Several institutional investors have recently adjusted their holdings in Fidelity National Financial. For example, Opal Wealth Advisors LLC bought a new stake valued at about $26,000 in Q2. Other investors, like V Square Quantitative Management and New Covenant Trust Company, also made new investments totaling around $27,000 and $30,000, respectively. Covestor Ltd increased its stake by 109%, now owning 581 shares worth $31,000. Overall, institutional and hedge fund investors own 81.17% of the stock.
Insider Activity
In related news, Director Halim Dhanidina sold 1,700 shares on September 18 for $103,445, at an average price of $60.85. After the sale, he owns 13,206 shares, valued at around $803,585. Insiders hold 5.20% of the company.
Fidelity National Financial Stock Performance
The stock opened at $60.21 on Friday, with a market cap of $16.45 billion, a P/E ratio of 19.81, and a beta of 1.36. Its 1-year low and high are $37.10 and $62.11, respectively. The latest earnings report showed an EPS of $1.24, missing the estimate of $1.27.
Fidelity National Financial Announces Dividend
The company declared a quarterly dividend of $0.48, paid on September 30. This leads to an annualized dividend of $1.92, with a yield of 3.19%. The current dividend payout ratio is 63.16%.
Analysts Set New Price Targets
Analysts have recently adjusted their price targets for Fidelity National Financial. Deutsche Bank raised its target from $61 to $63, maintaining a “hold” rating. Keefe, Bruyette & Woods also increased their target to $63, and Truist Financial set a new goal of $64, rating it as a “buy.” Currently, four analysts recommend holding the stock, while two suggest buying.
Read Our Latest Stock Analysis on FNF
Fidelity National Financial Profile
Fidelity National Financial, Inc. provides various insurance products in the U.S., focusing on title insurance and related services.
Further Reading
- Five stocks we like better than Fidelity National Financial
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- MarketBeat Week in Review – 9/30 – 10/4
- Why Are These Companies Considered Blue Chips?
- Top Streaming Companies: Who’s Winning the Battle?
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