Vinva Investment Management Ltd Invests $577,000 in Fidelity National Financial, Inc. (NYSE:FNF)

Vinva Investment Management Ltd bought a new position 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 and Exchange Commission (SEC). The firm bought 10,296 shares of the financial services provider's stock, valued at approximately $577,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FNF. Brooklyn Investment Group acquired a new position in shares of Fidelity National Financial during the third quarter valued at $35,000. Parkside Financial Bank & Trust lifted its position 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 during the last quarter. Kestra Investment Management LLC acquired a new position in Fidelity National Financial during the 4th quarter valued at about $37,000. True Wealth Design LLC bought a new position in Fidelity National Financial in the 3rd quarter worth about $41,000. Finally, Larson Financial Group LLC increased its stake in shares of Fidelity National Financial by 141.1% in the third 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. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Price Performance

Shares of FNF traded up $0.41 during midday trading on Tuesday, reaching $65.29. The stock had a trading volume of 1,533,681 shares, compared to its average volume of 1,032,972. 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 company has a market capitalization of $17.95 billion, a P/E ratio of 14.04 and a beta of 1.32. The firm's 50 day moving average price is $60.32 and its 200-day moving average price is $59.96. Fidelity National Financial, Inc. has a 52 week low of $46.85 and a 52 week high of $65.79.

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Fidelity National Financial (NYSE:FNF - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, topping 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 firm had revenue of $3.62 billion for the quarter, compared to analysts' expectations of $3.33 billion. During the same period in the previous year, the business earned $0.75 earnings per share. On average, analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share 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. Investors of record on Monday, March 17th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date is Monday, March 17th. Fidelity National Financial's payout ratio is 43.01%.

Insiders Place Their Bets

In related news, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial stock in a transaction 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 in the company, valued at $916,872.60. The trade was a 14.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 5.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

FNF has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd. StockNews.com lowered Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Stephens raised their price target on Fidelity National Financial from $68.00 to $75.00 and gave the company an "overweight" rating in a report on Monday, February 24th. Keefe, Bruyette & Woods cut their price objective 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. Finally, Barclays increased their target price 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. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $70.40.

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.