L2 Asset Management LLC Increases Stock Holdings in Fidelity National Financial, Inc. $FNF

L2 Asset Management LLC boosted its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 128.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,713 shares of the financial services provider’s stock after buying an additional 12,194 shares during the period. L2 Asset Management LLC’s holdings in Fidelity National Financial were worth $1,313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Lido Advisors LLC boosted its holdings in Fidelity National Financial by 20.0% in the third quarter. Lido Advisors LLC now owns 10,954 shares of the financial services provider’s stock worth $663,000 after acquiring an additional 1,824 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of Fidelity National Financial by 15.4% during the third quarter. Integrated Wealth Concepts LLC now owns 16,393 shares of the financial services provider’s stock valued at $992,000 after acquiring an additional 2,193 shares in the last quarter. JCP Investment Management LLC raised its position in shares of Fidelity National Financial by 64.2% in the 3rd quarter. JCP Investment Management LLC now owns 346,254 shares of the financial services provider’s stock valued at $20,945,000 after purchasing an additional 135,355 shares during the last quarter. JPL Wealth Management LLC raised its position in shares of Fidelity National Financial by 1.2% in the 3rd quarter. JPL Wealth Management LLC now owns 53,811 shares of the financial services provider’s stock valued at $3,255,000 after purchasing an additional 614 shares during the last quarter. Finally, Gotham Asset Management LLC boosted its stake in Fidelity National Financial by 4.3% in the 3rd quarter. Gotham Asset Management LLC now owns 287,423 shares of the financial services provider’s stock worth $17,386,000 after purchasing an additional 11,828 shares in the last quarter. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Up 0.7%

NYSE:FNF opened at $47.91 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.24 and a quick ratio of 0.24. The company’s fifty day moving average price is $53.31 and its 200-day moving average price is $56.06. Fidelity National Financial, Inc. has a 1-year low of $45.94 and a 1-year high of $66.72. The firm has a market capitalization of $12.99 billion, a P/E ratio of 22.54, a PEG ratio of 0.60 and a beta of 0.99.

Fidelity National Financial (NYSE:FNF) last posted its earnings results on Thursday, February 19th. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.10). Fidelity National Financial had a net margin of 4.17% and a return on equity of 15.06%. The business had revenue of $4.05 billion for the quarter, compared to analyst estimates of $3.66 billion. During the same quarter in the prior year, the firm earned $1.34 earnings per share. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, equities research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, March 17th. Fidelity National Financial’s payout ratio is 97.65%.

Analysts Set New Price Targets

FNF has been the topic of several research analyst reports. Barclays dropped their target price on shares of Fidelity National Financial from $64.00 to $63.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 6th. Weiss Ratings downgraded shares of Fidelity National Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 2nd. National Bank Financial set a $71.00 price objective on shares of Fidelity National Financial in a report on Monday, February 23rd. Keefe, Bruyette & Woods upped their target price on Fidelity National Financial from $70.00 to $71.00 and gave the company an “outperform” rating in a research report on Monday, February 23rd. Finally, Wall Street Zen lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Monday, January 26th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $68.33.

Insider Activity

In other news, Director Halim Dhanidina sold 6,000 shares of the company’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $55.90, for a total value of $335,400.00. Following the sale, the director owned 13,186 shares in the company, valued at $737,097.40. This represents a 31.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.50% of the stock is currently owned by company insiders.

Fidelity National Financial Profile

Fidelity National Financial (NYSE: FNF) is a leading provider of title insurance and transaction services to the real estate and mortgage industries. The company underwrites title insurance policies that protect property owners and lenders against title defects, liens, and other encumbrances. Alongside its core title insurance operations, FNF offers escrow and closing services, e-recording solutions, and real estate data and analytics through a network of agents and underwriters.

FNF operates through two primary segments: Title Insurance and Specialty Insurance and Services.