138,231 Shares in Fidelity National Financial, Inc. (NYSE:FNF) Bought by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC bought a new stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 138,231 shares of the financial services provider's stock, valued at approximately $7,760,000. Strategic Financial Concepts LLC owned about 0.05% of Fidelity National Financial at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of FNF. Capital Performance Advisors LLP bought a new position in Fidelity National Financial in the 3rd quarter valued at approximately $32,000. Brooklyn Investment Group purchased a new stake in Fidelity National Financial in the 3rd quarter worth $35,000. True Wealth Design LLC purchased a new position in shares of Fidelity National Financial during the third quarter valued at about $41,000. UMB Bank n.a. grew its position in shares of Fidelity National Financial by 280.6% during the third quarter. UMB Bank n.a. now owns 685 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 505 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in shares of Fidelity National Financial by 141.1% during the third quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 402 shares in the last quarter. Institutional investors own 81.17% of the company's stock.

Fidelity National Financial Price Performance

NYSE FNF traded down $0.52 during trading hours on Wednesday, hitting $56.78. 1,023,704 shares of the company's stock traded hands, compared to its average volume of 894,318. Fidelity National Financial, Inc. has a 52-week low of $46.85 and a 52-week high of $64.83. The company has a market capitalization of $15.54 billion, a PE ratio of 20.65 and a beta of 1.39. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The firm's 50-day moving average is $57.73 and its 200-day moving average is $58.88.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on FNF. Keefe, Bruyette & Woods lowered their price target on shares of Fidelity National Financial from $64.00 to $63.00 and set a "market perform" rating for the company in a report on Wednesday, January 8th. Truist Financial lifted their price target on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a "hold" rating to a "buy" rating and lifted their price objective for the company from $76.00 to $77.00 in a report on Friday, January 3rd. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $66.40.

Insiders Place Their Bets

In other news, Director Sandra Douglass Morgan sold 2,092 shares of the business's stock in a transaction dated Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total transaction of $117,842.36. Following the transaction, the director now directly owns 32,386 shares in the company, valued at $1,824,303.38. The trade was a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Halim Dhanidina sold 2,800 shares of the company's stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $54.85, for a total transaction of $153,580.00. Following the transaction, the director now owns 16,716 shares in the company, valued at $916,872.60. The trade was a 14.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.20% of the company's stock.

About Fidelity National Financial

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products.