Jones Financial Companies Lllp Raises Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Jones Financial Companies Lllp raised its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 101.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,441 shares of the financial services provider’s stock after purchasing an additional 724 shares during the quarter. Jones Financial Companies Lllp’s holdings in Fidelity National Financial were worth $81,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in FNF. Swedbank AB lifted its holdings in shares of Fidelity National Financial by 25.1% in the third quarter. Swedbank AB now owns 42,375 shares of the financial services provider’s stock worth $2,630,000 after buying an additional 8,511 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Fidelity National Financial by 19.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider’s stock worth $75,000 after buying an additional 223 shares in the last quarter. Everence Capital Management Inc. purchased a new position in shares of Fidelity National Financial in the fourth quarter worth $621,000. Horizon Kinetics Asset Management LLC lifted its holdings in shares of Fidelity National Financial by 35.1% in the third quarter. Horizon Kinetics Asset Management LLC now owns 58,071 shares of the financial services provider’s stock worth $3,604,000 after buying an additional 15,100 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Fidelity National Financial by 19.8% in the fourth quarter. GAMMA Investing LLC now owns 7,458 shares of the financial services provider’s stock worth $419,000 after buying an additional 1,233 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Insider Activity

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

Wall Street Analyst Weigh In

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

Fidelity National Financial Trading Up 2.6 %

FNF stock opened at $64.83 on Monday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a twelve month low of $46.85 and a twelve month high of $65.65. The stock has a market capitalization of $17.83 billion, a price-to-earnings ratio of 13.94 and a beta of 1.32. The firm’s fifty day simple moving average is $59.07 and its two-hundred day simple moving average is $59.69.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, beating 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 analysts’ expectations of $3.33 billion. During the same quarter in the previous year, the business posted $0.75 earnings per share. As a group, analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed 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 yield of 3.09%. The ex-dividend date is Monday, March 17th. Fidelity National Financial’s dividend payout ratio (DPR) is 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.