R Squared Ltd Makes New Investment in Fidelity National Financial, Inc. (NYSE:FNF)

R Squared Ltd acquired a new position in Fidelity National Financial, Inc. (NYSE:FNF) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 2,280 shares of the financial services provider’s stock, valued at approximately $128,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new position in shares of Fidelity National Financial during the third quarter valued at about $32,000. Brooklyn Investment Group purchased a new stake in Fidelity National Financial in the third quarter worth $35,000. True Wealth Design LLC purchased a new stake in shares of Fidelity National Financial in the 3rd quarter worth about $41,000. UMB Bank n.a. increased its stake in shares of Fidelity National Financial by 280.6% during the third quarter. UMB Bank n.a. now owns 685 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 505 shares in the last quarter. Finally, Larson Financial Group LLC increased its position in Fidelity National Financial by 141.1% during the 3rd quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock valued at $43,000 after buying an additional 402 shares in the last quarter. Institutional investors own 81.17% of the company’s stock.

Insider Transactions at Fidelity National Financial

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

Analysts Set New Price Targets

Several research analysts have issued reports on FNF shares. Truist Financial lifted their target price on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Barclays raised their target price on 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. Keefe, Bruyette & Woods cut their price objective 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. Finally, Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and increased their target price for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $66.40.

Fidelity National Financial Trading Down 0.0 %

Shares of FNF opened at $58.06 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. The company has a 50 day simple moving average of $58.65 and a two-hundred day simple moving average of $58.59. Fidelity National Financial, Inc. has a 1 year low of $46.85 and a 1 year high of $64.83. The firm has a market cap of $15.89 billion, a P/E ratio of 21.11 and a beta of 1.38.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.11). The firm had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.32 billion. Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The business’s quarterly revenue was up 29.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.23 EPS. On average, equities analysts expect 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 paid a $0.50 dividend. This is a boost from Fidelity National Financial’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend was Tuesday, December 17th. Fidelity National Financial’s dividend payout ratio (DPR) is presently 72.73%.

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.