13,843 Shares in Fidelity National Financial, Inc. (NYSE:FNF) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in shares of Fidelity National Financial, Inc. (NYSE:FNF) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 13,843 shares of the financial services provider’s stock, valued at approximately $777,000.

Several other large investors have also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its position in shares of 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 valued at $1,210,000 after purchasing an additional 14,042 shares during the last quarter. PFG Investments LLC purchased a new stake in shares of Fidelity National Financial in the 3rd quarter valued at approximately $202,000. Wealth Enhancement Advisory Services LLC increased its position in shares of 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 valued at $1,536,000 after purchasing an additional 3,866 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of 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 valued at $4,469,000 after purchasing an additional 8,623 shares during the last quarter. Finally, Pallas Capital Advisors LLC purchased a new stake in shares of Fidelity National Financial in the 3rd quarter valued at approximately $328,000. 81.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Halim Dhanidina sold 2,800 shares of the stock in a transaction 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. This represents a 14.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the completion of the sale, the director now owns 32,386 shares of the company’s stock, valued at $1,824,303.38. This trade 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 company insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 8th. Stephens increased their price objective on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, February 24th. StockNews.com raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating in a research report on Monday, February 24th. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and increased their target price for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Finally, Truist Financial increased their target price on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $70.40.

Fidelity National Financial Trading Up 2.8 %

NYSE FNF opened at $64.51 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The firm’s fifty day moving average price is $57.75 and its 200 day moving average price is $59.26. The company has a market capitalization of $17.65 billion, a price-to-earnings ratio of 13.87 and a beta of 1.39. Fidelity National Financial, Inc. has a 12 month low of $46.85 and a 12 month high of $64.83.

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 for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. The firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.33 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. During the same quarter in the prior year, the business earned $0.75 EPS. On average, sell-side analysts expect 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. Investors of record on Monday, March 17th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend is Monday, March 17th. Fidelity National Financial’s dividend payout ratio is currently 43.01%.

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.