Fidelity National Financial, Inc. (NYSE:FNF) Shares Acquired by Ieq Capital LLC

Ieq Capital LLC raised its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 871.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 77,866 shares of the financial services provider’s stock after buying an additional 69,853 shares during the quarter. Ieq Capital LLC’s holdings in Fidelity National Financial were worth $4,371,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Swedbank AB lifted its stake in Fidelity National Financial by 25.1% during the 3rd quarter. Swedbank AB now owns 42,375 shares of the financial services provider’s stock valued at $2,630,000 after acquiring an additional 8,511 shares during the period. Everence Capital Management Inc. purchased a new position in shares of Fidelity National Financial during the 4th quarter valued at approximately $621,000. Horizon Kinetics Asset Management LLC increased its holdings in shares of Fidelity National Financial by 35.1% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 58,071 shares of the financial services provider’s stock valued at $3,604,000 after purchasing an additional 15,100 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Fidelity National Financial by 19.8% during the 4th quarter. GAMMA Investing LLC now owns 7,458 shares of the financial services provider’s stock valued at $419,000 after purchasing an additional 1,233 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of Fidelity National Financial by 4.4% during the 3rd quarter. Barclays PLC now owns 216,755 shares of the financial services provider’s stock valued at $13,451,000 after purchasing an additional 9,146 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Sandra Douglass Morgan sold 2,092 shares of the company’s stock in a transaction on Tuesday, December 24th. The shares were 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 of the company’s stock, valued at $1,824,303.38. This represents a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Halim Dhanidina sold 2,800 shares of the company’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 sale, the director now directly owns 16,716 shares of the company’s stock, valued at $916,872.60. The trade was a 14.35 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FNF shares. Keefe, Bruyette & Woods cut 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 report on Wednesday, January 8th. Truist Financial lifted their target price on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and lifted their target price for the company from $76.00 to $77.00 in a report on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $66.40.

Fidelity National Financial Price Performance

Shares of NYSE FNF opened at $59.50 on Friday. The firm has a market cap of $16.28 billion, a PE ratio of 21.64 and a beta of 1.39. The firm has a fifty day moving average of $57.26 and a 200 day moving average of $58.96. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. Fidelity National Financial, Inc. has a one year low of $46.85 and a one year high of $64.83.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, topping the consensus estimate of $1.23 by $0.11. The company had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.33 billion. Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. During the same quarter in the previous year, the firm earned $0.75 EPS. As a group, research analysts predict that Fidelity National Financial, Inc. will post 4.57 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently declared 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 3.36%. Fidelity National Financial’s payout ratio is presently 72.73%.

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.