Applied Capital LLC FL Grows Stock Position in Fidelity National Financial, Inc. (NYSE:FNF)

Applied Capital LLC FL raised its holdings in Fidelity National Financial, Inc. (NYSE:FNF) by 1.2% during the first quarter, HoldingsChannel.com reports. The firm owned 25,248 shares of the financial services provider’s stock after buying an additional 289 shares during the period. Applied Capital LLC FL’s holdings in Fidelity National Financial were worth $1,341,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Nomura Asset Management Co. Ltd. raised its position in shares of Fidelity National Financial by 0.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 66,445 shares of the financial services provider’s stock valued at $3,390,000 after purchasing an additional 196 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Fidelity National Financial by 10.6% in the 1st quarter. GAMMA Investing LLC now owns 2,155 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 207 shares in the last quarter. Global Retirement Partners LLC raised its position in shares of Fidelity National Financial by 7.6% in the 4th quarter. Global Retirement Partners LLC now owns 3,012 shares of the financial services provider’s stock valued at $147,000 after purchasing an additional 212 shares in the last quarter. Hunter Associates Investment Management LLC raised its position in shares of Fidelity National Financial by 0.3% in the 4th quarter. Hunter Associates Investment Management LLC now owns 77,198 shares of the financial services provider’s stock valued at $3,940,000 after purchasing an additional 255 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC raised its position in shares of Fidelity National Financial by 1.7% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 16,046 shares of the financial services provider’s stock valued at $819,000 after purchasing an additional 271 shares in the last quarter. 81.17% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Fidelity National Financial news, Director Halim Dhanidina sold 3,000 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $50.64, for a total value of $151,920.00. Following the sale, the director now directly owns 14,906 shares of the company’s stock, valued at $754,839.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Halim Dhanidina sold 3,000 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $50.64, for a total value of $151,920.00. Following the completion of the transaction, the director now owns 14,906 shares of the company’s stock, valued at $754,839.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Anthony Park sold 85,000 shares of the stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $50.82, for a total value of $4,319,700.00. Following the completion of the transaction, the chief financial officer now directly owns 99,049 shares of the company’s stock, valued at approximately $5,033,670.18. The disclosure for this sale can be found here. 5.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

FNF has been the topic of several research reports. Keefe, Bruyette & Woods dropped their price target on Fidelity National Financial from $55.00 to $53.00 and set a “market perform” rating on the stock in a research report on Tuesday. Barclays upped their price target on Fidelity National Financial from $52.00 to $56.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Finally, Stephens upped their price target on Fidelity National Financial from $59.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, May 10th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $55.40.

Fidelity National Financial Stock Performance

NYSE FNF traded up $0.63 during trading hours on Tuesday, hitting $49.21. The company had a trading volume of 423,316 shares, compared to its average volume of 1,359,175. Fidelity National Financial, Inc. has a fifty-two week low of $34.96 and a fifty-two week high of $53.96. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.50. The business has a fifty day simple moving average of $50.39 and a 200-day simple moving average of $50.35. The firm has a market cap of $13.45 billion, a P/E ratio of 15.99 and a beta of 1.35.

Fidelity National Financial (NYSE:FNF) last issued its earnings results on Wednesday, May 8th. The financial services provider reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.08). Fidelity National Financial had a return on equity of 14.24% and a net margin of 6.55%. The company had revenue of $3.30 billion during the quarter, compared to analyst estimates of $2.72 billion. During the same period in the prior year, the business earned $0.52 earnings per share. Fidelity National Financial’s quarterly revenue was up 33.3% on a year-over-year basis. Equities analysts predict that Fidelity National Financial, Inc. will post 4.67 EPS for the current year.

Fidelity National Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.90%. The ex-dividend date was Friday, June 14th. Fidelity National Financial’s dividend payout ratio is presently 63.16%.

About Fidelity National Financial

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.