Xponance Inc. Has $2.56 Million Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Xponance Inc. raised its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 12.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,626 shares of the financial services provider’s stock after acquiring an additional 5,187 shares during the quarter. Xponance Inc.’s holdings in Fidelity National Financial were worth $2,561,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of FNF. Intech Investment Management LLC raised its position in shares of Fidelity National Financial by 90.5% during the fourth quarter. Intech Investment Management LLC now owns 29,214 shares of the financial services provider’s stock worth $1,640,000 after acquiring an additional 13,878 shares during the last quarter. Advisors Asset Management Inc. increased its position in Fidelity National Financial by 6.2% in the fourth quarter. Advisors Asset Management Inc. now owns 45,784 shares of the financial services provider’s stock worth $2,570,000 after purchasing an additional 2,692 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in Fidelity National Financial by 5.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 18,736 shares of the financial services provider’s stock worth $1,052,000 after purchasing an additional 970 shares during the period. Natixis Advisors LLC raised its holdings in Fidelity National Financial by 6.1% during the 4th quarter. Natixis Advisors LLC now owns 340,084 shares of the financial services provider’s stock worth $19,092,000 after purchasing an additional 19,524 shares during the last quarter. Finally, JPL Wealth Management LLC acquired a new position in Fidelity National Financial during the 4th quarter valued at about $2,817,000. 81.17% of the stock is owned by institutional investors.

Fidelity National Financial Trading Down 1.0 %

Shares of NYSE FNF opened at $63.49 on Friday. 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, Inc. has a twelve month low of $46.85 and a twelve month high of $65.65. The company’s fifty day moving average is $59.91 and its 200-day moving average is $59.86. The stock has a market cap of $17.46 billion, a price-to-earnings ratio of 13.65 and a beta of 1.32.

Fidelity National Financial (NYSE:FNF) last posted 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. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The firm 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. Equities research analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.50 dividend. The ex-dividend date is Monday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.15%. Fidelity National Financial’s dividend payout ratio is presently 43.01%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and lifted their target price for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Barclays increased their price target on 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 lifted their price objective on Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, February 24th. Finally, Keefe, Bruyette & Woods cut their target price on 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. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $70.40.

Insider Buying and Selling

In related news, Director Sandra Douglass Morgan sold 2,092 shares of the company’s stock in a transaction on 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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial stock in a transaction dated 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 sale, the director now directly owns 16,716 shares in the company, valued at $916,872.60. This represents a 14.35 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is owned by company insiders.

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.