Vinva Investment Management Ltd Takes $577,000 Position in Fidelity National Financial, Inc. (NYSE:FNF)

Vinva Investment Management Ltd acquired a new stake in Fidelity National Financial, Inc. (NYSE:FNF) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,296 shares of the financial services provider’s stock, valued at approximately $577,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FNF. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Fidelity National Financial in the 3rd quarter valued at $897,000. Commerce Bank lifted its holdings in Fidelity National Financial by 3.5% in the 3rd quarter. Commerce Bank now owns 5,991 shares of the financial services provider’s stock valued at $372,000 after purchasing an additional 200 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in Fidelity National Financial by 5.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 43,092 shares of the financial services provider’s stock valued at $2,674,000 after purchasing an additional 2,341 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in Fidelity National Financial by 32.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 878 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 216 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Fidelity National Financial by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,025,159 shares of the financial services provider’s stock valued at $498,041,000 after purchasing an additional 289,962 shares in the last quarter. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Insider Buying and Selling

In related news, Director Halim Dhanidina sold 2,800 shares of the firm’s stock in a transaction dated 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 directly owns 16,716 shares in the company, valued at $916,872.60. This trade represents a 14.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Sandra Douglass Morgan sold 2,092 shares of the firm’s stock in a transaction dated 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 $1,824,303.38. This trade represents a 6.07 % 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

FNF has been the topic of a number of research reports. 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 report on Friday, January 3rd. Keefe, Bruyette & Woods cut their target price on 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 raised their target price on Fidelity National Financial from $61.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Monday, February 24th. Stephens raised their target price on Fidelity National Financial from $68.00 to $75.00 and gave the stock an “overweight” rating in a research note on Monday, February 24th. Finally, StockNews.com downgraded Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $70.40.

Fidelity National Financial Stock Down 1.0 %

Shares of NYSE:FNF opened at $63.49 on Friday. The business has a 50-day moving average price of $59.91 and a 200 day moving average price of $59.86. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $17.46 billion, a price-to-earnings ratio of 13.65 and a beta of 1.32. Fidelity National Financial, Inc. has a 12-month low of $46.85 and a 12-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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.11. The firm had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.33 billion. Fidelity National Financial had a return on equity of 15.36% and a net margin of 9.28%. During the same period last year, the company earned $0.75 EPS. Sell-side analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date is Monday, March 17th. Fidelity National Financial’s payout ratio is 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.