Fidelity National Financial, Inc. (NYSE:FNF) Stake Lifted by LPL Financial LLC

LPL Financial LLC raised its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 11.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 233,716 shares of the financial services provider’s stock after buying an additional 23,546 shares during the quarter. LPL Financial LLC owned approximately 0.09% of Fidelity National Financial worth $13,121,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Fidelity National Financial during the 4th quarter valued at about $33,103,000. Jupiter Asset Management Ltd. bought a new stake in shares of Fidelity National Financial during the fourth quarter valued at approximately $32,670,000. National Pension Service boosted its position in shares of Fidelity National Financial by 648.5% during the fourth quarter. National Pension Service now owns 496,600 shares of the financial services provider’s stock worth $27,879,000 after buying an additional 430,252 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Fidelity National Financial by 4.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,412,888 shares of the financial services provider’s stock worth $472,300,000 after buying an additional 387,729 shares in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Fidelity National Financial in the 3rd quarter valued at approximately $11,469,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Stock Up 1.1 %

NYSE FNF opened at $66.64 on Thursday. Fidelity National Financial, Inc. has a 12 month low of $46.85 and a 12 month high of $66.72. The company has a market capitalization of $18.33 billion, a P/E ratio of 14.33 and a beta of 1.32. The company’s 50 day simple moving average is $61.21 and its 200 day simple moving average is $60.21. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.11. The company had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.33 billion. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. During the same quarter in the prior year, the company earned $0.75 earnings per share. Equities research analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.00%. Fidelity National Financial’s dividend payout ratio (DPR) is 43.01%.

Insider Buying and Selling

In related news, Director Halim Dhanidina sold 2,800 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $54.85, for a total value of $153,580.00. Following the completion of the sale, the director now owns 16,716 shares in the company, valued at approximately $916,872.60. This represents a 14.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

FNF has been the subject of a number of analyst reports. Stephens boosted their price target on Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, February 24th. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and increased their target price for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Barclays boosted their price target on shares of 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. StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Finally, Keefe, Bruyette & Woods dropped their target price on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.40.

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.