Allstate Corp Purchases Shares of 9,729 Fidelity National Financial, Inc. $FNF

Allstate Corp purchased a new position in Fidelity National Financial, Inc. (NYSE:FNF) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,729 shares of the financial services provider’s stock, valued at approximately $589,000.

A number of other large investors have also modified their holdings of the stock. Quent Capital LLC purchased a new position in Fidelity National Financial in the third quarter valued at $26,000. Blue Trust Inc. increased its holdings in Fidelity National Financial by 4,545.5% during the 2nd quarter. Blue Trust Inc. now owns 511 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 500 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in Fidelity National Financial in the 2nd quarter valued at about $29,000. Mather Group LLC. purchased a new position in shares of Fidelity National Financial in the 3rd quarter valued at about $29,000. Finally, Headlands Technologies LLC purchased a new position in shares of Fidelity National Financial in the 2nd quarter valued at about $32,000. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $55.90, for a total value of $335,400.00. Following the completion of the sale, the director owned 13,186 shares in the company, valued at approximately $737,097.40. The trade was a 31.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel D. Lane sold 6,367 shares of the stock in a transaction that occurred 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 directly owned 276,308 shares of the company’s stock, valued at $15,923,630.04. The trade was a 2.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 5.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

FNF has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating in a research note on Sunday, January 18th. National Bankshares set a $63.00 price target on shares of Fidelity National Financial in a report on Tuesday, January 6th. Barclays reduced their price objective on shares of Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 6th. Stephens started coverage on shares of Fidelity National Financial in a research note on Friday, November 14th. They set an “overweight” rating for the company. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Fidelity National Financial in a report on Monday, December 29th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Fidelity National Financial currently has an average rating of “Moderate Buy” and an average target price of $68.25.

Fidelity National Financial Trading Up 1.6%

Shares of Fidelity National Financial stock opened at $54.87 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.47. The company has a fifty day simple moving average of $56.15 and a 200-day simple moving average of $57.13. The stock has a market cap of $15.43 billion, a price-to-earnings ratio of 13.23 and a beta of 1.00. Fidelity National Financial, Inc. has a 12-month low of $50.61 and a 12-month high of $66.72.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Monday, November 10th. The financial services provider reported $1.63 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.20. Fidelity National Financial had a net margin of 8.34% and a return on equity of 15.06%. The firm had revenue of $4.03 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same period in the previous year, the company earned $1.30 earnings per share. Fidelity National Financial’s quarterly revenue was up 11.9% compared to the same quarter last year. On average, equities analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Wednesday, December 17th. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.50. Fidelity National Financial’s dividend payout ratio (DPR) is presently 50.12%.

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.