Proficio Capital Partners LLC Makes New $2.33 Million Investment in Fidelity National Financial, Inc. (NYSE:FNF)

Proficio Capital Partners LLC bought a new stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 41,544 shares of the financial services provider's stock, valued at approximately $2,332,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Mn Services Vermogensbeheer B.V. grew its holdings in Fidelity National Financial by 5.0% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 104,100 shares of the financial services provider's stock valued at $5,844,000 after buying an additional 5,000 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in Fidelity National Financial by 0.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 52,918 shares of the financial services provider's stock valued at $2,971,000 after buying an additional 298 shares during the period. National Pension Service grew its holdings in Fidelity National Financial by 648.5% in the 4th quarter. National Pension Service now owns 496,600 shares of the financial services provider's stock valued at $27,879,000 after buying an additional 430,252 shares during the period. Lingotto Investment Management LLP grew its holdings in Fidelity National Financial by 0.5% in the 4th quarter. Lingotto Investment Management LLP now owns 157,462 shares of the financial services provider's stock valued at $8,840,000 after buying an additional 858 shares during the period. Finally, Illinois Municipal Retirement Fund grew its holdings in Fidelity National Financial by 22.2% in the 4th quarter. Illinois Municipal Retirement Fund now owns 159,316 shares of the financial services provider's stock valued at $8,944,000 after buying an additional 28,912 shares during the period. Institutional investors and hedge funds own 81.17% of the company's stock.

Remove Ads

Fidelity National Financial Stock Down 0.1 %

NYSE FNF traded down $0.09 on Friday, reaching $62.97. The company had a trading volume of 1,106,866 shares, compared to its average volume of 1,087,501. The firm has a market capitalization of $17.23 billion, a PE ratio of 13.54 and a beta of 1.31. Fidelity National Financial, Inc. has a 1 year low of $46.85 and a 1 year high of $65.65. The firm has a 50-day moving average of $58.42 and a 200-day moving average of $59.52. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24.

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, topping analysts' consensus estimates of $1.23 by $0.11. The firm 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 in the prior year, the business earned $0.75 EPS. On average, equities research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm 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 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Monday, March 17th. Fidelity National Financial's payout ratio is 43.01%.

Analyst Ratings Changes

FNF has been the subject of several recent analyst reports. Barclays lifted their price target on 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 boosted their target price on Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a report on Monday, February 24th. Truist Financial boosted their target price on Fidelity National Financial from $64.00 to $70.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a "hold" rating to a "buy" rating and boosted their target price for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Finally, StockNews.com cut Fidelity National Financial from a "buy" rating to a "hold" rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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 the company's stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total value of $117,842.36. Following the transaction, the director now directly owns 32,386 shares of the company's stock, valued at $1,824,303.38. This represents a 6.07 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Halim Dhanidina sold 2,800 shares of the company's stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $54.85, for a total value of $153,580.00. Following the sale, the director now directly owns 16,716 shares in the company, 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.