Tocqueville Asset Management L.P. Lowers Position in Fidelity National Financial, Inc. (NYSE:FNF)

Tocqueville Asset Management L.P. cut its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 2.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,551 shares of the financial services provider’s stock after selling 216 shares during the period. Tocqueville Asset Management L.P.’s holdings in Fidelity National Financial were worth $592,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brooklyn Investment Group purchased a new stake in Fidelity National Financial in the third quarter worth about $35,000. Parkside Financial Bank & Trust increased its stake in shares of Fidelity National Financial by 50.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 209 shares in the last quarter. Kestra Investment Management LLC bought a new position in shares of Fidelity National Financial during the fourth quarter valued at approximately $37,000. True Wealth Design LLC bought a new position in shares of Fidelity National Financial during the third quarter valued at approximately $41,000. Finally, Larson Financial Group LLC increased its stake in shares of Fidelity National Financial by 141.1% during the third quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 402 shares in the last quarter. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Sandra Douglass Morgan sold 2,092 shares of the firm’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total value of $117,842.36. Following the sale, the director now owns 32,386 shares in the company, valued at approximately $1,824,303.38. This trade represents a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Halim Dhanidina sold 2,800 shares of the firm’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 transaction of $153,580.00. Following the completion of the sale, the director now owns 16,716 shares in the company, valued at $916,872.60. This represents a 14.35 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by corporate insiders.

Fidelity National Financial Price Performance

Shares of FNF opened at $64.16 on Thursday. The company has a market capitalization of $17.64 billion, a P/E ratio of 13.80 and a beta of 1.32. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The firm has a 50 day moving average of $59.57 and a 200 day moving average of $59.80. Fidelity National Financial, Inc. has a twelve month low of $46.85 and a twelve month high of $65.65.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.11. The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.33 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. During the same quarter last year, the firm earned $0.75 earnings per share. As a group, equities research analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.12%. The ex-dividend date is Monday, March 17th. Fidelity National Financial’s dividend payout ratio is currently 43.01%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. StockNews.com downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Stephens raised their target price on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and raised their target price for the company from $76.00 to $77.00 in a research note on Friday, January 3rd. Keefe, Bruyette & Woods decreased their target price on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a research note on Wednesday, January 8th. Finally, Barclays raised their price target on shares of Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a research report on Monday, February 24th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.