Fidelity National Financial, Inc. $FNF Stock Position Boosted by SWS Partners

SWS Partners increased its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 900.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 483,645 shares of the financial services provider’s stock after acquiring an additional 435,281 shares during the quarter. Fidelity National Financial makes up about 4.9% of SWS Partners’ holdings, making the stock its 3rd biggest position. SWS Partners’ holdings in Fidelity National Financial were worth $26,402,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of FNF. Applied Capital LLC FL grew its position in Fidelity National Financial by 1.7% during the 4th quarter. Applied Capital LLC FL now owns 26,353 shares of the financial services provider’s stock worth $1,439,000 after purchasing an additional 428 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Fidelity National Financial by 18.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 36,074 shares of the financial services provider’s stock valued at $1,969,000 after purchasing an additional 5,659 shares during the period. Mn Services Vermogensbeheer B.V. raised its holdings in shares of Fidelity National Financial by 1.3% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 100,092 shares of the financial services provider’s stock valued at $5,464,000 after buying an additional 1,292 shares during the last quarter. Centennial Wealth Advisory LLC raised its holdings in shares of Fidelity National Financial by 5.3% in the fourth quarter. Centennial Wealth Advisory LLC now owns 4,822 shares of the financial services provider’s stock valued at $263,000 after buying an additional 243 shares during the last quarter. Finally, Chesley Taft & Associates LLC boosted its stake in shares of Fidelity National Financial by 9.1% during the fourth quarter. Chesley Taft & Associates LLC now owns 17,850 shares of the financial services provider’s stock worth $974,000 after buying an additional 1,489 shares during the period. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Insider Transactions at Fidelity National Financial

In other news, Director Halim Dhanidina sold 6,000 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $55.90, for a total transaction of $335,400.00. Following the completion of the transaction, the director directly owned 13,186 shares of the company’s stock, valued at approximately $737,097.40. This represents a 31.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 5.50% of the company’s stock.

Wall Street Analyst Weigh In

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

Fidelity National Financial Stock Down 0.4%

FNF stock opened at $46.19 on Thursday. The stock has a market capitalization of $12.52 billion, a PE ratio of 21.73, a price-to-earnings-growth ratio of 0.59 and a beta of 0.99. The company has a fifty day moving average of $51.39 and a 200-day moving average of $54.88. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.24 and a current ratio of 0.24. Fidelity National Financial, Inc. has a one year low of $42.78 and a one year high of $66.72.

Fidelity National Financial (NYSE:FNF) last issued its quarterly 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). The firm had revenue of $4.05 billion for the quarter, compared to analyst estimates of $3.66 billion. Fidelity National Financial had a return on equity of 15.06% and a net margin of 4.17%.The company’s revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.34 earnings per share. As a group, analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were given a dividend of $0.52 per share. The ex-dividend date was Tuesday, March 17th. This represents a $2.08 annualized dividend and a yield of 4.5%. Fidelity National Financial’s payout ratio is presently 97.65%.

Fidelity National Financial Company 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.