Financial Engines Advisors L.L.C. lifted its holdings in Fidelity National Financial, Inc. (NYSE:FNF – Free Report) by 100.3% in the 4th quarter, Holdings Channel.com reports. The fund owned 16,174 shares of the financial services provider’s stock after buying an additional 8,101 shares during the quarter. Financial Engines Advisors L.L.C.’s holdings in Fidelity National Financial were worth $908,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Chesley Taft & Associates LLC increased its holdings in Fidelity National Financial by 1.2% in the 4th quarter. Chesley Taft & Associates LLC now owns 16,686 shares of the financial services provider’s stock valued at $937,000 after purchasing an additional 200 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Fidelity National Financial by 0.3% in the fourth quarter. Louisiana State Employees Retirement System now owns 72,200 shares of the financial services provider’s stock valued at $4,053,000 after buying an additional 200 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Fidelity National Financial by 50.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock valued at $35,000 after buying an additional 209 shares in the last quarter. Essex Financial Services Inc. raised its holdings in shares of Fidelity National Financial by 5.3% during the 4th quarter. Essex Financial Services Inc. now owns 4,206 shares of the financial services provider’s stock valued at $236,000 after buying an additional 211 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in Fidelity National Financial by 19.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 223 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.
Insider Activity at Fidelity National Financial
In other Fidelity National Financial news, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial stock in a transaction 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 $916,872.60. The trade was a 14.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 5.20% of the company’s stock.
Fidelity National Financial Price Performance
Fidelity National Financial (NYSE:FNF – Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate 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 last year, the firm earned $0.75 earnings per share. As a group, research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.
Fidelity National Financial Announces Dividend
The company also recently declared 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 3.08%. Fidelity National Financial’s dividend payout ratio (DPR) is 43.01%.
Analyst Ratings Changes
Several analysts have issued reports on FNF shares. Barclays lifted their price objective 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. Keefe, Bruyette & Woods dropped their price target on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and upped their price objective for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Stephens lifted their target price on Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday, February 24th. Finally, StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Fidelity National Financial currently has an average rating of “Moderate Buy” and a consensus price target of $70.40.
Get Our Latest Stock Analysis on Fidelity National Financial
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.
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