50,173 Shares in Fidelity National Financial, Inc. (NYSE:FNF) Bought by JPL Wealth Management LLC

JPL Wealth Management LLC bought a new position in Fidelity National Financial, Inc. (NYSE:FNF) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 50,173 shares of the financial services provider’s stock, valued at approximately $2,817,000.

A number of other institutional investors also recently bought and sold shares of FNF. Janney Montgomery Scott LLC raised its holdings in Fidelity National Financial by 1.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 29,543 shares of the financial services provider’s stock worth $1,833,000 after purchasing an additional 462 shares during the period. Covestor Ltd raised its holdings in Fidelity National Financial by 73.1% in the 3rd quarter. Covestor Ltd now owns 812 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 343 shares during the period. Crossmark Global Holdings Inc. raised its holdings in Fidelity National Financial by 4.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 17,044 shares of the financial services provider’s stock worth $1,058,000 after purchasing an additional 710 shares during the period. Entropy Technologies LP raised its holdings in Fidelity National Financial by 11.0% in the 3rd quarter. Entropy Technologies LP now owns 29,749 shares of the financial services provider’s stock worth $1,846,000 after purchasing an additional 2,943 shares during the period. Finally, Prime Capital Investment Advisors LLC raised its holdings in Fidelity National Financial by 0.9% during the third quarter. Prime Capital Investment Advisors LLC now owns 87,891 shares of the financial services provider’s stock valued at $5,455,000 after acquiring an additional 768 shares during the period. 81.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FNF. StockNews.com cut Fidelity National Financial from a “buy” rating to a “hold” rating in a report on Tuesday, March 4th. Stephens raised their price target on Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, February 24th. Barclays raised their price target on Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a report on Monday, February 24th. Keefe, Bruyette & Woods decreased their price target on Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating on the stock in a report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and raised their price objective for the company from $76.00 to $77.00 in a research 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’s stock. According to MarketBeat.com, Fidelity National Financial presently has an average rating of “Moderate Buy” and a consensus target price of $70.40.

Insiders Place Their Bets

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

Fidelity National Financial Trading Down 0.5 %

Shares of Fidelity National Financial stock opened at $61.70 on Thursday. The firm has a market cap of $16.97 billion, a price-to-earnings ratio of 13.27 and a beta of 1.32. The business has a 50-day moving average price of $58.77 and a 200-day moving average price of $59.61. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. Fidelity National Financial, Inc. has a twelve month low of $46.85 and a twelve 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 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.11. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. The company had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.33 billion. During the same period in the previous year, the firm posted $0.75 earnings per share. Equities research analysts anticipate that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.00 annualized dividend and a yield of 3.24%. Fidelity National Financial’s payout ratio is currently 43.01%.

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.