Legal Advantage Investments Inc. Has $1.69 Million Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Legal Advantage Investments Inc. lessened its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 2.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 30,130 shares of the financial services provider’s stock after selling 600 shares during the quarter. Legal Advantage Investments Inc.’s holdings in Fidelity National Financial were worth $1,691,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. ZWJ Investment Counsel Inc. lifted its holdings in Fidelity National Financial by 1.0% during the third quarter. ZWJ Investment Counsel Inc. now owns 19,740 shares of the financial services provider’s stock valued at $1,225,000 after purchasing an additional 195 shares during the last quarter. Commerce Bank increased its position in shares of Fidelity National Financial by 3.5% during the third quarter. Commerce Bank now owns 5,991 shares of the financial services provider’s stock valued at $372,000 after buying an additional 200 shares during the period. Intech Investment Management LLC increased its position in shares of Fidelity National Financial by 1.3% during the second quarter. Intech Investment Management LLC now owns 15,336 shares of the financial services provider’s stock valued at $758,000 after buying an additional 202 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Fidelity National Financial by 13.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,766 shares of the financial services provider’s stock valued at $87,000 after buying an additional 213 shares during the period. Finally, First Horizon Advisors Inc. increased its position in shares of Fidelity National Financial by 32.6% during the third quarter. First Horizon Advisors Inc. now owns 878 shares of the financial services provider’s stock valued at $55,000 after buying an additional 216 shares during the period. Institutional investors and hedge funds own 81.17% of the company’s stock.

Insider Activity

In related news, Director Sandra Douglass Morgan sold 2,092 shares of the firm’s stock in a transaction on Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total value of $117,842.36. Following the completion of the sale, the director now owns 32,386 shares of the company’s stock, valued at $1,824,303.38. This trade represents a 6.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Halim Dhanidina sold 2,800 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $54.85, for a total value of $153,580.00. Following the completion of the sale, the director now directly owns 16,716 shares of the company’s stock, valued at $916,872.60. The trade was a 14.35 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and upped their price target for the company from $76.00 to $77.00 in a research report on Friday, January 3rd. Barclays upped their price objective on shares of Fidelity National Financial from $56.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Truist Financial upped their price objective on shares of Fidelity National Financial from $64.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $66.40.

Fidelity National Financial Stock Up 0.8 %

Shares of NYSE FNF opened at $58.12 on Tuesday. The stock has a market capitalization of $15.91 billion, a P/E ratio of 21.14 and a beta of 1.38. Fidelity National Financial, Inc. has a one year low of $46.85 and a one year 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 firm’s 50 day simple moving average is $59.00 and its two-hundred day simple moving average is $58.15.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.32 billion. Fidelity National Financial had a net margin of 5.57% and a return on equity of 13.72%. The business’s revenue for the quarter was up 29.7% compared to the same quarter last year. During the same period last year, the company posted $1.23 EPS. As a group, analysts expect that Fidelity National Financial, Inc. will post 4.57 EPS for the current fiscal year.

Fidelity National Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date was Tuesday, December 17th. This is a positive change from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s dividend payout ratio is 72.73%.

Fidelity National Financial Company 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.