Fox Run Management L.L.C. Makes New Investment in Fidelity National Financial, Inc. (NYSE:FNF)

Fox Run Management L.L.C. purchased a new stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 16,831 shares of the financial services provider's stock, valued at approximately $945,000.

Several other large investors also recently made changes to their positions in FNF. Brooklyn Investment Group bought a new stake in Fidelity National Financial during the third quarter worth approximately $35,000. Parkside Financial Bank & Trust lifted its position in shares of Fidelity National Financial by 50.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 209 shares during the last quarter. Kestra Investment Management LLC acquired a new position in shares of Fidelity National Financial in the 4th quarter worth $37,000. True Wealth Design LLC acquired a new stake in shares of Fidelity National Financial during the third quarter worth $41,000. Finally, Larson Financial Group LLC boosted its position in shares of Fidelity National Financial by 141.1% in the 3rd 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 during the period. Institutional investors own 81.17% of the company's stock.

Analyst Upgrades and Downgrades

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

Remove Ads

Fidelity National Financial Stock Up 0.6 %

Shares of FNF traded up $0.41 during midday trading on Tuesday, reaching $65.29. 1,531,857 shares of the stock were exchanged, compared to its average volume of 1,032,457. The company has a market cap of $17.95 billion, a price-to-earnings ratio of 14.04 and a beta of 1.32. 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 12-month low of $46.85 and a 12-month high of $65.65. The firm has a 50 day simple moving average of $60.12 and a 200-day simple moving average of $59.91.

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 analysts' consensus estimates of $1.23 by $0.11. The business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.33 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. During the same quarter last year, the firm earned $0.75 EPS. Research analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.06%. Fidelity National Financial's payout ratio is presently 43.01%.

Insider Buying and Selling

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

Fidelity National Financial Company Profile

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.