Y Intercept Hong Kong Ltd Makes New $777,000 Investment in Fidelity National Financial, Inc. (NYSE:FNF)

Y Intercept Hong Kong Ltd bought a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 13,843 shares of the financial services provider's stock, valued at approximately $777,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in Fidelity National Financial in the 3rd quarter valued at $32,000. Brooklyn Investment Group acquired a new stake in shares of Fidelity National Financial in the 3rd quarter valued at $35,000. Kestra Investment Management LLC acquired a new stake in shares of Fidelity National Financial in the 4th quarter valued at $37,000. True Wealth Design LLC bought a new stake in shares of Fidelity National Financial in the 3rd quarter worth about $41,000. Finally, Larson Financial Group LLC lifted its holdings in Fidelity National Financial by 141.1% during 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 during the last quarter. Institutional investors and hedge funds own 81.17% of the company's stock.

Analyst Ratings Changes

FNF has been the subject of several recent analyst reports. Keefe, Bruyette & Woods dropped 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 report on Wednesday, January 8th. 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. StockNews.com downgraded Fidelity National Financial from a "buy" rating to a "hold" rating in a research report on Tuesday. Barclays lifted their target price on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. Finally, Truist Financial increased their target price on Fidelity National Financial from $64.00 to $70.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Three 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 company has a consensus rating of "Moderate Buy" and a consensus target price of $70.40.

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Fidelity National Financial Stock Down 2.5 %

FNF traded down $1.59 during trading on Tuesday, hitting $63.21. The company had a trading volume of 1,109,297 shares, compared to its average volume of 1,064,157. The company has a market capitalization of $17.30 billion, a PE ratio of 13.59 and a beta of 1.39. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a one year low of $46.85 and a one year high of $65.65. The firm's 50-day moving average price is $57.92 and its 200 day moving average price is $59.37.

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, beating analysts' consensus estimates of $1.23 by $0.11. The company had revenue of $3.62 billion for the quarter, compared to analyst estimates 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 in the previous year, the company posted $0.75 earnings per share. As a group, equities analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.16%. Fidelity National Financial's dividend payout ratio (DPR) is presently 43.01%.

Insider Transactions at Fidelity National Financial

In related news, 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 sale, the director now owns 32,386 shares in the company, valued at approximately $1,824,303.38. This represents a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Halim Dhanidina sold 2,800 shares of the firm'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 completion of the transaction, the director now 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 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.