Fidelity National Financial, Inc. (NYSE:FNF) Shares Bought by Prosperitas Financial LLC

Prosperitas Financial LLC raised its position in Fidelity National Financial, Inc. (NYSE:FNF) by 5.4% in the 4th quarter, Holdings Channel reports. The fund owned 4,997 shares of the financial services provider’s stock after acquiring an additional 256 shares during the period. Prosperitas Financial LLC’s holdings in Fidelity National Financial were worth $281,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Capital Performance Advisors LLP acquired a new stake in shares of Fidelity National Financial in the 3rd quarter worth $32,000. Brooklyn Investment Group acquired a new stake in shares of Fidelity National Financial in the third quarter valued at about $35,000. Kestra Investment Management LLC acquired a new stake in shares of Fidelity National Financial in the fourth quarter valued at about $37,000. True Wealth Design LLC acquired a new stake in shares of Fidelity National Financial in the third quarter valued at about $41,000. Finally, Larson Financial Group LLC lifted its stake in shares of Fidelity National Financial by 141.1% in the third quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 402 shares during the period. Institutional investors and hedge funds own 81.17% of the company’s stock.

Insider Transactions at Fidelity National Financial

In other Fidelity National Financial news, Director Sandra Douglass Morgan sold 2,092 shares of Fidelity National Financial 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 in the company, valued at $1,824,303.38. This trade represents a 6.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Halim Dhanidina sold 2,800 shares of the company’s stock in a transaction on 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 approximately $916,872.60. The trade was a 14.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.20% of the company’s stock.

Fidelity National Financial Stock Performance

NYSE:FNF opened at $62.77 on Friday. 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 firm has a 50-day moving average price of $57.58 and a two-hundred day moving average price of $59.19. Fidelity National Financial, Inc. has a twelve month low of $46.85 and a twelve month high of $64.83. The company has a market capitalization of $17.18 billion, a P/E ratio of 13.50 and a beta of 1.39.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.33 billion. During the same quarter in the prior year, the firm posted $0.75 earnings per share. As a group, research analysts expect that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current fiscal year.

Fidelity National Financial Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Monday, March 17th. Fidelity National Financial’s dividend payout ratio is presently 43.01%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. StockNews.com upgraded shares of Fidelity National Financial from a “hold” rating to a “buy” rating in a research note on Monday. Barclays raised their price objective 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. Deutsche Bank Aktiengesellschaft upgraded shares of 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 note on Friday, January 3rd. Keefe, Bruyette & Woods dropped 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 report on Wednesday, January 8th. Finally, Truist Financial raised their target price on shares of Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $70.40.

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.