Fox Run Management L.L.C. Takes Position in Fidelity National Financial, Inc. (NYSE:FNF)

Fox Run Management L.L.C. bought a new stake in shares of Fidelity National Financial, Inc. (NYSE:FNF) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 16,831 shares of the financial services provider’s stock, valued at approximately $945,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brooklyn Investment Group bought a new position in shares of Fidelity National Financial during the 3rd quarter valued at approximately $35,000. Parkside Financial Bank & Trust raised its holdings in Fidelity National Financial by 50.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 622 shares of the financial services provider’s stock valued at $35,000 after buying an additional 209 shares during the period. Kestra Investment Management LLC purchased a new stake in Fidelity National Financial during the 4th quarter valued at $37,000. True Wealth Design LLC purchased a new stake in Fidelity National Financial during the 3rd quarter valued at $41,000. Finally, Larson Financial Group LLC raised its holdings in Fidelity National Financial by 141.1% during the 3rd quarter. Larson Financial Group LLC now owns 687 shares of the financial services provider’s stock valued at $43,000 after buying an additional 402 shares during the period. 81.17% of the stock is currently owned by institutional investors.

Fidelity National Financial Stock Performance

FNF stock opened at $63.49 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.47. The business’s fifty day simple moving average is $59.91 and its two-hundred day simple moving average is $59.87. Fidelity National Financial, Inc. has a twelve month low of $46.85 and a twelve month high of $65.65. The firm has a market cap of $17.46 billion, a price-to-earnings ratio of 13.65 and a beta of 1.32.

Fidelity National Financial (NYSE:FNF) last released its earnings results on Thursday, February 20th. The financial services provider reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 15.36% and a net margin of 9.28%. During the same quarter last year, the firm posted $0.75 earnings per share. Analysts predict that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.50 per share. The ex-dividend date is Monday, March 17th. This represents a $2.00 annualized dividend and a dividend yield of 3.15%. Fidelity National Financial’s dividend payout ratio is currently 43.01%.

Analyst Ratings Changes

Several research firms recently weighed in on FNF. Deutsche Bank Aktiengesellschaft upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and increased their price target for the company from $76.00 to $77.00 in a report on Friday, January 3rd. Keefe, Bruyette & Woods decreased their price target 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. Stephens increased their price target on Fidelity National Financial from $68.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, February 24th. Barclays increased their price target 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. Finally, StockNews.com lowered Fidelity National Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Fidelity National Financial presently has a consensus rating of “Moderate Buy” and an average price target of $70.40.

Insider Activity

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 sale, the director now owns 16,716 shares of the company’s stock, valued at $916,872.60. This trade represents a 14.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 sale, the director now directly owns 32,386 shares in the company, 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. Insiders own 5.20% of the company’s stock.

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.