Exchange Traded Concepts LLC Boosts Stock Holdings in Fidelity National Financial, Inc. $FNF

Exchange Traded Concepts LLC boosted its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 76.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,223 shares of the financial services provider’s stock after purchasing an additional 21,770 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Fidelity National Financial were worth $3,038,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Fidelity National Financial by 2.1% in the second quarter. Vanguard Group Inc. now owns 27,755,047 shares of the financial services provider’s stock worth $1,555,948,000 after buying an additional 580,133 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Fidelity National Financial by 2.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 9,235,289 shares of the financial services provider’s stock worth $517,730,000 after acquiring an additional 234,288 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Fidelity National Financial by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 4,795,238 shares of the financial services provider’s stock worth $268,026,000 after acquiring an additional 37,473 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Fidelity National Financial by 93.3% during the 1st quarter. Millennium Management LLC now owns 3,764,086 shares of the financial services provider’s stock worth $244,967,000 after acquiring an additional 1,817,124 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Fidelity National Financial during the 2nd quarter valued at approximately $189,685,000. Institutional investors own 81.17% of the company’s stock.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, Director Daniel D. Lane sold 6,367 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $57.63, for a total value of $366,930.21. Following the transaction, the director directly owned 276,308 shares in the company, valued at $15,923,630.04. This represents a 2.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

FNF has been the topic of several research reports. Keefe, Bruyette & Woods boosted their price target on shares of Fidelity National Financial from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, December 18th. Wall Street Zen raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. National Bankshares set a $72.00 target price on shares of Fidelity National Financial in a research report on Thursday, December 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Fidelity National Financial in a report on Monday, December 15th. Finally, Barclays reissued a “cautious” rating on shares of Fidelity National Financial in a research note 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $72.00.

Fidelity National Financial Stock Performance

Fidelity National Financial stock opened at $54.98 on Friday. Fidelity National Financial, Inc. has a 1-year low of $50.61 and a 1-year high of $66.72. The company’s 50-day moving average is $57.03 and its 200 day moving average is $57.35. The firm has a market capitalization of $15.46 billion, a P/E ratio of 13.26 and a beta of 1.01. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.25 and a quick ratio of 0.25.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Thursday, July 13th. The financial services provider reported $0.76 earnings per share 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%. Research analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Increases Dividend

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

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.