Fidelity National Financial, Inc. (NYSE:FNF) Position Boosted by Hahn Capital Management LLC

Hahn Capital Management LLC raised its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 64.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 136,030 shares of the financial services provider’s stock after buying an additional 53,545 shares during the period. Fidelity National Financial comprises about 3.3% of Hahn Capital Management LLC’s investment portfolio, making the stock its 16th biggest holding. Hahn Capital Management LLC’s holdings in Fidelity National Financial were worth $7,637,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FNF. National Pension Service boosted its stake in Fidelity National Financial by 648.5% during the 4th quarter. National Pension Service now owns 496,600 shares of the financial services provider’s stock valued at $27,879,000 after purchasing an additional 430,252 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Fidelity National Financial by 3.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,025,159 shares of the financial services provider’s stock valued at $498,041,000 after purchasing an additional 289,962 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Fidelity National Financial during the 3rd quarter valued at $11,469,000. Life Planning Partners Inc boosted its stake in Fidelity National Financial by 5,166.6% during the 4th quarter. Life Planning Partners Inc now owns 187,227 shares of the financial services provider’s stock valued at $10,511,000 after purchasing an additional 183,672 shares in the last quarter. Finally, CWA Asset Management Group LLC bought a new position in Fidelity National Financial during the 3rd quarter valued at $11,100,000. 81.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on FNF shares. Stephens increased their price target on Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday. Barclays raised their price objective on Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Monday. Truist Financial raised their price objective on Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft raised Fidelity National Financial from a “hold” rating to a “buy” rating and raised their price objective for the stock from $76.00 to $77.00 in a research note on Friday, January 3rd. Finally, StockNews.com raised Fidelity National Financial from a “hold” rating to a “buy” rating in a research note on Monday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Fidelity National Financial currently has a consensus rating of “Moderate Buy” and an average target price of $70.40.

Insider Activity

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 value of $153,580.00. Following the completion of the sale, the director now owns 16,716 shares in the company, valued at $916,872.60. This represents a 14.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sandra Douglass Morgan sold 2,092 shares of the stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total value of $117,842.36. Following the sale, the director now owns 32,386 shares of the company’s stock, valued at approximately $1,824,303.38. This represents a 6.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

Fidelity National Financial Stock Performance

FNF opened at $62.77 on Friday. The business has a fifty day simple moving average of $57.58 and a 200-day simple moving average of $59.19. The firm has a market cap of $17.18 billion, a PE ratio of 13.50 and a beta of 1.39. Fidelity National Financial, Inc. has a fifty-two week low of $46.85 and a fifty-two week high of $64.83. 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 (NYSE:FNF) last released its earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. The company had revenue of $3.62 billion during 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 quarter in the prior year, the company earned $0.75 earnings per share. As a group, equities analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS 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. 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 3.19%. Fidelity National Financial’s payout ratio is currently 43.01%.

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.