Embree Financial Group Buys 345 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

20 Oct 2024, 09:09 by Scott Moore · The Cerbat Gem

Embree Financial Group lifted its stake in Fidelity National Financial, Inc. (NYSE:FNF – Free Report) by 5.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,438 shares of the financial services provider’s stock after acquiring an additional 345 shares during the period. Embree Financial Group’s holdings in Fidelity National Financial were worth $400,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Fidelity National Financial by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 26,875,738 shares of the financial services provider’s stock valued at $1,427,102,000 after buying an additional 728,768 shares during the last quarter. Windacre Partnership LLC grew its holdings in Fidelity National Financial by 9.6% in the 1st quarter. Windacre Partnership LLC now owns 16,249,267 shares of the financial services provider’s stock valued at $862,836,000 after buying an additional 1,424,767 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Fidelity National Financial by 8.5% in the 2nd quarter. Victory Capital Management Inc. now owns 8,181,554 shares of the financial services provider’s stock valued at $404,332,000 after buying an additional 640,829 shares during the last quarter. Cooke & Bieler LP grew its holdings in Fidelity National Financial by 3.2% in the 2nd quarter. Cooke & Bieler LP now owns 5,937,596 shares of the financial services provider’s stock valued at $293,436,000 after buying an additional 184,078 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Fidelity National Financial by 2.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,428,258 shares of the financial services provider’s stock valued at $169,421,000 after buying an additional 77,118 shares during the last quarter. 81.17% of the stock is owned by institutional investors.

Fidelity National Financial Price Performance

Shares of NYSE:FNF opened at $62.16 on Friday. Fidelity National Financial, Inc. has a 1-year low of $37.10 and a 1-year high of $62.97. The firm has a market capitalization of $16.98 billion, a PE ratio of 20.45 and a beta of 1.36. The business’s 50 day moving average is $59.50 and its 200-day moving average is $53.98. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.52.

Fidelity National Financial (NYSE:FNF – Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share for the quarter, missing the consensus estimate of $1.27 by ($0.03). The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.20 billion. Fidelity National Financial had a return on equity of 14.48% and a net margin of 7.19%. Fidelity National Financial’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.01 EPS. Sell-side analysts predict that Fidelity National Financial, Inc. will post 4.53 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.92 annualized dividend and a dividend yield of 3.09%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 63.16%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on FNF. StockNews.com lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. Barclays raised their target price on Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft raised their target price on Fidelity National Financial from $61.00 to $63.00 and gave the company a “hold” rating in a report on Wednesday, August 7th. Truist Financial raised their target price on Fidelity National Financial from $62.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods lifted their price objective on Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a report on Wednesday, September 4th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $62.40.

Read Our Latest Stock Report on FNF

Insider Buying and Selling

In related news, Director Halim Dhanidina sold 1,700 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $60.85, for a total transaction of $103,445.00. Following the completion of the transaction, the director now owns 13,206 shares in the company, valued at $803,585.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.20% of the stock is owned by corporate insiders.

About Fidelity National Financial

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