Lecap Asset Management Ltd. Increases Stock Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Lecap Asset Management Ltd. grew its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 12.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,129 shares of the financial services provider’s stock after purchasing an additional 2,766 shares during the period. Lecap Asset Management Ltd.’s holdings in Fidelity National Financial were worth $1,355,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its holdings in Fidelity National Financial by 3.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,025,159 shares of the financial services provider’s stock worth $498,041,000 after purchasing an additional 289,962 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Fidelity National Financial during the third quarter worth about $11,469,000. CWA Asset Management Group LLC purchased a new stake in shares of Fidelity National Financial during the third quarter worth approximately $11,100,000. Strategic Financial Concepts LLC acquired a new stake in Fidelity National Financial in the fourth quarter valued at approximately $7,760,000. Finally, Prana Capital Management LP lifted its stake in Fidelity National Financial by 1,104.7% in the third quarter. Prana Capital Management LP now owns 124,715 shares of the financial services provider’s stock worth $7,740,000 after acquiring an additional 114,363 shares during the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Trading Down 0.7 %

NYSE FNF opened at $58.04 on Friday. The firm’s fifty day moving average price is $58.05 and its 200 day moving average price is $58.73. Fidelity National Financial, Inc. has a 12 month low of $46.85 and a 12 month high of $64.83. 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 market capitalization of $15.88 billion, a price-to-earnings ratio of 21.11 and a beta of 1.39.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (EPS) 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 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 previous year, the business posted $1.23 EPS. On average, sell-side analysts expect that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Halim Dhanidina sold 2,800 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $54.85, for a total transaction of $153,580.00. Following the transaction, the director now directly 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sandra Douglass Morgan sold 2,092 shares of Fidelity National Financial 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 directly owns 32,386 shares in the company, 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. 5.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on FNF shares. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and increased their price objective for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Truist Financial raised their price target on Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Keefe, Bruyette & Woods decreased their price target on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Fidelity National Financial presently has an average rating of “Moderate Buy” and a consensus target price of $66.40.

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.