HBK Investments L P boosted its position in shares of Fidelity National Financial (NYSE:FNF) by 213.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 131,800 shares of the financial services provider’s stock after purchasing an additional 89,793 shares during the quarter. HBK Investments L P’s holdings in Fidelity National Financial were worth $5,172,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Fuller & Thaler Asset Management Inc. bought a new stake in shares of Fidelity National Financial in the 4th quarter valued at about $122,000. Cerebellum GP LLC bought a new stake in shares of Fidelity National Financial in the 4th quarter valued at about $125,000. Whittier Trust Co. increased its stake in shares of Fidelity National Financial by 92.1% in the 4th quarter. Whittier Trust Co. now owns 5,215 shares of the financial services provider’s stock valued at $205,000 after acquiring an additional 2,500 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Fidelity National Financial in the 3rd quarter valued at approximately $207,000. Finally, Bell & Brown Wealth Advisors LLC acquired a new position in shares of Fidelity National Financial in the 4th quarter valued at approximately $214,000. 82.96% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently issued reports on FNF shares. Piper Jaffray reiterated a “buy” rating and issued a $44.00 price objective on shares of Fidelity National Financial in a research report on Monday, December 18th. Zacks Investment Research raised Fidelity National Financial from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 19th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $42.00 price target on shares of Fidelity National Financial in a research report on Friday, December 22nd. Barclays set a $46.00 price target on Fidelity National Financial and gave the stock a “buy” rating in a research report on Friday, January 12th. Finally, Stephens reaffirmed a “buy” rating and set a $46.00 price target on shares of Fidelity National Financial in a research report on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $44.00.
In other Fidelity National Financial news, Director Daniel D. Lane sold 18,810 shares of the stock in a transaction on Tuesday, March 20th. The stock was sold at an average price of $41.38, for a total transaction of $778,357.80. Following the transaction, the director now owns 261,696 shares in the company, valued at approximately $10,828,980.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Peter T. Sadowski sold 29,274 shares of the stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $38.92, for a total value of $1,139,344.08. Following the transaction, the executive vice president now owns 123,328 shares in the company, valued at approximately $4,799,925.76. The disclosure for this sale can be found here. 5.00% of the stock is owned by company insiders.
Shares of NYSE FNF traded down $0.44 during trading hours on Friday, hitting $38.52. The company had a trading volume of 2,674,676 shares, compared to its average volume of 1,684,593. Fidelity National Financial has a 1-year low of $27.53 and a 1-year high of $42.52. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.17. The company has a market cap of $10,692.13, a PE ratio of 16.97 and a beta of 0.83.
Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.60 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.60. Fidelity National Financial had a return on equity of 11.71% and a net margin of 8.13%. The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.91 billion. During the same quarter in the prior year, the business earned $0.71 EPS. The firm’s revenue for the quarter was down 8.9% on a year-over-year basis. sell-side analysts predict that Fidelity National Financial will post 2.79 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Friday, March 16th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend was Thursday, March 15th. Fidelity National Financial’s payout ratio is 52.86%.
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About Fidelity National Financial
Fidelity National Financial, Inc, together with its subsidiaries, provides title insurance, technology, and transaction services to the real estate and mortgage industries in the United States. The company operates in Title, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including collection and trust activities, trustee sales guarantees, recordings and conveyances, and home warranty insurance.
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