Boston Financial Mangement LLC raised its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF – Free Report) by 15.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,285 shares of the financial services provider’s stock after buying an additional 3,200 shares during the quarter. Boston Financial Mangement LLC’s holdings in Fidelity National Financial were worth $1,363,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new position in shares of Fidelity National Financial during the third quarter worth approximately $32,000. Brooklyn Investment Group acquired a new position in shares of Fidelity National Financial in the third quarter valued at $35,000. Kestra Investment Management LLC acquired a new position in shares of Fidelity National Financial in the fourth quarter valued at $37,000. True Wealth Design LLC acquired a new position in shares of Fidelity National Financial in the third quarter valued at $41,000. Finally, Larson Financial Group LLC raised 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 in the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts recently commented on FNF shares. Truist Financial upped 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. 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. Finally, Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and upped their target price for the company from $76.00 to $77.00 in a research note on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $66.40.
Insider Transactions at Fidelity National Financial
In other news, Director Halim Dhanidina sold 2,800 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $54.85, for a total transaction of $153,580.00. Following the sale, the director now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sandra Douglass Morgan sold 2,092 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The shares were 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 owns 32,386 shares in the company, valued at approximately $1,824,303.38. This represents a 6.07 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.
Fidelity National Financial Stock Performance
Shares of NYSE:FNF opened at $57.64 on Friday. The business’s fifty day moving average price is $57.31 and its two-hundred day moving average price is $58.97. Fidelity National Financial, Inc. has a fifty-two week low of $46.85 and a fifty-two week high of $64.83. The stock has a market capitalization of $15.77 billion, a price-to-earnings ratio of 20.96 and a beta of 1.39. 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 announced its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. During the same period in the previous year, the business earned $0.75 EPS. As a group, analysts predict that Fidelity National Financial, Inc. will post 4.57 EPS for the current fiscal year.
About Fidelity National Financial
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.
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