Versor Investments LP Has $1.15 Million Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Versor Investments LP trimmed its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 10.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,485 shares of the financial services provider’s stock after selling 2,395 shares during the period. Versor Investments LP’s holdings in Fidelity National Financial were worth $1,150,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of FNF. Allspring Global Investments Holdings LLC grew its position in Fidelity National Financial by 257.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 19,498 shares of the financial services provider’s stock worth $1,210,000 after purchasing an additional 14,042 shares during the last quarter. PFG Investments LLC acquired a new stake in Fidelity National Financial in the 3rd quarter worth $202,000. Wealth Enhancement Advisory Services LLC grew its position in Fidelity National Financial by 18.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 24,746 shares of the financial services provider’s stock worth $1,536,000 after purchasing an additional 3,866 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in Fidelity National Financial by 13.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 73,492 shares of the financial services provider’s stock worth $4,469,000 after purchasing an additional 8,623 shares during the last quarter. Finally, Pallas Capital Advisors LLC acquired a new stake in Fidelity National Financial in the 3rd quarter worth $328,000. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FNF. Stephens raised their price target on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a research report on Monday. Keefe, Bruyette & Woods reduced their price objective on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft raised shares of 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 report on Friday, January 3rd. StockNews.com raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating in a report on Monday. Finally, Barclays raised their price objective on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a report on Monday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $70.40.

Fidelity National Financial Trading Up 2.0 %

FNF opened at $62.77 on Friday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $17.18 billion, a PE ratio of 13.50 and a beta of 1.39. Fidelity National Financial, Inc. has a 1-year low of $46.85 and a 1-year high of $64.83. The firm has a 50-day moving average price of $57.58 and a two-hundred day moving average price of $59.19.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, topping the consensus estimate of $1.23 by $0.11. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.33 billion. During the same quarter in the previous year, the company earned $0.75 EPS. As a group, equities 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 firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Monday, March 17th. Fidelity National Financial’s dividend payout ratio is 43.01%.

Insider Transactions at Fidelity National Financial

In other news, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $54.85, for a total transaction 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. The trade was a 14.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sandra Douglass Morgan sold 2,092 shares of the business’s stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total transaction of $117,842.36. Following the transaction, 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 position. The disclosure for this sale can be found here. 5.20% of the stock is owned by corporate insiders.

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.