L2 Asset Management LLC Buys New Shares in Fidelity National Financial, Inc. $FNF

L2 Asset Management LLC purchased a new stake in Fidelity National Financial, Inc. (NYSE:FNF) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 9,519 shares of the financial services provider’s stock, valued at approximately $534,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its position in shares of Fidelity National Financial by 4,545.5% during the second quarter. Blue Trust Inc. now owns 511 shares of the financial services provider’s stock worth $29,000 after buying an additional 500 shares during the period. Elevation Point Wealth Partners LLC bought a new stake in shares of Fidelity National Financial during the 2nd quarter worth $29,000. Rise Advisors LLC purchased a new stake in Fidelity National Financial during the first quarter valued at about $32,000. REAP Financial Group LLC raised its position in Fidelity National Financial by 70.0% during the second quarter. REAP Financial Group LLC now owns 697 shares of the financial services provider’s stock valued at $39,000 after buying an additional 287 shares during the period. Finally, SVB Wealth LLC purchased a new stake in Fidelity National Financial in the 1st quarter worth approximately $41,000. 81.17% of the stock is owned by institutional investors and hedge funds.

Fidelity National Financial Stock Performance

NYSE:FNF opened at $56.72 on Tuesday. Fidelity National Financial, Inc. has a fifty-two week low of $50.61 and a fifty-two week high of $66.72. The firm has a market cap of $15.38 billion, a PE ratio of 13.19 and a beta of 1.01. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.25 and a current ratio of 0.25. The business has a 50 day moving average price of $57.30 and a 200-day moving average price of $57.20.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Thursday, July 13th. The financial services provider reported $0.76 earnings per share for the quarter. The business had revenue of $3.17 billion for the quarter. Fidelity National Financial had a net margin of 8.34% and a return on equity of 15.06%. Equities research analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th will be given a $0.52 dividend. The ex-dividend date is Wednesday, December 17th. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a yield of 3.7%. Fidelity National Financial’s dividend payout ratio (DPR) is currently 46.51%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Fidelity National Financial from $69.00 to $70.00 and gave the stock an “outperform” rating in a report on Monday, November 10th. Stephens assumed coverage on Fidelity National Financial in a research report on Friday, November 14th. They issued an “overweight” rating for the company. Barclays reissued a “cautious” rating on shares of Fidelity National Financial in a research note on Monday, October 6th. National Bankshares set a $64.00 price objective on Fidelity National Financial in a report on Monday, October 6th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Fidelity National Financial in a research note on Monday, December 1st. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $70.00.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, Director Daniel D. Lane sold 6,367 shares of Fidelity National Financial stock in a transaction on Monday, November 17th. The shares were sold at an average price of $57.63, for a total value of $366,930.21. Following the sale, the director directly owned 276,308 shares in the company, valued at approximately $15,923,630.04. The trade was a 2.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 5.50% of the company’s stock.

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.