Fox Run Management L.L.C. Makes New Investment in Fidelity National Financial, Inc. (NYSE:FNF)

Fox Run Management L.L.C. acquired a new position in Fidelity National Financial, Inc. (NYSE:FNF) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 16,831 shares of the financial services provider’s stock, valued at approximately $945,000.

Several other institutional investors have also recently modified their holdings of FNF. Raymond James Financial Inc. purchased a new position in shares of Fidelity National Financial in the fourth quarter worth about $33,103,000. Jupiter Asset Management Ltd. acquired a new stake in shares of Fidelity National Financial in the fourth quarter worth approximately $32,670,000. National Pension Service boosted its stake in shares of Fidelity National Financial by 648.5% in the fourth quarter. National Pension Service now owns 496,600 shares of the financial services provider’s stock worth $27,879,000 after acquiring an additional 430,252 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Fidelity National Financial by 4.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,412,888 shares of the financial services provider’s stock worth $472,300,000 after acquiring an additional 387,729 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in Fidelity National Financial during the third quarter worth $11,469,000. 81.17% of the stock is currently owned by hedge funds and other institutional investors.

Fidelity National Financial Stock Performance

NYSE FNF opened at $63.49 on Friday. Fidelity National Financial, Inc. has a 1-year low of $46.85 and a 1-year high of $65.65. The company has a market capitalization of $17.46 billion, a P/E ratio of 13.65 and a beta of 1.32. The business has a 50 day moving average price of $59.91 and a 200 day moving average price of $59.87. 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 (NYSE:FNF) last issued its earnings results 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 return on equity of 15.36% and a net margin of 9.28%. The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same period in the previous year, the firm posted $0.75 earnings per share. Sell-side analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The company also recently announced 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. This represents a $2.00 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Monday, March 17th. Fidelity National Financial’s dividend payout ratio (DPR) is currently 43.01%.

Insider Buying and Selling at Fidelity National Financial

In other Fidelity National Financial news, Director Halim Dhanidina sold 2,800 shares of Fidelity National Financial stock in a transaction on Friday, January 10th. The shares were sold at an average price of $54.85, for a total transaction of $153,580.00. Following the completion of the sale, the director now owns 16,716 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. 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 transaction of $117,842.36. Following the completion of the transaction, the director now directly owns 32,386 shares of the company’s stock, valued at $1,824,303.38. This trade represents a 6.07 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. StockNews.com lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and boosted their price objective for the company from $76.00 to $77.00 in a report on Friday, January 3rd. Stephens boosted their price objective on Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, February 24th. Keefe, Bruyette & Woods cut their price objective 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, Barclays boosted their price objective 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. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $70.40.

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.