GAMMA Investing LLC Buys 207 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

GAMMA Investing LLC boosted its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 10.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,155 shares of the financial services provider’s stock after acquiring an additional 207 shares during the quarter. GAMMA Investing LLC’s holdings in Fidelity National Financial were worth $114,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC grew its holdings in Fidelity National Financial by 2.9% during the 4th quarter. First Eagle Investment Management LLC now owns 6,113,602 shares of the financial services provider’s stock worth $311,916,000 after acquiring an additional 171,521 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Fidelity National Financial by 195.2% in the 4th quarter. Victory Capital Management Inc. now owns 4,261,568 shares of the financial services provider’s stock valued at $217,425,000 after purchasing an additional 2,818,001 shares during the last quarter. Confluence Investment Management LLC bought a new position in shares of Fidelity National Financial in the 1st quarter valued at about $135,347,000. Northern Trust Corp boosted its stake in shares of Fidelity National Financial by 41.9% in the 3rd quarter. Northern Trust Corp now owns 2,364,867 shares of the financial services provider’s stock valued at $97,669,000 after purchasing an additional 698,322 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Fidelity National Financial by 6.4% in the 3rd quarter. Legal & General Group Plc now owns 1,930,540 shares of the financial services provider’s stock valued at $79,731,000 after purchasing an additional 116,393 shares during the last quarter. Institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Up 0.6 %

Fidelity National Financial stock opened at $49.58 on Friday. The company’s 50 day simple moving average is $50.25 and its 200 day simple moving average is $50.25. Fidelity National Financial, Inc. has a fifty-two week low of $33.61 and a fifty-two week high of $53.96. The firm has a market capitalization of $13.55 billion, a price-to-earnings ratio of 16.31 and a beta of 1.35. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.21 and a quick ratio of 0.21.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.08). Fidelity National Financial had a return on equity of 14.24% and a net margin of 6.55%. The firm had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same period in the previous year, the business earned $0.52 EPS. The firm’s revenue was up 33.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Fidelity National Financial, Inc. will post 4.67 EPS for the current year.

Fidelity National Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.48 per share. The ex-dividend date is Friday, June 14th. This represents a $1.92 annualized dividend and a yield of 3.87%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 63.16%.

Insiders Place Their Bets

In other Fidelity National Financial news, Director Halim Dhanidina sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $50.64, for a total transaction of $151,920.00. Following the sale, the director now directly owns 14,906 shares in the company, valued at approximately $754,839.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Fidelity National Financial news, Director Halim Dhanidina sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $50.64, for a total transaction of $151,920.00. Following the sale, the director now directly owns 14,906 shares in the company, valued at approximately $754,839.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Anthony Park sold 85,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $50.82, for a total transaction of $4,319,700.00. Following the sale, the chief financial officer now owns 99,049 shares in the company, valued at $5,033,670.18. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on FNF shares. Stephens raised their target price on shares of Fidelity National Financial from $59.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, May 10th. Barclays raised their target price on shares of Fidelity National Financial from $52.00 to $56.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Fidelity National Financial from $56.00 to $55.00 and set a “market perform” rating on the stock in a research note on Monday, May 13th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $55.80.

Fidelity National Financial 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.