Seven Eight Capital LP Takes $778,000 Position in Fidelity National Financial, Inc. (NYSE:FNF)

Seven Eight Capital LP acquired a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 15,750 shares of the financial services provider’s stock, valued at approximately $778,000.

Other hedge funds have also modified their holdings of the company. Opal Wealth Advisors LLC acquired a new position in shares of Fidelity National Financial in the 2nd quarter valued at $26,000. V Square Quantitative Management LLC purchased a new stake in Fidelity National Financial during the fourth quarter valued at about $27,000. New Covenant Trust Company N.A. acquired a new position in shares of Fidelity National Financial in the first quarter worth about $30,000. Mather Group LLC. purchased a new position in shares of Fidelity National Financial in the first quarter worth approximately $31,000. Finally, Covestor Ltd raised its holdings in shares of Fidelity National Financial by 109.0% during the first quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 303 shares during the period. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Fidelity National Financial

In related news, Director Halim Dhanidina sold 1,700 shares of Fidelity National Financial stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total value of $103,445.00. Following the completion of the sale, the director now owns 13,206 shares of the company’s stock, valued at approximately $803,585.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.20% of the stock is currently owned by company insiders.

Fidelity National Financial Price Performance

FNF opened at $60.95 on Friday. The stock has a fifty day moving average price of $56.83 and a 200 day moving average price of $52.62. 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, Inc. has a 1 year low of $37.10 and a 1 year high of $62.00. The stock has a market cap of $16.65 billion, a price-to-earnings ratio of 20.05 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.03). Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The firm had revenue of $3.16 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the prior year, the firm earned $1.01 earnings per share. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. Analysts forecast that Fidelity National Financial, Inc. will post 4.53 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.15%. The ex-dividend date is Monday, September 16th. Fidelity National Financial’s dividend payout ratio is 63.16%.

Wall Street Analyst Weigh In

FNF has been the subject of a number of recent analyst reports. Truist Financial raised their price objective on shares of Fidelity National Financial from $62.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Stephens reiterated an “overweight” rating and set a $63.00 price target on shares of Fidelity National Financial in a report on Thursday, August 15th. StockNews.com lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Keefe, Bruyette & Woods raised their price objective on Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 4th. Finally, Deutsche Bank Aktiengesellschaft upped 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. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Fidelity National Financial has an average rating of “Hold” and an average target price of $61.80.

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.