Fidelity National Financial, Inc. $FNF Shares Acquired by Ameriflex Group Inc.

Ameriflex Group Inc. boosted its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 99.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,338 shares of the financial services provider’s stock after purchasing an additional 28,626 shares during the period. Fidelity National Financial makes up approximately 1.3% of Ameriflex Group Inc.’s portfolio, making the stock its 15th biggest holding. Ameriflex Group Inc.’s holdings in Fidelity National Financial were worth $3,468,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Quent Capital LLC purchased a new position in Fidelity National Financial in the third quarter valued at about $26,000. Elevation Point Wealth Partners LLC acquired a new position in Fidelity National Financial in the 2nd quarter worth $29,000. Mather Group LLC. acquired a new position in Fidelity National Financial in the 3rd quarter worth $29,000. Atlantic Union Bankshares Corp boosted its position in Fidelity National Financial by 997.7% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 472 shares of the financial services provider’s stock valued at $29,000 after buying an additional 429 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Fidelity National Financial during the second quarter valued at about $32,000. 81.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Halim Dhanidina sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, January 5th. The shares were 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 $737,097.40. The trade was a 31.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.50% of the stock is currently owned by company insiders.

Fidelity National Financial Trading Down 0.2%

Shares of NYSE FNF opened at $50.11 on Friday. Fidelity National Financial, Inc. has a 12 month low of $48.42 and a 12 month high of $66.72. The company has a market cap of $13.59 billion, a price-to-earnings ratio of 23.58, a P/E/G ratio of 0.64 and a beta of 0.99. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.49. The business has a fifty day simple moving average of $54.16 and a 200-day simple moving average of $56.62.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Thursday, February 19th. The financial services provider reported $1.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.10). The company had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $3.66 billion. Fidelity National Financial had a return on equity of 15.06% and a net margin of 4.17%.The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.34 EPS. Sell-side analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Tuesday, March 17th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 97.65%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. National Bank Financial set a $71.00 target price on shares of Fidelity National Financial in a research report on Monday, February 23rd. Weiss Ratings cut shares of Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Keefe, Bruyette & Woods increased their target price on Fidelity National Financial from $70.00 to $71.00 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. Stephens initiated coverage on Fidelity National Financial in a report on Friday, November 14th. They set an “overweight” rating on the stock. Finally, Wall Street Zen downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Monday, January 26th. Two 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 currently has a consensus rating of “Moderate Buy” and an average target price of $68.33.

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.