Alpha DNA Investment Management LLC Buys New Position in Fidelity National Financial, Inc. (NYSE:FNF)

Alpha DNA Investment Management LLC bought a new stake in Fidelity National Financial, Inc. (NYSE:FNF) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 972 shares of the financial services provider’s stock, valued at approximately $39,000.

A number of other hedge funds have also recently made changes to their positions in FNF. McIlrath & Eck LLC raised its stake in Fidelity National Financial by 91.0% in the 1st quarter. McIlrath & Eck LLC now owns 659 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 314 shares during the last quarter. Huntington National Bank raised its stake in Fidelity National Financial by 42.9% in the 1st quarter. Huntington National Bank now owns 846 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 254 shares during the last quarter. AdvisorNet Financial Inc raised its stake in Fidelity National Financial by 112.8% in the 4th quarter. AdvisorNet Financial Inc now owns 1,011 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 536 shares during the last quarter. Allred Capital Management LLC purchased a new stake in Fidelity National Financial in the 1st quarter valued at about $60,000. Finally, Fieldpoint Private Securities LLC purchased a new stake in Fidelity National Financial in the 1st quarter valued at about $69,000. 78.67% of the stock is owned by hedge funds and other institutional investors.

NYSE FNF opened at $47.05 on Friday. The stock has a market cap of $13.60 billion, a PE ratio of 6.53 and a beta of 1.38. Fidelity National Financial, Inc. has a fifty-two week low of $29.29 and a fifty-two week high of $47.97. The business has a 50 day moving average of $45.60. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.18 and a current ratio of 0.18.

Fidelity National Financial (NYSE:FNF) last released its quarterly earnings results on Thursday, May 6th. The financial services provider reported $1.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.28. The firm had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $2.80 billion. Fidelity National Financial had a return on equity of 23.66% and a net margin of 17.06%. Fidelity National Financial’s quarterly revenue was up 92.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.73 EPS. Equities analysts anticipate that Fidelity National Financial, Inc. will post 5.47 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 30th. Shareholders of record on Wednesday, June 16th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend is Tuesday, June 15th. Fidelity National Financial’s dividend payout ratio is presently 26.97%.

Several analysts have commented on the company. Truist Securities lifted their price target on Fidelity National Financial from $48.00 to $53.00 in a report on Thursday, April 15th. Truist lifted their price target on Fidelity National Financial from $48.00 to $53.00 in a report on Thursday, April 15th. Zacks Investment Research upgraded Fidelity National Financial from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a report on Monday. Finally, Credit Suisse Group initiated coverage on Fidelity National Financial in a report on Monday, May 3rd. They issued an “outperform” rating and a $56.00 price target for the company. Four investment analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of $50.50.

In other Fidelity National Financial news, EVP Peter T. Sadowski sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, April 12th. The stock was sold at an average price of $43.89, for a total value of $1,097,250.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Anthony Park sold 30,308 shares of the company’s stock in a transaction that occurred on Thursday, May 27th. The shares were sold at an average price of $46.60, for a total value of $1,412,352.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 577,066 shares of company stock valued at $26,034,899. 5.80% of the stock is owned by company insiders.

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 insurance.

Further Reading: Insider Trading

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Institutional Ownership by Quarter for Fidelity National Financial (NYSE:FNF)

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