Donoghue Forlines LLC Takes $1.47 Million Position in Fidelity National Financial, Inc. (NYSE:FNF)

Donoghue Forlines LLC acquired a new stake in Fidelity National Financial, Inc. (NYSE:FNF) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 26,173 shares of the financial services provider’s stock, valued at approximately $1,469,000.

A number of other large investors also recently bought and sold shares of the stock. Renaissance Technologies LLC acquired a new position in shares of Fidelity National Financial in the 2nd quarter worth approximately $1,305,000. Intech Investment Management LLC lifted its stake in Fidelity National Financial by 1.3% during the second quarter. Intech Investment Management LLC now owns 15,336 shares of the financial services provider’s stock worth $758,000 after purchasing an additional 202 shares in the last quarter. Sei Investments Co. boosted its position in shares of Fidelity National Financial by 1,051.5% during the second quarter. Sei Investments Co. now owns 131,186 shares of the financial services provider’s stock worth $6,483,000 after buying an additional 119,793 shares during the period. Ensign Peak Advisors Inc grew its stake in shares of Fidelity National Financial by 6.8% in the second quarter. Ensign Peak Advisors Inc now owns 175,150 shares of the financial services provider’s stock valued at $8,656,000 after buying an additional 11,180 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Fidelity National Financial by 13.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider’s stock valued at $87,000 after buying an additional 213 shares during the period. Institutional investors and hedge funds own 81.17% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. 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 note on Monday, November 11th. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and increased their target price for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Keefe, Bruyette & Woods dropped their price target 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 increased their price objective on Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $66.40.

Fidelity National Financial Stock Down 0.0 %

FNF opened at $58.77 on Thursday. Fidelity National Financial, Inc. has a 12 month low of $46.85 and a 12 month high of $64.83. The stock has a market capitalization of $16.08 billion, a P/E ratio of 21.37 and a beta of 1.38. The business has a 50 day simple moving average of $58.87 and a 200-day simple moving average of $58.29. 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 (NYSE:FNF) last announced 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 firm had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the prior year, the business earned $1.23 EPS. The company’s quarterly revenue was up 29.7% compared to the same quarter last year. On average, equities analysts anticipate 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. Investors of record on Tuesday, December 17th were issued a $0.50 dividend. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend was Tuesday, December 17th. Fidelity National Financial’s payout ratio is presently 72.73%.

Insider Activity at Fidelity National Financial

In other news, Director Sandra Douglass Morgan sold 2,092 shares of the stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the transaction, the director now owns 32,386 shares of the company’s stock, valued at approximately $1,824,303.38. This represents a 6.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Halim Dhanidina sold 2,800 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 16,716 shares of the company’s stock, valued at approximately $916,872.60. This represents a 14.35 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.

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.