Polymer Capital Management US LLC Takes $344,000 Position in Fidelity National Financial, Inc. (NYSE:FNF)

Polymer Capital Management US LLC acquired a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 6,119 shares of the financial services provider’s stock, valued at approximately $344,000.

Other hedge funds have also modified their holdings of the company. Cerity Partners LLC boosted its holdings in shares of Fidelity National Financial by 14.4% in the 4th quarter. Cerity Partners LLC now owns 37,162 shares of the financial services provider’s stock valued at $2,117,000 after purchasing an additional 4,666 shares during the last quarter. Federated Hermes Inc. raised its position in shares of Fidelity National Financial by 423.6% in the 4th quarter. Federated Hermes Inc. now owns 139,406 shares of the financial services provider’s stock worth $7,826,000 after buying an additional 112,780 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in Fidelity National Financial in the fourth quarter valued at $117,000. Russell Investments Group Ltd. grew its position in Fidelity National Financial by 81.0% during the fourth quarter. Russell Investments Group Ltd. now owns 95,823 shares of the financial services provider’s stock valued at $5,379,000 after acquiring an additional 42,868 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in Fidelity National Financial by 1.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 888,547 shares of the financial services provider’s stock valued at $49,883,000 after acquiring an additional 9,645 shares during the period. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Trading Down 3.8 %

FNF opened at $57.80 on Tuesday. 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’s 50 day moving average is $61.36 and its 200-day moving average is $60.20. The firm has a market capitalization of $15.89 billion, a P/E ratio of 12.43 and a beta of 1.09. Fidelity National Financial, Inc. has a 52-week low of $46.85 and a 52-week high of $66.72.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Thursday, February 20th. The financial services provider reported $1.34 EPS 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 analysts’ expectations of $3.33 billion. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. During the same period in the prior year, the business posted $0.75 EPS. Analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.46%. Fidelity National Financial’s dividend payout ratio (DPR) is 43.01%.

Insider Activity at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial stock in a transaction on Friday, January 10th. The shares were sold at an average price of $54.85, for a total value of $153,580.00. Following the completion of the transaction, the director now owns 16,716 shares of the company’s stock, valued at $916,872.60. The trade was a 14.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 5.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Barclays lifted their price objective on Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and increased their price objective for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd. Keefe, Bruyette & Woods reduced 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 report on Wednesday, January 8th. Finally, Stephens upped their price target on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, February 24th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.