B. Riley Wealth Advisors Inc. Trims Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

B. Riley Wealth Advisors Inc. trimmed its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 14.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,868 shares of the financial services provider’s stock after selling 2,066 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Fidelity National Financial were worth $730,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Swedbank AB boosted its stake in Fidelity National Financial by 25.1% in the third quarter. Swedbank AB now owns 42,375 shares of the financial services provider’s stock valued at $2,630,000 after acquiring an additional 8,511 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Fidelity National Financial by 61.0% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 49,707 shares of the financial services provider’s stock valued at $2,457,000 after purchasing an additional 18,838 shares during the period. Horizon Kinetics Asset Management LLC grew its stake in Fidelity National Financial by 35.1% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 58,071 shares of the financial services provider’s stock worth $3,604,000 after buying an additional 15,100 shares during the last quarter. Cyndeo Wealth Partners LLC grew its stake in Fidelity National Financial by 8.0% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 116,894 shares of the financial services provider’s stock worth $7,254,000 after buying an additional 8,618 shares during the last quarter. Finally, Sei Investments Co. increased its position in Fidelity National Financial by 1,051.5% during the second quarter. Sei Investments Co. now owns 131,186 shares of the financial services provider’s stock worth $6,483,000 after buying an additional 119,793 shares during the period. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Price Performance

Shares of NYSE FNF opened at $55.56 on Thursday. 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 company has a market cap of $15.20 billion, a PE ratio of 20.20 and a beta of 1.36. The stock has a fifty day moving average price of $60.89 and a 200 day moving average price of $57.02. Fidelity National Financial, Inc. has a 1-year low of $46.85 and a 1-year high of $64.83.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.11). The firm had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.32 billion. Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The firm’s revenue was up 29.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.23 EPS. Sell-side analysts forecast that Fidelity National Financial, Inc. will post 4.57 EPS for the current year.

Fidelity National Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a dividend of $0.50 per share. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, December 17th. This represents a $2.00 annualized dividend and a yield of 3.60%. Fidelity National Financial’s payout ratio is presently 72.73%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FNF. Truist Financial raised their target price on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Keefe, Bruyette & Woods raised their price objective on shares of Fidelity National Financial from $63.00 to $64.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 10th. Finally, Barclays lifted their price objective on shares of 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 issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $63.80.

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.