Parkwood LLC Lowers Position in Fidelity National Financial, Inc. $FNF

Parkwood LLC decreased its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 25.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 141,142 shares of the financial services provider’s stock after selling 48,542 shares during the quarter. Parkwood LLC owned 0.05% of Fidelity National Financial worth $7,912,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in FNF. Blue Trust Inc. grew its position in 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 valued at $29,000 after buying an additional 500 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in shares of Fidelity National Financial in the second quarter worth about $29,000. Rise Advisors LLC purchased a new stake in shares of Fidelity National Financial during the 1st quarter worth about $32,000. REAP Financial Group LLC grew its position in shares of Fidelity National Financial by 70.0% during the 2nd quarter. REAP Financial Group LLC now owns 697 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 287 shares during the period. Finally, SVB Wealth LLC acquired a new stake in shares of Fidelity National Financial during the 1st quarter valued at about $41,000. 81.17% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on FNF. National Bankshares set a $64.00 price target on Fidelity National Financial in a research report on Monday, October 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Fidelity National Financial in a research note on Monday. Stephens initiated coverage on Fidelity National Financial in a research report on Friday, November 14th. They set an “overweight” rating on the stock. Keefe, Bruyette & Woods boosted their price target 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. Finally, Barclays restated a “cautious” rating on shares of Fidelity National Financial in a research report on Monday, October 6th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Fidelity National Financial currently has an average rating of “Moderate Buy” and an average price target of $70.00.

Fidelity National Financial Trading Up 2.0%

Shares of FNF opened at $57.66 on Friday. Fidelity National Financial, Inc. has a 52-week low of $50.61 and a 52-week high of $66.72. The stock has a market cap of $15.63 billion, a PE ratio of 13.41 and a beta of 1.01. The firm’s fifty day moving average is $57.11 and its two-hundred day moving average is $57.22. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.47.

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

Fidelity National Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th will be issued a dividend of $0.52 per share. The ex-dividend date is Wednesday, December 17th. This represents a $2.08 annualized dividend and a dividend yield of 3.6%. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.50. Fidelity National Financial’s payout ratio is presently 46.51%.

Insider Activity

In related news, Director Daniel D. Lane sold 6,367 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $57.63, for a total value of $366,930.21. Following the completion of the sale, the director owned 276,308 shares of the company’s stock, valued at approximately $15,923,630.04. This trade represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.50% of the stock is owned by company insiders.

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.