Fidelity National Financial, Inc. (NYSE:FNF) Position Boosted by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC lifted its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 1.2% in the first quarter, Holdings Channel.com reports. The firm owned 58,542 shares of the financial services provider’s stock after acquiring an additional 715 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Fidelity National Financial were worth $3,109,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. First Eagle Investment Management LLC increased its position in Fidelity National Financial by 2.9% in the 4th quarter. First Eagle Investment Management LLC now owns 6,113,602 shares of the financial services provider’s stock worth $311,916,000 after purchasing an additional 171,521 shares during the last quarter. Victory Capital Management Inc. raised its position in Fidelity National Financial by 195.2% during the fourth quarter. Victory Capital Management Inc. now owns 4,261,568 shares of the financial services provider’s stock valued at $217,425,000 after acquiring an additional 2,818,001 shares in the last quarter. Confluence Investment Management LLC acquired a new stake in Fidelity National Financial in the first quarter valued at approximately $135,347,000. Northern Trust Corp grew its position in Fidelity National Financial by 41.9% in the third quarter. Northern Trust Corp now owns 2,364,867 shares of the financial services provider’s stock worth $97,669,000 after acquiring an additional 698,322 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Fidelity National Financial by 6.4% during the 3rd quarter. Legal & General Group Plc now owns 1,930,540 shares of the financial services provider’s stock valued at $79,731,000 after purchasing an additional 116,393 shares in the last quarter. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Fidelity National Financial news, Director Halim Dhanidina sold 3,000 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $50.64, for a total value of $151,920.00. Following the sale, the director now directly owns 14,906 shares in the company, valued at $754,839.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Anthony Park sold 85,000 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $50.82, for a total value of $4,319,700.00. Following the transaction, the chief financial officer now owns 99,049 shares in the company, valued at $5,033,670.18. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Halim Dhanidina sold 3,000 shares of the business’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $50.64, for a total value of $151,920.00. Following the sale, the director now directly owns 14,906 shares of the company’s stock, valued at $754,839.84. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

Fidelity National Financial Stock Performance

NYSE FNF traded down $1.03 during trading on Tuesday, hitting $48.75. The company’s stock had a trading volume of 267,068 shares, compared to its average volume of 1,360,116. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.50. Fidelity National Financial, Inc. has a 52 week low of $33.81 and a 52 week high of $53.96. The firm has a 50 day moving average price of $50.28 and a 200 day moving average price of $50.30. The firm has a market cap of $13.32 billion, a P/E ratio of 16.18 and a beta of 1.35.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Wednesday, May 8th. The financial services provider reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.08). The firm had revenue of $3.30 billion for the quarter, compared to analyst estimates of $2.72 billion. Fidelity National Financial had a return on equity of 14.24% and a net margin of 6.55%. The firm’s quarterly revenue was up 33.3% compared to the same quarter last year. During the same period last year, the business earned $0.52 earnings per share. Equities research analysts forecast that Fidelity National Financial, Inc. will post 4.67 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.48 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.92 annualized dividend and a yield of 3.94%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 63.16%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Fidelity National Financial from $56.00 to $55.00 and set a “market perform” rating for the company in a report on Monday, May 13th. Barclays upped their price target on Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Finally, Stephens boosted their target price on Fidelity National Financial from $59.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, May 10th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $55.80.

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.