Davis Capital Management Acquires 279 Shares of Fidelity National Financial, Inc. (NYSE:FNF)

Davis Capital Management increased its holdings in shares of Fidelity National Financial, Inc. (NYSE:FNFFree Report) by 5.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,821 shares of the financial services provider’s stock after acquiring an additional 279 shares during the period. Davis Capital Management’s holdings in Fidelity National Financial were worth $308,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. First Eagle Investment Management LLC lifted its stake in shares of Fidelity National Financial by 2.9% in the fourth quarter. First Eagle Investment Management LLC now owns 6,113,602 shares of the financial services provider’s stock worth $311,916,000 after buying an additional 171,521 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Fidelity National Financial by 195.2% in the fourth quarter. Victory Capital Management Inc. now owns 4,261,568 shares of the financial services provider’s stock worth $217,425,000 after buying an additional 2,818,001 shares in the last quarter. Confluence Investment Management LLC bought a new position in shares of Fidelity National Financial in the first quarter worth approximately $135,347,000. Northern Trust Corp lifted its stake in shares of Fidelity National Financial by 41.9% in the third quarter. Northern Trust Corp now owns 2,364,867 shares of the financial services provider’s stock worth $97,669,000 after buying an additional 698,322 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in Fidelity National Financial by 6.4% during the third quarter. Legal & General Group Plc now owns 1,930,540 shares of the financial services provider’s stock valued at $79,731,000 after purchasing an additional 116,393 shares during the period. Institutional investors own 81.17% of the company’s stock.

Insider Buying and Selling

In related news, Director Halim Dhanidina sold 3,000 shares of the company’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $50.64, for a total transaction of $151,920.00. Following the completion of the transaction, the director now owns 14,906 shares in the company, valued at $754,839.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Fidelity National Financial news, CFO Anthony Park sold 85,000 shares of the stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $50.82, for a total transaction of $4,319,700.00. Following the completion of the transaction, the chief financial officer now owns 99,049 shares in the company, valued at $5,033,670.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Halim Dhanidina sold 3,000 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $50.64, for a total transaction of $151,920.00. Following the transaction, the director now owns 14,906 shares of the company’s stock, valued at approximately $754,839.84. The disclosure for this sale can be found here. 5.20% of the stock is owned by company insiders.

Fidelity National Financial Price Performance

Shares of NYSE FNF traded up $0.23 during midday trading on Wednesday, reaching $49.15. The stock had a trading volume of 1,446,234 shares, compared to its average volume of 725,028. The stock has a 50-day moving average of $50.20 and a 200-day moving average of $50.21. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.21 and a current ratio of 0.21. The company has a market capitalization of $13.43 billion, a price-to-earnings ratio of 16.17 and a beta of 1.35. Fidelity National Financial, Inc. has a 12-month low of $33.61 and a 12-month high of $53.96.

Fidelity National Financial (NYSE:FNFGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.08). Fidelity National Financial had a return on equity of 14.24% and a net margin of 6.55%. The firm had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $2.72 billion. During the same period last year, the company earned $0.52 earnings per share. The business’s revenue for the quarter was up 33.3% on a year-over-year basis. As a group, research analysts anticipate that Fidelity National Financial, Inc. will post 4.67 EPS for the current fiscal year.

Fidelity National Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.91%. Fidelity National Financial’s dividend payout ratio is 63.16%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on FNF shares. Keefe, Bruyette & Woods lowered their price objective on shares of Fidelity National Financial from $56.00 to $55.00 and set a “market perform” rating on the stock in a research report on Monday, May 13th. Barclays increased their price objective on shares of Fidelity National Financial from $52.00 to $56.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. Stephens upped their target price on shares of Fidelity National Financial from $59.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, May 10th. Finally, Truist Financial upped their target price on shares of Fidelity National Financial from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $55.80.

Read Our Latest Research Report on FNF

Fidelity National Financial Profile

(Free Report)

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.

See Also

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

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