratio is 72.73%.

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.