Fidelity National Financial, Inc. (NYSE:FNF) Holdings Raised by Davis Capital Management

Davis Capital Management lifted its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 6.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 10,451 shares of the financial services provider’s stock after acquiring an additional 632 shares during the period. Davis Capital Management’s holdings in Fidelity National Financial were worth $587,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. ZWJ Investment Counsel Inc. raised its position in Fidelity National Financial by 1.0% in the third quarter. ZWJ Investment Counsel Inc. now owns 19,740 shares of the financial services provider’s stock worth $1,225,000 after acquiring an additional 195 shares in the last quarter. Commerce Bank raised its position in Fidelity National Financial by 3.5% in the third quarter. Commerce Bank now owns 5,991 shares of the financial services provider’s stock worth $372,000 after acquiring an additional 200 shares in the last quarter. Chesley Taft & Associates LLC raised its position in Fidelity National Financial by 1.2% in the fourth quarter. Chesley Taft & Associates LLC now owns 16,686 shares of the financial services provider’s stock worth $937,000 after acquiring an additional 200 shares in the last quarter. Intech Investment Management LLC raised its position in Fidelity National Financial by 1.3% in the second quarter. Intech Investment Management LLC now owns 15,336 shares of the financial services provider’s stock worth $758,000 after acquiring an additional 202 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Fidelity National Financial by 13.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider’s stock worth $87,000 after acquiring an additional 213 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Fidelity National Financial

In related news, Director Halim Dhanidina sold 2,800 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was 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 directly owns 16,716 shares in the company, valued at approximately $916,872.60. The trade was a 14.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sandra Douglass Morgan sold 2,092 shares of the business’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total value of $117,842.36. Following the completion of the sale, the director now 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. Company insiders own 5.20% of the company’s stock.

Fidelity National Financial Trading Up 1.3 %

NYSE:FNF opened at $58.78 on Wednesday. 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, Inc. has a fifty-two week low of $46.85 and a fifty-two week high of $64.83. The stock’s 50-day moving average is $58.96 and its two-hundred day moving average is $58.21. The stock has a market cap of $16.09 billion, a PE ratio of 21.38 and a beta of 1.38.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.11). Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The business had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.32 billion. During the same period last year, the firm earned $1.23 EPS. The company’s revenue was up 29.7% compared to the same quarter last year. As a group, equities research analysts forecast that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.40%. The ex-dividend date was Tuesday, December 17th. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s payout ratio is 72.73%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on FNF shares. Truist Financial boosted their price target on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Keefe, Bruyette & Woods cut their price objective 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. Finally, Barclays boosted their price objective on Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.40.

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.