Legal Advantage Investments Inc. decreased its position in Fidelity National Financial, Inc. (NYSE:FNF – Free Report) by 2.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 30,130 shares of the financial services provider’s stock after selling 600 shares during the quarter. Legal Advantage Investments Inc.’s holdings in Fidelity National Financial were worth $1,691,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in FNF. Capital Performance Advisors LLP bought a new stake in Fidelity National Financial in the 3rd quarter worth about $32,000. Brooklyn Investment Group bought a new stake in Fidelity National Financial in the 3rd quarter worth about $35,000. True Wealth Design LLC bought a new stake in Fidelity National Financial in the 3rd quarter worth about $41,000. UMB Bank n.a. increased its holdings in Fidelity National Financial by 280.6% in the 3rd quarter. UMB Bank n.a. now owns 685 shares of the financial services provider’s stock worth $43,000 after buying an additional 505 shares in the last quarter. Finally, Larson Financial Group LLC increased its holdings in Fidelity National Financial by 141.1% in the 3rd quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock worth $43,000 after buying an additional 402 shares in the last quarter. Institutional investors own 81.17% of the company’s stock.
Insider Activity
In related news, Director Halim Dhanidina sold 2,800 shares of the business’s stock in a transaction 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 completion of the transaction, the director now owns 16,716 shares in the company, valued at $916,872.60. The trade was a 14.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sandra Douglass Morgan sold 2,092 shares of the business’s stock in a transaction 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 owns 32,386 shares of the company’s stock, valued at approximately $1,824,303.38. The trade was a 6.07 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.
Analysts Set New Price Targets
Read Our Latest Analysis on Fidelity National Financial
Fidelity National Financial Stock Performance
NYSE:FNF opened at $58.12 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.24 and a quick ratio of 0.24. Fidelity National Financial, Inc. has a 1 year low of $46.85 and a 1 year high of $64.83. The stock’s 50 day simple moving average is $59.00 and its two-hundred day simple moving average is $58.15. The company has a market cap of $15.91 billion, a price-to-earnings ratio of 21.14 and a beta of 1.38.
Fidelity National Financial (NYSE:FNF – Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.41 by ($0.11). Fidelity National Financial had a return on equity of 13.72% and a net margin of 5.57%. The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the previous year, the firm earned $1.23 EPS. The business’s revenue was up 29.7% compared to the same quarter last year. As a group, equities analysts anticipate that Fidelity National Financial, Inc. will post 4.57 earnings per share for the current fiscal year.
Fidelity National Financial Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, December 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.44%. This is an increase from Fidelity National Financial’s previous quarterly dividend of $0.48. Fidelity National Financial’s payout ratio is currently 72.73%.
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.
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