Inceptionr LLC Purchases Shares of 38,812 Fidelity National Financial, Inc. (NYSE:FNF)

Inceptionr LLC purchased a new stake in Fidelity National Financial, Inc. (NYSE:FNF) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 38,812 shares of the financial services provider’s stock, valued at approximately $2,179,000. Fidelity National Financial accounts for approximately 0.5% of Inceptionr LLC’s portfolio, making the stock its 17th biggest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new position in Fidelity National Financial in the 4th quarter valued at approximately $33,103,000. Arizona State Retirement System increased its position in Fidelity National Financial by 1.5% in the 4th quarter. Arizona State Retirement System now owns 75,455 shares of the financial services provider’s stock valued at $4,236,000 after acquiring an additional 1,087 shares during the period. Aigen Investment Management LP acquired a new position in Fidelity National Financial in the 4th quarter valued at approximately $310,000. Proficio Capital Partners LLC acquired a new position in Fidelity National Financial in the 4th quarter valued at approximately $2,332,000. Finally, M&T Bank Corp increased its position in Fidelity National Financial by 8.3% in the 4th quarter. M&T Bank Corp now owns 30,703 shares of the financial services provider’s stock valued at $1,724,000 after acquiring an additional 2,345 shares during the period. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Fidelity National Financial Stock Up 1.3 %

Shares of NYSE FNF opened at $63.54 on Thursday. The firm has a market cap of $17.39 billion, a PE ratio of 13.67 and a beta of 1.31. Fidelity National Financial, Inc. has a 12-month low of $46.85 and a 12-month high of $65.65. The company’s fifty day simple moving average is $58.17 and its 200 day simple moving average is $59.44. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.11. The business had revenue of $3.62 billion for the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $0.75 earnings per share. As a group, sell-side analysts forecast that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 3.15%. The ex-dividend date is Monday, March 17th. Fidelity National Financial’s dividend payout ratio is presently 43.01%.

Insider Buying and Selling

In other Fidelity National Financial news, Director Sandra Douglass Morgan sold 2,092 shares of the company’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $56.33, for a total transaction of $117,842.36. Following the transaction, the director now owns 32,386 shares in the company, valued at approximately $1,824,303.38. This represents a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Halim Dhanidina sold 2,800 shares of the company’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $54.85, for a total transaction of $153,580.00. Following the transaction, the director now owns 16,716 shares in the company, valued at approximately $916,872.60. The trade was a 14.35 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have issued reports on FNF. Keefe, Bruyette & Woods decreased their price target on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a research report on Wednesday, January 8th. Barclays upped their price objective on shares of 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. Deutsche Bank Aktiengesellschaft raised shares of 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. StockNews.com lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Stephens upped 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 note on Monday, February 24th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.40.

Fidelity National Financial Company 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.