Magnetar Financial LLC Makes New $4.24 Million Investment in Fidelity National Financial, Inc. (NYSE:FNF)

Magnetar Financial LLC acquired a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 75,539 shares of the financial services provider's stock, valued at approximately $4,241,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Commerce Bank grew 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 acquiring an additional 200 shares during the last quarter. Chesley Taft & Associates LLC boosted its stake in Fidelity National Financial by 1.2% in the fourth quarter. Chesley Taft & Associates LLC now owns 16,686 shares of the financial services provider's stock worth $937,000 after purchasing an additional 200 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Fidelity National Financial by 0.3% during the fourth quarter. Louisiana State Employees Retirement System now owns 72,200 shares of the financial services provider's stock worth $4,053,000 after purchasing an additional 200 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Fidelity National Financial by 50.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider's stock valued at $35,000 after buying an additional 209 shares in the last quarter. Finally, Essex Financial Services Inc. raised its holdings in shares of Fidelity National Financial by 5.3% in the fourth quarter. Essex Financial Services Inc. now owns 4,206 shares of the financial services provider's stock valued at $236,000 after buying an additional 211 shares during the last quarter. 81.17% of the stock is owned by institutional investors.

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Fidelity National Financial Trading Up 0.6 %

NYSE:FNF traded up $0.41 during mid-day trading on Tuesday, hitting $65.29. The company had a trading volume of 1,533,681 shares, compared to its average volume of 1,032,457. The firm has a market cap of $17.95 billion, a P/E ratio of 14.04 and a beta of 1.32. Fidelity National Financial, Inc. has a fifty-two week low of $46.85 and a fifty-two week high of $65.65. The business's fifty day moving average is $60.12 and its two-hundred day moving average is $59.91. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24.

Fidelity National Financial (NYSE:FNF - Get Free Report) last announced 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 period last year, the company posted $0.75 EPS. As a group, research analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

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

Insider Activity at Fidelity National Financial

In related news, Director Halim Dhanidina sold 2,800 shares of the business'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 value of $153,580.00. Following the completion of the transaction, the director now directly owns 16,716 shares in the company, valued at approximately $916,872.60. The trade was a 14.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

Fidelity National Financial 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.