Brighton Jones LLC Increases Stake in Fidelity National Financial, Inc. $FNF

Brighton Jones LLC raised its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 92.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,103 shares of the financial services provider’s stock after buying an additional 9,154 shares during the period. Brighton Jones LLC’s holdings in Fidelity National Financial were worth $1,156,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Flputnam Investment Management Co. boosted its holdings in Fidelity National Financial by 8.3% in the third quarter. Flputnam Investment Management Co. now owns 5,649 shares of the financial services provider’s stock valued at $342,000 after purchasing an additional 433 shares during the period. Board of the Pension Protection Fund purchased a new position in shares of Fidelity National Financial in the 3rd quarter valued at about $393,000. Dynamic Advisor Solutions LLC grew its position in shares of Fidelity National Financial by 1.7% during the third quarter. Dynamic Advisor Solutions LLC now owns 57,194 shares of the financial services provider’s stock worth $3,460,000 after buying an additional 931 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Fidelity National Financial by 8.6% during the third quarter. GAMMA Investing LLC now owns 11,798 shares of the financial services provider’s stock worth $714,000 after buying an additional 935 shares during the period. Finally, Praxis Investment Management Inc. raised its holdings in Fidelity National Financial by 63.8% in the third quarter. Praxis Investment Management Inc. now owns 17,400 shares of the financial services provider’s stock valued at $1,053,000 after acquiring an additional 6,780 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Insider Activity at Fidelity National Financial

In related news, Director Daniel D. Lane sold 6,367 shares of the company’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $57.63, for a total value of $366,930.21. Following the completion of the sale, the director owned 276,308 shares in the company, valued at $15,923,630.04. This represents a 2.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.50% of the stock is owned by insiders.

Fidelity National Financial Stock Up 0.5%

FNF opened at $54.98 on Thursday. Fidelity National Financial, Inc. has a one year low of $50.61 and a one year high of $66.72. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.25 and a current ratio of 0.25. The stock has a market capitalization of $15.46 billion, a P/E ratio of 13.26 and a beta of 1.01. The business’s 50-day simple moving average is $57.03 and its 200-day simple moving average is $57.37.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Thursday, July 13th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter. The firm had revenue of $3.17 billion for the quarter. Fidelity National Financial had a return on equity of 15.06% and a net margin of 8.34%. Analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Wednesday, December 17th. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.50. Fidelity National Financial’s dividend payout ratio is presently 50.12%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on FNF shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Fidelity National Financial in a report on Monday, December 15th. National Bankshares set a $72.00 target price on shares of Fidelity National Financial in a research note on Thursday, December 18th. Stephens assumed coverage on Fidelity National Financial in a research note on Friday, November 14th. They issued an “overweight” rating on the stock. Wall Street Zen raised Fidelity National Financial from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. Finally, Barclays reiterated a “cautious” rating on shares of Fidelity National Financial in a report on Monday, October 6th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.00.

Fidelity National Financial Profile

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.