JPL Wealth Management LLC Makes New Investment in Fidelity National Financial, Inc. (NYSE:FNF)

JPL Wealth Management LLC purchased a new stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 50,173 shares of the financial services provider's stock, valued at approximately $2,817,000.

A number of other institutional investors also recently modified their holdings of the company. Swedbank AB increased its position 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 worth $2,630,000 after acquiring an additional 8,511 shares during the period. Smartleaf Asset Management LLC increased its position in Fidelity National Financial by 19.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider's stock worth $75,000 after acquiring an additional 223 shares during the period. Everence Capital Management Inc. bought a new position in Fidelity National Financial during the fourth quarter worth $621,000. Horizon Kinetics Asset Management LLC increased its position in Fidelity National Financial by 35.1% during the third quarter. Horizon Kinetics Asset Management LLC now owns 58,071 shares of the financial services provider's stock worth $3,604,000 after acquiring an additional 15,100 shares during the period. Finally, GAMMA Investing LLC increased its position in Fidelity National Financial by 19.8% during the fourth 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 during the period. Institutional investors own 81.17% of the company's stock.

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Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, Director Halim Dhanidina sold 2,800 shares of the company's stock in a transaction dated Friday, January 10th. The shares were 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. This represents a 14.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sandra Douglass Morgan sold 2,092 shares of the company's stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the transaction, the director now owns 32,386 shares in the company, valued at approximately $1,824,303.38. This trade 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 corporate insiders.

Fidelity National Financial Price Performance

Shares of NYSE:FNF traded up $0.26 on Monday, hitting $65.05. The stock had a trading volume of 1,379,872 shares, compared to its average volume of 1,015,099. Fidelity National Financial, Inc. has a twelve month low of $46.85 and a twelve month high of $65.83. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. The firm's 50 day moving average price is $59.07 and its 200-day moving average price is $59.69. The company has a market capitalization of $17.89 billion, a price-to-earnings ratio of 13.99 and a beta of 1.32.

Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its earnings results on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.23 by $0.11. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter in the previous year, the company earned $0.75 EPS. On average, equities research analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current 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 given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 3.07%. Fidelity National Financial's dividend payout ratio (DPR) 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.