Lingotto Investment Management LLP Increases Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Lingotto Investment Management LLP boosted its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 0.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 157,462 shares of the financial services provider’s stock after purchasing an additional 858 shares during the quarter. Lingotto Investment Management LLP’s holdings in Fidelity National Financial were worth $8,840,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FNF. Allspring Global Investments Holdings LLC increased its holdings in shares of Fidelity National Financial by 257.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 19,498 shares of the financial services provider’s stock worth $1,210,000 after buying an additional 14,042 shares during the last quarter. International Assets Investment Management LLC grew its position in Fidelity National Financial by 6,061.9% in the third quarter. International Assets Investment Management LLC now owns 43,380 shares of the financial services provider’s stock worth $26,920,000 after acquiring an additional 42,676 shares during the period. PFG Investments LLC acquired a new stake in Fidelity National Financial during the third quarter worth $202,000. Wealth Enhancement Advisory Services LLC raised its position in Fidelity National Financial by 18.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 24,746 shares of the financial services provider’s stock valued at $1,536,000 after purchasing an additional 3,866 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of Fidelity National Financial by 13.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 73,492 shares of the financial services provider’s stock valued at $4,469,000 after purchasing an additional 8,623 shares during the last quarter. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Fidelity National Financial

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

Fidelity National Financial Price Performance

Shares of FNF opened at $60.95 on Wednesday. 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, Inc. has a fifty-two week low of $46.85 and a fifty-two week high of $64.83. The company has a market cap of $16.68 billion, a P/E ratio of 13.11 and a beta of 1.39. The firm’s 50 day moving average price is $57.31 and its 200 day moving average price is $59.15.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (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 business had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.33 billion. During the same period last year, the firm earned $0.75 earnings per share. On average, research 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.28%. Fidelity National Financial’s payout ratio is 43.01%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Barclays boosted 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 report on Monday. StockNews.com upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating in a report on Monday. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and increased their price objective for the stock from $76.00 to $77.00 in a research report on Friday, January 3rd. Keefe, Bruyette & Woods cut their target price on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 8th. Finally, Truist Financial raised their price target on Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $70.40.

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.