Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Moors & Cabot Inc.

Moors & Cabot Inc. lessened its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 0.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 50,709 shares of the financial services provider’s stock after selling 240 shares during the period. Moors & Cabot Inc.’s holdings in Fidelity National Financial were worth $2,847,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in FNF. Janney Montgomery Scott LLC raised its stake in shares of Fidelity National Financial by 1.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 29,543 shares of the financial services provider’s stock worth $1,833,000 after buying an additional 462 shares during the last quarter. Covestor Ltd raised its stake in Fidelity National Financial by 73.1% in the 3rd quarter. Covestor Ltd now owns 812 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 343 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake 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 valued at $1,058,000 after purchasing an additional 710 shares during the last quarter. Entropy Technologies LP raised its stake 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 valued at $1,846,000 after purchasing an additional 2,943 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC raised its stake in Fidelity National Financial by 0.9% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 87,891 shares of the financial services provider’s stock valued at $5,455,000 after purchasing an additional 768 shares during the last quarter. Institutional investors and hedge funds own 81.17% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on FNF. StockNews.com downgraded shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Keefe, Bruyette & Woods cut their target price on shares of Fidelity National Financial from $64.00 to $63.00 and set a “market perform” rating for the company in a research note on Wednesday, January 8th. Barclays boosted their target price on shares of Fidelity National Financial from $61.00 to $67.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Stephens upped their price objective on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research note on Monday, February 24th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and upped their price objective for the company from $76.00 to $77.00 in a research note on Friday, January 3rd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $70.40.

Insider Transactions at Fidelity National Financial

In other news, Director Sandra Douglass Morgan sold 2,092 shares of the business’s stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total transaction of $117,842.36. Following the completion of the sale, the director now owns 32,386 shares in the company, valued at approximately $1,824,303.38. The trade was a 6.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Halim Dhanidina sold 2,800 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $54.85, for a total value of $153,580.00. Following the sale, the director now 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. Company insiders own 5.20% of the company’s stock.

Fidelity National Financial Trading Down 0.5 %

NYSE FNF opened at $61.70 on Thursday. Fidelity National Financial, Inc. has a 12 month low of $46.85 and a 12 month high of $65.65. The company has a 50-day moving average of $58.77 and a 200-day moving average of $59.61. 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 company has a market cap of $16.97 billion, a P/E ratio of 13.27 and a beta of 1.32.

Fidelity National Financial (NYSE:FNF) last posted its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.11. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter in the prior year, the company posted $0.75 EPS. As a group, equities analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date 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.