Proficio Capital Partners LLC Invests $2.33 Million in Fidelity National Financial, Inc. (NYSE:FNF)

Proficio Capital Partners LLC acquired a new stake in Fidelity National Financial, Inc. (NYSE:FNF) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 41,544 shares of the financial services provider’s stock, valued at approximately $2,332,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of FNF. Brooklyn Investment Group purchased a new stake in shares of Fidelity National Financial during the third quarter valued at $35,000. Parkside Financial Bank & Trust grew its stake in Fidelity National Financial by 50.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 209 shares during the last quarter. Kestra Investment Management LLC acquired a new position in shares of Fidelity National Financial in the fourth quarter valued at about $37,000. True Wealth Design LLC purchased a new position in shares of Fidelity National Financial in the third quarter worth about $41,000. Finally, Larson Financial Group LLC lifted its holdings in shares of Fidelity National Financial by 141.1% during the third 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.

Insider Activity

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

Analyst Ratings Changes

Several analysts have commented on the stock. StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Stephens upped their price target on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, February 24th. Barclays increased their price target on Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Keefe, Bruyette & Woods decreased their price objective on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and raised their target price for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Fidelity National Financial has an average rating of “Moderate Buy” and an average price target of $70.40.

Fidelity National Financial Trading Down 1.3 %

Shares of Fidelity National Financial stock opened at $64.05 on Wednesday. Fidelity National Financial, Inc. has a twelve month low of $46.85 and a twelve month high of $65.65. The firm’s 50-day moving average price is $59.40 and its 200 day moving average price is $59.77. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $17.61 billion, a PE ratio of 13.77 and a beta of 1.32.

Fidelity National Financial (NYSE:FNF) last released its 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. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.33 billion. During the same period last year, the company posted $0.75 EPS. On average, sell-side analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend is Monday, March 17th. Fidelity National Financial’s dividend payout ratio is presently 43.01%.

About Fidelity National Financial

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.