Linden Thomas Advisory Services LLC Raises Stake in Fidelity National Financial, Inc. (NYSE:FNF)

Linden Thomas Advisory Services LLC boosted its stake in Fidelity National Financial, Inc. (NYSE:FNF) by 1.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 16,046 shares of the financial services provider’s stock after purchasing an additional 271 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Fidelity National Financial were worth $819,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Teachers Retirement System of The State of Kentucky purchased a new stake in Fidelity National Financial during the third quarter valued at about $2,778,000. Lecap Asset Management Ltd. purchased a new stake in shares of Fidelity National Financial during the fourth quarter worth $1,335,000. CENTRAL TRUST Co boosted its holdings in shares of Fidelity National Financial by 30.0% in the fourth quarter. CENTRAL TRUST Co now owns 2,230 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 515 shares during the period. AustralianSuper Pty Ltd grew its position in shares of Fidelity National Financial by 14.0% in the fourth quarter. AustralianSuper Pty Ltd now owns 1,570,956 shares of the financial services provider’s stock valued at $80,150,000 after purchasing an additional 193,050 shares in the last quarter. Finally, OLD National Bancorp IN raised its stake in shares of Fidelity National Financial by 4.7% during the 4th quarter. OLD National Bancorp IN now owns 201,068 shares of the financial services provider’s stock valued at $10,258,000 after purchasing an additional 9,110 shares during the period. 81.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Truist Financial lifted their target price on Fidelity National Financial from $55.00 to $60.00 and gave the company a “buy” rating in a report on Friday, February 23rd. Keefe, Bruyette & Woods boosted their price target on shares of Fidelity National Financial from $54.00 to $56.00 and gave the company a “market perform” rating in a research report on Thursday, March 21st. Barclays boosted their target price on Fidelity National Financial from $52.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Fidelity National Financial in a report on Wednesday, January 10th. They issued a “hold” rating on the stock. Four 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, the stock has a consensus rating of “Hold” and an average target price of $54.20.

Fidelity National Financial Trading Down 1.5 %

Shares of FNF opened at $49.88 on Friday. Fidelity National Financial, Inc. has a fifty-two week low of $32.02 and a fifty-two week high of $53.96. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.21 and a current ratio of 0.21. The firm has a 50 day moving average price of $50.70 and a 200-day moving average price of $47.73. The firm has a market cap of $13.63 billion, a price-to-earnings ratio of 26.12 and a beta of 1.34.

Fidelity National Financial (NYSE:FNF) last announced its quarterly earnings results on Wednesday, February 21st. The financial services provider reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.27). Fidelity National Financial had a return on equity of 13.91% and a net margin of 4.40%. The company had revenue of $3.43 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same period last year, the firm earned $1.06 earnings per share. As a group, equities research analysts forecast that Fidelity National Financial, Inc. will post 4.81 earnings per share for the current year.

Fidelity National Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.85%. Fidelity National Financial’s dividend payout ratio is presently 100.52%.

Insider Transactions at Fidelity National Financial

In related news, Director Cary H. Thompson sold 23,410 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $51.11, for a total value of $1,196,485.10. Following the completion of the transaction, the director now directly owns 40,317 shares of the company’s stock, valued at $2,060,601.87. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 5.40% of the company’s stock.

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 products.