International Assets Investment Management LLC Takes $1.67 Million Position in Fidelity National Financial, Inc. (NYSE:FNF)

International Assets Investment Management LLC bought a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 32,704 shares of the financial services provider’s stock, valued at approximately $1,669,000.

Several other large investors have also recently modified their holdings of FNF. Raymond James Financial Services Advisors Inc. increased its position in shares of Fidelity National Financial by 49.4% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 27,414 shares of the financial services provider’s stock valued at $1,339,000 after purchasing an additional 9,059 shares during the last quarter. MetLife Investment Management LLC purchased a new position in Fidelity National Financial during the 1st quarter valued at $266,000. Rhumbline Advisers boosted its holdings in Fidelity National Financial by 21.2% during the 1st quarter. Rhumbline Advisers now owns 277,396 shares of the financial services provider’s stock valued at $13,548,000 after acquiring an additional 48,434 shares during the period. Yousif Capital Management LLC boosted its holdings in Fidelity National Financial by 8.1% during the 1st quarter. Yousif Capital Management LLC now owns 9,736 shares of the financial services provider’s stock valued at $476,000 after acquiring an additional 730 shares during the period. Finally, LSV Asset Management boosted its holdings in Fidelity National Financial by 40.9% during the 1st quarter. LSV Asset Management now owns 204,300 shares of the financial services provider’s stock valued at $9,978,000 after acquiring an additional 59,308 shares during the period. Institutional investors own 81.17% of the company’s stock.

Insider Buying and Selling

In related news, Director Cary H. Thompson sold 23,410 shares of the company’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $51.11, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

Fidelity National Financial Trading Up 2.5 %

Shares of NYSE FNF opened at $48.77 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.21 and a quick ratio of 0.21. The stock has a market capitalization of $13.32 billion, a P/E ratio of 25.53 and a beta of 1.34. Fidelity National Financial, Inc. has a 1-year low of $32.02 and a 1-year high of $53.96. The business has a fifty day moving average price of $50.84 and a 200 day moving average price of $47.49.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, February 21st. The financial services provider reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.27). The company had revenue of $3.43 billion for the quarter, compared to analysts’ expectations of $2.80 billion. Fidelity National Financial had a return on equity of 13.91% and a net margin of 4.40%. During the same quarter last year, the company earned $1.06 earnings per share. Equities research analysts expect that Fidelity National Financial, Inc. will post 4.81 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date was Thursday, March 14th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 100.52%.

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.