Desjardins Global Asset Management Inc. Has $1.65 Million Position in Fidelity National Financial, Inc. (NYSE:FNF)

Desjardins Global Asset Management Inc. lifted its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 50.6% during the fourth quarter, HoldingsChannel reports. The firm owned 32,303 shares of the financial services provider’s stock after acquiring an additional 10,851 shares during the quarter. Desjardins Global Asset Management Inc.’s holdings in Fidelity National Financial were worth $1,648,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. United Asset Strategies Inc. acquired a new stake in Fidelity National Financial in the 4th quarter valued at approximately $533,000. Crescent Grove Advisors LLC raised its position in Fidelity National Financial by 18.1% in the 4th quarter. Crescent Grove Advisors LLC now owns 273,401 shares of the financial services provider’s stock valued at $13,949,000 after buying an additional 41,963 shares during the last quarter. Cornercap Investment Counsel Inc. raised its position in Fidelity National Financial by 1.7% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 65,280 shares of the financial services provider’s stock valued at $3,331,000 after buying an additional 1,105 shares during the last quarter. Lecap Asset Management Ltd. acquired a new stake in Fidelity National Financial in the 4th quarter valued at approximately $1,335,000. Finally, Louisiana State Employees Retirement System acquired a new stake in Fidelity National Financial in the 4th quarter valued at approximately $3,704,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Barclays lifted their target price on Fidelity National Financial from $52.00 to $56.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Keefe, Bruyette & Woods lifted their target price on Fidelity National Financial from $54.00 to $56.00 and gave the company a “market perform” rating in a research report on Thursday, March 21st. Deutsche Bank Aktiengesellschaft assumed coverage on Fidelity National Financial in a research report on Wednesday, January 10th. They set a “hold” rating on the stock. Finally, Truist Financial boosted their price target on Fidelity National Financial from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $54.20.

Insider Activity at Fidelity National Financial

In related news, Director Cary H. Thompson sold 23,410 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $51.11, for a total value of $1,196,485.10. Following the completion of the sale, the director now directly owns 40,317 shares in the company, valued at approximately $2,060,601.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.40% of the stock is currently owned by corporate insiders.

Fidelity National Financial Stock Performance

Shares of NYSE FNF opened at $47.10 on Wednesday. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.52. Fidelity National Financial, Inc. has a 12 month low of $32.02 and a 12 month high of $53.96. The stock has a 50 day moving average of $51.02 and a 200-day moving average of $47.36. The company has a market capitalization of $12.87 billion, a P/E ratio of 24.66 and a beta of 1.34.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, February 21st. The financial services provider reported $0.75 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.27). Fidelity National Financial had a return on equity of 13.91% and a net margin of 4.40%. The business had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter in the prior year, the firm posted $1.06 earnings per share. As a group, equities research analysts predict that Fidelity National Financial, Inc. will post 4.81 EPS for the current year.

Fidelity National Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.48 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.92 annualized dividend and a yield of 4.08%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 100.52%.

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.