Custom Index Systems LLC Acquires 2,023 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Custom Index Systems LLC raised its stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 14.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 16,365 shares of the financial services provider’s stock after acquiring an additional 2,023 shares during the quarter. Custom Index Systems LLC’s holdings in Fidelity National Financial were worth $919,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in FNF. Renaissance Technologies LLC bought a new position in shares of Fidelity National Financial in the 2nd quarter valued at approximately $1,305,000. Marshall Wace LLP bought a new position in shares of Fidelity National Financial in the second quarter valued at approximately $2,704,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Fidelity National Financial in the second quarter worth $306,000. Cetera Investment Advisers boosted its holdings in shares of Fidelity National Financial by 1.3% during the 2nd quarter. Cetera Investment Advisers now owns 45,001 shares of the financial services provider’s stock worth $2,224,000 after buying an additional 584 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in Fidelity National Financial in the 2nd quarter valued at $3,349,000. Institutional investors and hedge funds own 81.17% of the company’s stock.

Fidelity National Financial Stock Down 0.6 %

FNF stock opened at $58.20 on Friday. Fidelity National Financial, Inc. has a twelve month low of $46.85 and a twelve month high of $64.83. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The company has a market cap of $15.92 billion, a PE ratio of 21.16 and a beta of 1.38. The business’s 50-day simple moving average is $58.57 and its 200 day simple moving average is $58.58.

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

Fidelity National Financial Increases Dividend

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

Insider Activity

In other Fidelity National Financial news, Director Sandra Douglass Morgan sold 2,092 shares of the company’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 sale, the director now directly owns 32,386 shares in the company, valued at $1,824,303.38. This 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 at this hyperlink. Also, Director Halim Dhanidina sold 2,800 shares of the 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 transaction, the director now owns 16,716 shares of the company’s stock, valued at $916,872.60. This represents a 14.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on FNF shares. Truist Financial boosted their target price 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. Keefe, Bruyette & Woods cut their price objective on 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. Barclays raised their target price on Fidelity National Financial from $56.00 to $59.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and upped their price target for the stock from $76.00 to $77.00 in a report on Friday, January 3rd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $66.40.

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.