Franklin Resources Inc. cut its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 7.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 163,708 shares of the financial services provider's stock after selling 12,716 shares during the quarter. Franklin Resources Inc. owned approximately 0.06% of Fidelity National Financial worth $9,989,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. ZWJ Investment Counsel Inc. increased its holdings in Fidelity National Financial by 1.0% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 19,740 shares of the financial services provider's stock worth $1,225,000 after purchasing an additional 195 shares during the period. Commerce Bank increased its stake in shares of Fidelity National Financial by 3.5% during the third quarter. Commerce Bank now owns 5,991 shares of the financial services provider's stock valued at $372,000 after buying an additional 200 shares during the period. Intech Investment Management LLC increased its stake in shares of Fidelity National Financial by 1.3% during the second quarter. Intech Investment Management LLC now owns 15,336 shares of the financial services provider's stock valued at $758,000 after buying an additional 202 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Fidelity National Financial by 13.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider's stock worth $87,000 after acquiring an additional 213 shares during the period. Finally, First Horizon Advisors Inc. grew its holdings in Fidelity National Financial by 32.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 878 shares of the financial services provider's stock worth $55,000 after acquiring an additional 216 shares in the last quarter. Institutional investors own 81.17% of the company's stock.
Several equities research analysts have recently commented on FNF shares. Truist Financial boosted their price target on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a "buy" rating in a report on Monday, November 11th. Barclays boosted their price objective on shares of Fidelity National Financial from $56.00 to $59.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods increased their target price on Fidelity National Financial from $63.00 to $64.00 and gave the company a "market perform" rating in a research report on Tuesday, December 10th. 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 an average rating of "Hold" and a consensus target price of $63.80.
Get Our Latest Analysis on FNF
NYSE FNF opened at $56.11 on Friday. Fidelity National Financial, Inc. has a 52 week low of $46.85 and a 52 week high of $64.83. The company has a 50 day moving average price of $60.73 and a 200 day moving average price of $57.08. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The firm has a market cap of $15.35 billion, a PE ratio of 20.40 and a beta of 1.36.
Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.41 by ($0.11). The business had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The business's revenue for the quarter was up 29.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.23 earnings per share. As a group, sell-side analysts forecast that Fidelity National Financial, Inc. will post 4.57 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, December 17th. This is a boost from Fidelity National Financial's previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a yield of 3.56%. Fidelity National Financial's dividend payout ratio (DPR) is 72.73%.
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.
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