Liberty Capital Management Inc. Makes New $398,000 Investment in Fidelity National Financial, Inc. (NYSE:FNF)

Liberty Capital Management Inc. purchased a new stake in Fidelity National Financial, Inc. (NYSE:FNF) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,091 shares of the financial services provider’s stock, valued at approximately $398,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FNF. Swedbank AB raised its holdings in Fidelity National Financial by 25.1% in the 3rd quarter. Swedbank AB now owns 42,375 shares of the financial services provider’s stock valued at $2,630,000 after acquiring an additional 8,511 shares in the last quarter. Everence Capital Management Inc. bought a new position in shares of Fidelity National Financial in the fourth quarter worth $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 purchasing an additional 15,100 shares in the last quarter. Barclays PLC lifted its position in Fidelity National Financial by 4.4% during the third quarter. Barclays PLC now owns 216,755 shares of the financial services provider’s stock worth $13,451,000 after purchasing an additional 9,146 shares during the period. Finally, Cyndeo Wealth Partners LLC grew its stake in Fidelity National Financial by 8.0% during the third quarter. Cyndeo Wealth Partners LLC now owns 116,894 shares of the financial services provider’s stock worth $7,254,000 after buying an additional 8,618 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Halim Dhanidina sold 2,800 shares of the 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sandra Douglass Morgan sold 2,092 shares of Fidelity National Financial stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total value of $117,842.36. Following the transaction, the director now directly owns 32,386 shares in the company, valued at $1,824,303.38. The trade was a 6.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

Fidelity National Financial Stock Down 0.7 %

Shares of FNF opened at $58.04 on Monday. The stock has a fifty day moving average of $57.94 and a 200-day moving average of $58.79. Fidelity National Financial, Inc. has a 52 week low of $46.85 and a 52 week high of $64.83. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.24 and a current ratio of 0.24. The stock has a market capitalization of $15.88 billion, a price-to-earnings ratio of 21.11 and a beta of 1.39.

Analyst Ratings Changes

FNF has been the subject of several analyst reports. Truist Financial boosted 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. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and boosted their price objective for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods decreased their price target 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. Based on data from MarketBeat.com, Fidelity National Financial currently has an average rating of “Moderate Buy” and a consensus target price of $66.40.

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.