Dynamic Technology Lab Private Ltd Acquires Shares of 9,570 Fidelity National Financial, Inc. (NYSE:FNF)

Dynamic Technology Lab Private Ltd acquired a new stake in Fidelity National Financial, Inc. (NYSE:FNF) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 9,570 shares of the financial services provider’s stock, valued at approximately $538,000.

Several other institutional investors have also modified their holdings of the company. Parkside Financial Bank & Trust raised its stake in 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. Kestra Investment Management LLC purchased a new position in shares of Fidelity National Financial in the 4th quarter valued at about $37,000. Golden State Wealth Management LLC purchased a new position in shares of Fidelity National Financial in the 4th quarter valued at about $52,000. UMB Bank n.a. raised its position in shares of Fidelity National Financial by 68.9% during the 4th quarter. UMB Bank n.a. now owns 1,157 shares of the financial services provider’s stock worth $65,000 after acquiring an additional 472 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Fidelity National Financial by 19.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 223 shares during the last quarter. 81.17% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fidelity National Financial

In other news, 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 sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Keefe, Bruyette & Woods cut 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 report on Wednesday, January 8th. Stephens increased their target price 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 downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft raised 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. Finally, Barclays upped their target price on Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” 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 MarketBeat, Fidelity National Financial has a consensus rating of “Moderate Buy” and an average price target of $70.40.

Fidelity National Financial Price Performance

Shares of NYSE:FNF opened at $57.80 on Tuesday. Fidelity National Financial, Inc. has a one year low of $46.85 and a one year high of $66.72. The stock has a market capitalization of $15.89 billion, a price-to-earnings ratio of 12.43 and a beta of 1.09. The company has a 50-day simple moving average of $61.36 and a 200-day simple moving average of $60.20. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $3.33 billion. During the same period in the prior year, the business earned $0.75 EPS. On average, analysts predict that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a yield of 3.46%. Fidelity National Financial’s dividend payout ratio (DPR) is 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.