Hahn Capital Management LLC Increases Position in Fidelity National Financial, Inc. (NYSE:FNF)

Hahn Capital Management LLC grew its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 64.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 136,030 shares of the financial services provider's stock after acquiring an additional 53,545 shares during the period. Fidelity National Financial comprises approximately 3.3% of Hahn Capital Management LLC's holdings, making the stock its 16th largest position. Hahn Capital Management LLC's holdings in Fidelity National Financial were worth $7,637,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of FNF. Swedbank AB grew its holdings in Fidelity National Financial by 25.1% during the third quarter. Swedbank AB now owns 42,375 shares of the financial services provider's stock valued at $2,630,000 after purchasing an additional 8,511 shares during the period. Everence Capital Management Inc. purchased a new position in shares of Fidelity National Financial during the 4th quarter valued at about $621,000. Horizon Kinetics Asset Management LLC grew its stake in shares of Fidelity National Financial by 35.1% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 58,071 shares of the financial services provider's stock valued at $3,604,000 after acquiring an additional 15,100 shares during the period. GAMMA Investing LLC increased its holdings in Fidelity National Financial by 19.8% in the 4th quarter. GAMMA Investing LLC now owns 7,458 shares of the financial services provider's stock worth $419,000 after acquiring an additional 1,233 shares in the last quarter. Finally, Barclays PLC raised its stake in Fidelity National Financial by 4.4% during the 3rd quarter. Barclays PLC now owns 216,755 shares of the financial services provider's stock worth $13,451,000 after acquiring an additional 9,146 shares during the period. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of brokerages have recently issued reports on FNF. Truist Financial increased their price objective on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Keefe, Bruyette & Woods dropped their target price 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. StockNews.com raised Fidelity National Financial from a "hold" rating to a "buy" rating in a report 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 company from $76.00 to $77.00 in a research report on Friday, January 3rd. Finally, Barclays increased their target price on Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Monday, February 24th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $70.40.

Insider Buying and Selling at Fidelity National Financial

In related news, Director Halim Dhanidina sold 2,800 shares of the stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $54.85, for a total value of $153,580.00. Following the completion of the transaction, the director now owns 16,716 shares of the company's stock, valued at approximately $916,872.60. This trade represents a 14.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sandra Douglass Morgan sold 2,092 shares of Fidelity National Financial stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total value of $117,842.36. Following the completion of the transaction, the director now owns 32,386 shares of the company's stock, valued at approximately $1,824,303.38. This represents a 6.07 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is owned by company insiders.

Fidelity National Financial Price Performance

Shares of Fidelity National Financial stock traded up $0.21 during trading on Monday, reaching $64.74. 1,499,047 shares of the stock traded hands, compared to its average volume of 1,064,705. Fidelity National Financial, Inc. has a 52-week low of $46.85 and a 52-week high of $65.65. 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 business has a fifty day simple moving average of $57.75 and a two-hundred day simple moving average of $59.31. The company has a market capitalization of $17.72 billion, a price-to-earnings ratio of 13.92 and a beta of 1.39.

Fidelity National Financial (NYSE:FNF - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.23 by $0.11. The business had revenue of $3.62 billion during the quarter, compared to analysts' expectations 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 quarter last year, the business posted $0.75 EPS. Sell-side analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend is Monday, March 17th. Fidelity National Financial's payout ratio is 43.01%.

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.