Parkside Financial Bank & Trust Boosts Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Parkside Financial Bank & Trust increased its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 50.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 622 shares of the financial services provider’s stock after purchasing an additional 209 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Fidelity National Financial were worth $35,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of FNF. Capital Performance Advisors LLP bought a new position in Fidelity National Financial during the 3rd quarter valued at about $32,000. Brooklyn Investment Group purchased a new position in shares of Fidelity National Financial during the third quarter valued at approximately $35,000. Kestra Investment Management LLC bought a new position in Fidelity National Financial during the fourth quarter valued at approximately $37,000. True Wealth Design LLC purchased a new stake in Fidelity National Financial in the third quarter worth approximately $41,000. Finally, Larson Financial Group LLC grew its position in Fidelity National Financial by 141.1% in the 3rd quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 402 shares during the period. 81.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on FNF shares. Truist Financial increased their price target on Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a report on Monday, November 11th. Stephens increased their target price on Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, February 24th. StockNews.com downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday. Keefe, Bruyette & Woods lowered their price objective on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and boosted their target price for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Fidelity National Financial has a consensus rating of “Moderate Buy” and an average price target of $70.40.

Insiders Place Their Bets

In other news, Director Sandra Douglass Morgan sold 2,092 shares of Fidelity National Financial stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total transaction of $117,842.36. Following the sale, the director now owns 32,386 shares in the company, valued at $1,824,303.38. This trade represents a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Halim Dhanidina sold 2,800 shares of the company’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $54.85, for a total transaction of $153,580.00. Following the transaction, the director now owns 16,716 shares of the company’s stock, valued at approximately $916,872.60. This represents a 14.35 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by company insiders.

Fidelity National Financial Trading Up 0.3 %

Shares of NYSE:FNF opened at $64.74 on Tuesday. The stock has a 50 day moving average of $57.92 and a 200 day moving average of $59.37. The company has a market cap of $17.72 billion, a PE ratio of 13.92 and a beta of 1.39. Fidelity National Financial, Inc. has a 12-month low of $46.85 and a 12-month high of $65.65. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. The business had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.33 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. During the same period in the prior year, the business posted $0.75 earnings per share. As a group, equities research analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend is Monday, March 17th. Fidelity National Financial’s dividend payout ratio is currently 43.01%.

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.