Parkside Financial Bank & Trust Raises Stock Holdings in Fidelity National Financial, Inc. (NYSE:FNF)

Parkside Financial Bank & Trust boosted its position in shares of Fidelity National Financial, Inc. (NYSE:FNF) by 50.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 622 shares of the financial services provider’s stock after buying an additional 209 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Fidelity National Financial were worth $35,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Prosperitas Financial LLC boosted its holdings in shares of Fidelity National Financial by 5.4% during the fourth quarter. Prosperitas Financial LLC now owns 4,997 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 256 shares during the period. Hahn Capital Management LLC raised its position in Fidelity National Financial by 64.9% during the 4th quarter. Hahn Capital Management LLC now owns 136,030 shares of the financial services provider’s stock valued at $7,637,000 after purchasing an additional 53,545 shares during the last quarter. QRG Capital Management Inc. lifted its holdings in Fidelity National Financial by 6.9% in the 4th quarter. QRG Capital Management Inc. now owns 110,147 shares of the financial services provider’s stock worth $6,184,000 after buying an additional 7,066 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Fidelity National Financial in the 4th quarter worth approximately $2,332,000. Finally, Mn Services Vermogensbeheer B.V. increased its stake in shares of Fidelity National Financial by 5.0% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 104,100 shares of the financial services provider’s stock valued at $5,844,000 after buying an additional 5,000 shares during the period. Hedge funds and other institutional investors own 81.17% of the company’s stock.

Insider Activity at Fidelity National Financial

In other news, Director Halim Dhanidina sold 2,800 shares of the 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 directly owns 16,716 shares of the company’s stock, valued at approximately $916,872.60. This represents a 14.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sandra Douglass Morgan sold 2,092 shares of Fidelity National Financial stock in a transaction dated Tuesday, December 24th. The stock was sold at an average price of $56.33, for a total value 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 approximately $1,824,303.38. This represents a 6.07 % decrease in their position. The disclosure for this sale can be found here. 5.20% of the stock is owned by corporate insiders.

Fidelity National Financial Stock Performance

Shares of FNF stock opened at $64.74 on Tuesday. The company’s fifty day moving average price is $57.92 and its 200-day moving average price is $59.37. The stock has a market cap of $17.72 billion, a PE ratio of 13.92 and a beta of 1.39. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.47. 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 posted its quarterly earnings data on Thursday, February 20th. The financial services provider reported $1.34 EPS for the quarter, topping the consensus estimate of $1.23 by $0.11. The business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.33 billion. Fidelity National Financial had a net margin of 9.28% and a return on equity of 15.36%. During the same quarter in the previous year, the firm posted $0.75 earnings per share. On average, equities analysts expect that Fidelity National Financial, Inc. will post 6.28 EPS for the current fiscal year.

Fidelity National Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.09%. Fidelity National Financial’s payout ratio is currently 43.01%.

Analyst Ratings Changes

A number of equities analysts recently commented on FNF shares. Barclays upped their target price 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. StockNews.com cut shares of Fidelity National Financial from a “buy” rating to a “hold” rating in a research report on Tuesday. Stephens boosted their price target on shares of Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a research report on Monday, February 24th. Deutsche Bank Aktiengesellschaft raised shares of Fidelity National Financial from a “hold” rating to a “buy” rating and increased their price target for the stock from $76.00 to $77.00 in a research note on Friday, January 3rd. Finally, Truist Financial lifted their price objective on Fidelity National Financial from $64.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $70.40.

Fidelity National Financial 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.