Tocqueville Asset Management L.P. Sells 216 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Tocqueville Asset Management L.P. lessened its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,551 shares of the financial services provider’s stock after selling 216 shares during the period. Tocqueville Asset Management L.P.’s holdings in Fidelity National Financial were worth $592,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. lifted its stake in Fidelity National Financial by 5.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 18,736 shares of the financial services provider’s stock valued at $1,052,000 after purchasing an additional 970 shares during the last quarter. Natixis Advisors LLC raised its holdings in Fidelity National Financial by 6.1% during the 4th quarter. Natixis Advisors LLC now owns 340,084 shares of the financial services provider’s stock valued at $19,092,000 after acquiring an additional 19,524 shares during the period. JPL Wealth Management LLC bought a new stake in Fidelity National Financial during the 4th quarter valued at $2,817,000. Skandinaviska Enskilda Banken AB publ raised its holdings in Fidelity National Financial by 148.9% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 123,033 shares of the financial services provider’s stock valued at $6,900,000 after acquiring an additional 73,600 shares during the period. Finally, Avantax Advisory Services Inc. raised its holdings in Fidelity National Financial by 2.1% during the 4th quarter. Avantax Advisory Services Inc. now owns 38,494 shares of the financial services provider’s stock valued at $2,161,000 after acquiring an additional 789 shares during the period. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Fidelity National Financial Stock Up 0.0 %

FNF opened at $64.16 on Thursday. The business’s fifty day simple moving average is $59.57 and its 200 day simple moving average is $59.80. 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 52 week low of $46.85 and a 52 week high of $65.65. The stock has a market cap of $17.64 billion, a PE ratio of 13.80 and a beta of 1.32.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings results 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 net margin of 9.28% and a return on equity of 15.36%. The business had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.33 billion. During the same period in the prior year, the business posted $0.75 earnings per share. As a group, research analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 3.12%. Fidelity National Financial’s payout ratio is 43.01%.

Insider Buying and Selling at Fidelity National Financial

In other news, Director Sandra Douglass Morgan sold 2,092 shares of the stock in a transaction dated 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Halim Dhanidina sold 2,800 shares of the stock in a transaction dated Friday, January 10th. The stock was 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 of the company’s stock, 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. Company insiders own 5.20% of the company’s stock.

Analysts Set New Price Targets

FNF has been the topic of several research analyst reports. 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 on the stock in a report on Wednesday, January 8th. Stephens upped their price target on shares of Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a report 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 target for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Barclays upped their price target on shares of Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. Finally, StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.