41,544 Shares in Fidelity National Financial, Inc. (NYSE:FNF) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 41,544 shares of the financial services provider's stock, valued at approximately $2,332,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FNF. Brooklyn Investment Group purchased a new position in Fidelity National Financial in the 3rd quarter valued at $35,000. Parkside Financial Bank & Trust lifted its holdings in Fidelity National Financial by 50.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 209 shares in the last quarter. Kestra Investment Management LLC purchased a new position in Fidelity National Financial in the 4th quarter valued at $37,000. True Wealth Design LLC purchased a new position in Fidelity National Financial in the 3rd quarter valued at $41,000. Finally, Larson Financial Group LLC lifted its holdings in 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 in the last quarter. Hedge funds and other institutional investors own 81.17% of the company's stock.

Fidelity National Financial Trading Down 1.0 %

Shares of NYSE:FNF traded down $0.63 during midday trading on Friday, reaching $63.49. 5,236,900 shares of the company's stock were exchanged, compared to its average volume of 1,031,588. The firm's 50 day simple moving average is $59.91 and its two-hundred day simple moving average is $59.86. 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 stock has a market cap of $17.46 billion, a price-to-earnings ratio of 13.65 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.

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Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.23 by $0.11. The firm had revenue of $3.62 billion during 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 last year, the company earned $0.75 EPS. As a group, sell-side analysts forecast that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.15%. The ex-dividend date is Monday, March 17th. Fidelity National Financial's dividend payout ratio is currently 43.01%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Stephens raised their target price on 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 Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Keefe, Bruyette & Woods cut 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. Barclays raised their target price on 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, 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 note on Friday, January 3rd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $70.40.

Insider Buying and Selling at Fidelity National Financial

In other Fidelity National Financial news, 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 directly owns 32,386 shares of the company's stock, valued at $1,824,303.38. The trade was a 6.07 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial 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 directly owns 16,716 shares of the company's stock, valued at approximately $916,872.60. This represents a 14.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.20% of the stock is currently owned by corporate insiders.

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.