AXQ Capital LP Sells 5,429 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

AXQ Capital LP lessened its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 46.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,372 shares of the financial services provider’s stock after selling 5,429 shares during the period. AXQ Capital LP’s holdings in Fidelity National Financial were worth $358,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Swedbank AB raised its stake in Fidelity National Financial by 25.1% in the third quarter. Swedbank AB now owns 42,375 shares of the financial services provider’s stock valued at $2,630,000 after buying an additional 8,511 shares during the period. Smartleaf Asset Management LLC raised its stake in Fidelity National Financial by 19.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider’s stock valued at $75,000 after buying an additional 223 shares during the period. Everence Capital Management Inc. bought a new stake in Fidelity National Financial in the fourth quarter valued at approximately $621,000. Horizon Kinetics Asset Management LLC raised its stake in Fidelity National Financial by 35.1% in the third quarter. Horizon Kinetics Asset Management LLC now owns 58,071 shares of the financial services provider’s stock valued at $3,604,000 after buying an additional 15,100 shares during the period. Finally, GAMMA Investing LLC raised its stake in Fidelity National Financial by 19.8% in the fourth quarter. GAMMA Investing LLC now owns 7,458 shares of the financial services provider’s stock valued at $419,000 after buying an additional 1,233 shares during the period. Institutional investors own 81.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FNF. Deutsche Bank Aktiengesellschaft upgraded 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 note on Friday, January 3rd. Barclays upped their price objective 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. Keefe, Bruyette & Woods dropped their price objective 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. StockNews.com downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Finally, Stephens upped their target price on Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, February 24th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.40.

Insider Buying and Selling

In other Fidelity National Financial news, Director Halim Dhanidina sold 2,800 shares of the firm’s 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 sale, the director now owns 16,716 shares of the company’s stock, valued at approximately $916,872.60. This trade represents a 14.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Sandra Douglass Morgan sold 2,092 shares of the firm’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 sale, the director now directly owns 32,386 shares in the company, 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 currently owned by company insiders.

Fidelity National Financial Price Performance

Fidelity National Financial stock opened at $63.49 on Monday. Fidelity National Financial, Inc. has a 12 month low of $46.85 and a 12 month high of $65.65. The stock’s 50 day moving average is $59.91 and its 200-day moving average is $59.87. 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 company has a market capitalization of $17.46 billion, a price-to-earnings ratio of 13.65 and a beta of 1.32.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. The business had revenue of $3.62 billion for 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 quarter in the prior year, the business posted $0.75 earnings per share. Equities research analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date is Monday, March 17th. Fidelity National Financial’s dividend 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.