Independent Advisor Alliance Increases Position in Fidelity National Financial, Inc. (NYSE:FNF)

Independent Advisor Alliance increased its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 67.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,607 shares of the financial services provider’s stock after acquiring an additional 2,262 shares during the period. Independent Advisor Alliance’s holdings in Fidelity National Financial were worth $315,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FNF. Metis Global Partners LLC purchased a new position in Fidelity National Financial in the third quarter worth $205,000. CIBC Asset Management Inc grew its position in Fidelity National Financial by 3.2% in the third quarter. CIBC Asset Management Inc now owns 16,022 shares of the financial services provider’s stock worth $994,000 after acquiring an additional 499 shares in the last quarter. Empowered Funds LLC grew its position in Fidelity National Financial by 3.6% in the third quarter. Empowered Funds LLC now owns 42,127 shares of the financial services provider’s stock worth $2,614,000 after acquiring an additional 1,465 shares in the last quarter. Natixis Advisors LLC grew its position in Fidelity National Financial by 9.2% in the third quarter. Natixis Advisors LLC now owns 320,560 shares of the financial services provider’s stock worth $19,894,000 after acquiring an additional 27,135 shares in the last quarter. Finally, Claro Advisors LLC purchased a new position in Fidelity National Financial in the third quarter worth $253,000. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Analyst Ratings Changes

FNF has been the subject of several analyst reports. Barclays upped their price target on shares of Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a research report on Monday, February 24th. StockNews.com lowered shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft upgraded shares of 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. Stephens upped their price target on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, February 24th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a research report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.40.

Fidelity National Financial Stock Performance

Shares of NYSE:FNF opened at $64.05 on Wednesday. The company has a market cap of $17.61 billion, a price-to-earnings ratio of 13.77 and a beta of 1.32. The company has a 50-day moving average price of $59.40 and a 200-day moving average price of $59.77. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a 12 month low of $46.85 and a 12 month high of $65.65.

Fidelity National Financial (NYSE:FNF) last issued its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.23 by $0.11. The firm had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.33 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. During the same period in the prior year, the firm posted $0.75 earnings per share. As a group, equities 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 declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend is Monday, March 17th. Fidelity National Financial’s payout ratio is currently 43.01%.

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.