Tower Research Capital LLC TRC Grows Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Tower Research Capital LLC TRC increased its stake in shares of Fidelity National Financial, Inc. (NYSE:FNFFree Report) by 391.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,168 shares of the financial services provider’s stock after acquiring an additional 27,211 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Fidelity National Financial were worth $1,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. KBC Group NV raised its stake in shares of Fidelity National Financial by 845.5% during the fourth quarter. KBC Group NV now owns 631,801 shares of the financial services provider’s stock valued at $32,234,000 after acquiring an additional 564,980 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in Fidelity National Financial in the 4th quarter worth approximately $1,669,000. Teachers Retirement System of The State of Kentucky bought a new stake in shares of Fidelity National Financial in the 3rd quarter worth approximately $2,778,000. Lecap Asset Management Ltd. purchased a new position in shares of Fidelity National Financial during the fourth quarter valued at approximately $1,335,000. Finally, Principal Securities Inc. bought a new position in shares of Fidelity National Financial during the fourth quarter valued at approximately $872,000. 81.17% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on FNF shares. Stephens lifted their price target on shares of Fidelity National Financial from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, May 10th. Keefe, Bruyette & Woods decreased their price target on shares of Fidelity National Financial from $56.00 to $55.00 and set a “market perform” rating for the company in a research note on Monday, May 13th. Truist Financial lifted their price objective on Fidelity National Financial from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Finally, Barclays increased their target price on Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Fidelity National Financial presently has an average rating of “Hold” and an average price target of $55.80.

View Our Latest Research Report on Fidelity National Financial

Insiders Place Their Bets

In other Fidelity National Financial news, Director Halim Dhanidina sold 3,000 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $50.64, for a total transaction of $151,920.00. Following the completion of the sale, the director now directly owns 14,906 shares in the company, valued at approximately $754,839.84. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CFO Anthony Park sold 85,000 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $50.82, for a total transaction of $4,319,700.00. Following the completion of the transaction, the chief financial officer now directly owns 99,049 shares in the company, valued at approximately $5,033,670.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Halim Dhanidina sold 3,000 shares of the stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $50.64, for a total transaction of $151,920.00. Following the completion of the transaction, the director now directly owns 14,906 shares of the company’s stock, valued at approximately $754,839.84. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

Fidelity National Financial Price Performance

Shares of FNF opened at $48.95 on Tuesday. Fidelity National Financial, Inc. has a fifty-two week low of $33.61 and a fifty-two week high of $53.96. The firm’s 50-day simple moving average is $50.64 and its two-hundred day simple moving average is $50.03. The stock has a market cap of $13.38 billion, a PE ratio of 16.10 and a beta of 1.35. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.21 and a current ratio of 0.21.

Fidelity National Financial (NYSE:FNFGet Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.08). The company had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $2.72 billion. Fidelity National Financial had a return on equity of 14.24% and a net margin of 6.55%. The business’s quarterly revenue was up 33.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.52 EPS. Analysts anticipate that Fidelity National Financial, Inc. will post 4.67 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.92%. The ex-dividend date is Friday, June 14th. Fidelity National Financial’s dividend payout ratio is presently 63.16%.

Fidelity National Financial Company Profile

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for Fidelity National Financial (NYSE:FNF)

Receive News & Ratings for Fidelity National Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fidelity National Financial and related companies with MarketBeat.com's FREE daily email newsletter.