Belpointe Asset Management LLC Sells 734 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Belpointe Asset Management LLC decreased its position in Fidelity National Financial, Inc. (NYSE:FNF) by 6.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 11,287 shares of the financial services provider’s stock after selling 734 shares during the quarter. Belpointe Asset Management LLC’s holdings in Fidelity National Financial were worth $666,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in FNF. Smartleaf Asset Management LLC grew its stake in Fidelity National Financial by 19.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider’s stock worth $75,000 after buying an additional 223 shares during the last quarter. Everence Capital Management Inc. bought a new stake in Fidelity National Financial during the 4th quarter worth approximately $621,000. GAMMA Investing LLC increased its holdings in Fidelity National Financial by 19.8% during the 4th quarter. GAMMA Investing LLC now owns 7,458 shares of the financial services provider’s stock valued at $419,000 after purchasing an additional 1,233 shares in the last quarter. Barclays PLC raised its position in Fidelity National Financial by 4.4% in the 3rd quarter. Barclays PLC now owns 216,755 shares of the financial services provider’s stock valued at $13,451,000 after purchasing an additional 9,146 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in Fidelity National Financial by 17.1% in the fourth quarter. Versant Capital Management Inc now owns 1,729 shares of the financial services provider’s stock worth $97,000 after purchasing an additional 252 shares in the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FNF. Keefe, Bruyette & Woods upgraded Fidelity National Financial from a “market perform” rating to an “outperform” rating and set a $69.00 target price for the company in a research note on Tuesday, April 8th. StockNews.com downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Barclays increased their price target on shares of Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Stephens upped their price objective on Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a report on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and lifted their target price for the company from $76.00 to $77.00 in a research note on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $71.60.

Fidelity National Financial Price Performance

FNF opened at $62.40 on Wednesday. The company has a fifty day moving average price of $61.72 and a two-hundred day moving average price of $60.19. The firm has a market capitalization of $17.16 billion, a PE ratio of 13.42 and a beta of 1.09. Fidelity National Financial, Inc. has a 52 week low of $46.85 and a 52 week high of $66.72. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The business had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same period in the previous year, the firm earned $0.75 earnings per share. As a group, analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.20%. Fidelity National Financial’s dividend payout ratio (DPR) is presently 43.01%.

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.