Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by AXQ Capital LP

AXQ Capital LP trimmed its stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 46.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,372 shares of the financial services provider's stock after selling 5,429 shares during the quarter. AXQ Capital LP's holdings in Fidelity National Financial were worth $358,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Fidelity National Financial during the third quarter worth about $897,000. Commerce Bank increased its position in Fidelity National Financial by 3.5% during the 3rd quarter. Commerce Bank now owns 5,991 shares of the financial services provider's stock worth $372,000 after purchasing an additional 200 shares in the last quarter. Advisors Asset Management Inc. increased its position in Fidelity National Financial by 5.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 43,092 shares of the financial services provider's stock worth $2,674,000 after purchasing an additional 2,341 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in Fidelity National Financial by 32.6% in the third quarter. First Horizon Advisors Inc. now owns 878 shares of the financial services provider's stock valued at $55,000 after buying an additional 216 shares during the period. Finally, Raymond James Trust N.A. lifted its position in Fidelity National Financial by 2.0% during the third quarter. Raymond James Trust N.A. now owns 17,258 shares of the financial services provider's stock valued at $1,071,000 after buying an additional 341 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company's stock.

Remove Ads

Insider Buying and Selling at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 2,800 shares of the company's stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $54.85, for a total transaction of $153,580.00. Following the sale, the director now owns 16,716 shares in the company, valued at $916,872.60. This represents a 14.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 5.20% of the stock is currently owned by insiders.

Fidelity National Financial Stock Up 0.2 %

Shares of Fidelity National Financial stock traded up $0.14 during trading hours on Thursday, hitting $64.92. 970,113 shares of the company's stock traded hands, compared to its average volume of 1,032,758. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a twelve month low of $46.85 and a twelve month high of $67.69. The stock has a 50 day simple moving average of $60.48 and a 200-day simple moving average of $59.99. The company has a market cap of $17.85 billion, a PE ratio of 13.96 and a beta of 1.32.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.11. The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.33 billion. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. During the same period in the previous year, the business earned $0.75 EPS. Equities research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.50 dividend. The ex-dividend date is Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 3.08%. Fidelity National Financial's dividend payout ratio is presently 43.01%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on FNF. Barclays raised their target price on shares of Fidelity National Financial from $61.00 to $67.00 and gave the company an "equal weight" rating in a research note on Monday, February 24th. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $76.00 to $77.00 in a research note on Friday, January 3rd. Keefe, Bruyette & Woods lowered their target price on Fidelity National Financial from $64.00 to $63.00 and set a "market perform" rating for the company in a research note on Wednesday, January 8th. StockNews.com lowered Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Finally, Stephens upped their price target on Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, February 24th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $70.40.

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.