Lecap Asset Management Ltd. Sells 2,329 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Lecap Asset Management Ltd. decreased its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 9.8% in the third quarter, Holdings Channel reports. The fund owned 21,363 shares of the financial services provider’s stock after selling 2,329 shares during the quarter. Lecap Asset Management Ltd.’s holdings in Fidelity National Financial were worth $1,326,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in FNF. Opal Wealth Advisors LLC purchased a new stake in Fidelity National Financial in the 2nd quarter worth about $26,000. New Covenant Trust Company N.A. purchased a new stake in Fidelity National Financial in the 1st quarter worth about $30,000. Mather Group LLC. purchased a new stake in Fidelity National Financial in the 1st quarter worth about $31,000. Covestor Ltd raised its position in Fidelity National Financial by 109.0% in the 1st quarter. Covestor Ltd now owns 581 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 303 shares during the period. Finally, Salomon & Ludwin LLC raised its position in Fidelity National Financial by 231.0% in the 1st quarter. Salomon & Ludwin LLC now owns 609 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 425 shares during the period. Institutional investors own 81.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Stephens reissued an “overweight” rating and issued a $63.00 price objective on shares of Fidelity National Financial in a research report on Thursday, August 15th. StockNews.com lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Barclays raised their target price on shares of Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Fidelity National Financial from $61.00 to $63.00 and gave the stock a “hold” rating in a research report on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Fidelity National Financial from $58.00 to $63.00 and gave the stock a “market perform” rating in a research report on Wednesday, September 4th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $62.40.

Insider Activity

In other news, Director Halim Dhanidina sold 1,700 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $60.85, for a total transaction of $103,445.00. Following the transaction, the director now directly owns 13,206 shares in the company, valued at approximately $803,585.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.20% of the company’s stock.

Fidelity National Financial Price Performance

NYSE FNF opened at $59.97 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.23 and a current ratio of 0.23. The firm’s 50 day moving average price is $59.81 and its 200-day moving average price is $54.15. Fidelity National Financial, Inc. has a 52-week low of $37.21 and a 52-week high of $62.97. The company has a market cap of $16.39 billion, a PE ratio of 19.73 and a beta of 1.36.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.03). Fidelity National Financial had a net margin of 7.19% and a return on equity of 14.48%. The business had revenue of $3.16 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the prior year, the business posted $1.01 earnings per share. Fidelity National Financial’s revenue for the quarter was up 2.9% on a year-over-year basis. Sell-side analysts forecast that Fidelity National Financial, Inc. will post 4.53 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a dividend of $0.48 per share. The ex-dividend date was Monday, September 16th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.20%. Fidelity National Financial’s dividend payout ratio is presently 63.16%.

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.