R Squared Ltd Takes $128,000 Position in Fidelity National Financial, Inc. (NYSE:FNF)

R Squared Ltd purchased a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,280 shares of the financial services provider’s stock, valued at approximately $128,000.

Several other hedge funds have also bought and sold shares of FNF. Charles Schwab Investment Management Inc. raised its position in shares of Fidelity National Financial by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,025,159 shares of the financial services provider’s stock valued at $498,041,000 after purchasing an additional 289,962 shares during the period. Point72 Asset Management L.P. bought a new position in Fidelity National Financial in the 3rd quarter valued at about $11,469,000. CWA Asset Management Group LLC acquired a new stake in shares of Fidelity National Financial in the 3rd quarter valued at $11,100,000. Prana Capital Management LP boosted its stake in Fidelity National Financial by 1,104.7% in the third quarter. Prana Capital Management LP now owns 124,715 shares of the financial services provider’s stock valued at $7,740,000 after buying an additional 114,363 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Fidelity National Financial by 74.5% during the 2nd quarter. AQR Capital Management LLC now owns 246,918 shares of the financial services provider’s stock valued at $12,203,000 after purchasing an additional 105,444 shares during the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FNF. Truist Financial upped their target price on Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and upped their price target for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Keefe, Bruyette & Woods reduced their price objective on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a research report on Wednesday, January 8th. Finally, Barclays boosted their target price on Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Fidelity National Financial has a consensus rating of “Moderate Buy” and a consensus target price of $66.40.

Insider Transactions at Fidelity National Financial

In other news, Director Halim Dhanidina sold 2,800 shares of the company’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 sale, the director now directly owns 16,716 shares in the company, valued at $916,872.60. This represents a 14.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Sandra Douglass Morgan sold 2,092 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 32,386 shares in the company, valued at $1,824,303.38. This represents a 6.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is owned by corporate insiders.

Fidelity National Financial Price Performance

Shares of NYSE:FNF opened at $58.06 on Thursday. Fidelity National Financial, Inc. has a 1-year low of $46.85 and a 1-year high of $64.83. 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 stock has a market cap of $15.89 billion, a PE ratio of 21.11 and a beta of 1.38. The stock’s fifty day simple moving average is $58.65 and its two-hundred day simple moving average is $58.59.

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

Fidelity National Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were paid a $0.50 dividend. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. The ex-dividend date was Tuesday, December 17th. This represents a $2.00 annualized dividend and a yield of 3.45%. Fidelity National Financial’s dividend payout ratio is presently 72.73%.

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.