Aquatic Capital Management LLC Takes Position in Fidelity National Financial, Inc. $FNF

Aquatic Capital Management LLC acquired a new position in Fidelity National Financial, Inc. (NYSE:FNF) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 83,367 shares of the financial services provider’s stock, valued at approximately $5,043,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Exchange Traded Concepts LLC increased its position in shares of Fidelity National Financial by 76.5% during the third quarter. Exchange Traded Concepts LLC now owns 50,223 shares of the financial services provider’s stock valued at $3,038,000 after purchasing an additional 21,770 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in Fidelity National Financial in the third quarter worth $14,576,000. Cooke & Bieler LP boosted its stake in Fidelity National Financial by 12.3% during the third quarter. Cooke & Bieler LP now owns 5,258,399 shares of the financial services provider’s stock worth $318,081,000 after buying an additional 574,189 shares in the last quarter. Federated Hermes Inc. boosted its stake in Fidelity National Financial by 13.4% during the second quarter. Federated Hermes Inc. now owns 165,517 shares of the financial services provider’s stock worth $9,279,000 after buying an additional 19,503 shares in the last quarter. Finally, CWM LLC increased its holdings in Fidelity National Financial by 389.7% in the 3rd quarter. CWM LLC now owns 120,505 shares of the financial services provider’s stock valued at $7,289,000 after buying an additional 95,895 shares during the period. Institutional investors own 81.17% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods increased their price objective on shares of Fidelity National Financial from $70.00 to $71.00 and gave the company an “outperform” rating in a research note on Monday, February 23rd. Barclays decreased their target price on shares of Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 6th. Weiss Ratings cut shares of Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. Wall Street Zen cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Monday, January 26th. Finally, National Bank Financial set a $71.00 price objective on Fidelity National Financial in a report on Monday, February 23rd. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $68.33.

Fidelity National Financial Trading Up 0.7%

Shares of Fidelity National Financial stock opened at $47.91 on Tuesday. Fidelity National Financial, Inc. has a 12-month low of $45.94 and a 12-month high of $66.72. The stock has a market capitalization of $12.99 billion, a P/E ratio of 22.54, a price-to-earnings-growth ratio of 0.60 and a beta of 0.99. The company has a 50-day simple moving average of $53.31 and a 200 day simple moving average of $56.06. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.49.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Thursday, February 19th. The financial services provider reported $1.41 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.10). The firm had revenue of $4.05 billion during the quarter, compared to analyst estimates of $3.66 billion. Fidelity National Financial had a net margin of 4.17% and a return on equity of 15.06%. Fidelity National Financial’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.34 earnings per share. Research analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a $0.52 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $2.08 annualized dividend and a yield of 4.3%. Fidelity National Financial’s payout ratio is presently 97.65%.

Insider Buying and Selling

In other news, Director Halim Dhanidina sold 6,000 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $55.90, for a total transaction of $335,400.00. Following the sale, the director owned 13,186 shares in the company, valued at approximately $737,097.40. This represents a 31.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.50% of the company’s stock.

Fidelity National Financial Company 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.