Donoghue Forlines LLC Purchases New Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Donoghue Forlines LLC acquired a new position in Fidelity National Financial, Inc. (NYSE:FNF) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 26,173 shares of the financial services provider’s stock, valued at approximately $1,469,000.

Other hedge funds also recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new position in shares of Fidelity National Financial in the third quarter valued at $32,000. Brooklyn Investment Group acquired a new stake in Fidelity National Financial during the third quarter worth $35,000. True Wealth Design LLC bought a new stake in Fidelity National Financial in the 3rd quarter valued at $41,000. UMB Bank n.a. raised its stake in shares of Fidelity National Financial by 280.6% in the 3rd quarter. UMB Bank n.a. now owns 685 shares of the financial services provider’s stock valued at $43,000 after buying an additional 505 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in shares of Fidelity National Financial by 141.1% in the 3rd quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock valued at $43,000 after buying an additional 402 shares in the last quarter. Institutional investors own 81.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on FNF. 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 on the stock in a research report on Wednesday, January 8th. Barclays lifted their price objective on Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Truist Financial increased 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. Finally, Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and boosted their price target for the company from $76.00 to $77.00 in a research note on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $66.40.

Fidelity National Financial Stock Down 0.0 %

Shares of FNF opened at $58.77 on Thursday. The company has a market capitalization of $16.08 billion, a P/E ratio of 21.37 and a beta of 1.38. Fidelity National Financial, Inc. has a one year low of $46.85 and a one year high of $64.83. The business’s 50 day simple moving average is $58.87 and its 200-day simple moving average is $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 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.11). Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the previous year, the company posted $1.23 EPS. Fidelity National Financial’s revenue for the quarter was up 29.7% on a year-over-year basis. As a group, sell-side analysts predict that Fidelity National Financial, Inc. will post 4.57 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

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

Insider Buying and Selling at Fidelity National Financial

In other news, Director Sandra Douglass Morgan sold 2,092 shares of the company’s stock in a transaction 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 transaction, the director now owns 32,386 shares of the company’s stock, valued at $1,824,303.38. This represents a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial stock in a transaction dated 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 owns 16,716 shares of the company’s stock, valued at approximately $916,872.60. The trade was a 14.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

Fidelity National Financial 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.