Davis Capital Management Boosts Position in Fidelity National Financial, Inc. (NYSE:FNF)

Davis Capital Management boosted its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 6.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 10,451 shares of the financial services provider’s stock after buying an additional 632 shares during the period. Davis Capital Management’s holdings in Fidelity National Financial were worth $587,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of FNF. Renaissance Technologies LLC purchased a new position in Fidelity National Financial in the second quarter valued at approximately $1,305,000. Vanguard Personalized Indexing Management LLC raised its stake in shares of Fidelity National Financial by 5.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 20,579 shares of the financial services provider’s stock valued at $1,016,000 after purchasing an additional 1,147 shares during the period. Intech Investment Management LLC raised its stake in shares of Fidelity National Financial by 1.3% during the second quarter. Intech Investment Management LLC now owns 15,336 shares of the financial services provider’s stock valued at $758,000 after purchasing an additional 202 shares during the period. Sei Investments Co. raised its stake in shares of Fidelity National Financial by 1,051.5% during the second quarter. Sei Investments Co. now owns 131,186 shares of the financial services provider’s stock valued at $6,483,000 after purchasing an additional 119,793 shares during the period. Finally, Ensign Peak Advisors Inc raised its stake in shares of Fidelity National Financial by 6.8% during the second quarter. Ensign Peak Advisors Inc now owns 175,150 shares of the financial services provider’s stock valued at $8,656,000 after purchasing an additional 11,180 shares during the period. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Insiders Place Their Bets

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

Fidelity National Financial Stock Up 1.3 %

FNF stock opened at $58.78 on Wednesday. Fidelity National Financial, Inc. has a twelve month low of $46.85 and a twelve month high of $64.83. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $16.09 billion, a P/E ratio of 21.38 and a beta of 1.38. The firm has a 50 day simple moving average of $58.96 and a 200-day simple moving average of $58.21.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). The business had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.32 billion. Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The business’s revenue for the quarter was up 29.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.23 EPS. On average, equities research analysts predict that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current fiscal year.

Fidelity National Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend was Tuesday, December 17th. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s payout ratio is currently 72.73%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on FNF shares. Truist Financial lifted their price objective on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Deutsche Bank Aktiengesellschaft upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating and lifted their price objective for the company from $76.00 to $77.00 in a research note on Friday, January 3rd. Keefe, Bruyette & Woods dropped their price objective on shares of 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. Finally, Barclays raised their price target on shares of Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to 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 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.